By Cecilia Chiluba/Zambia/Lusaka
Zambia and Ghana have concluded business transactions valued at US$7million between Fintech companies from the two countries, with ongoing business negotiations estimated at US$65 million.
The business transactions, were concluded during the Zambia-Ghana Business Dialogue in Lusaka , which provided a platform for private-sector engagement and rich exchanges, particularly in mining, trade, investment, and fintech, with
a potential to generate approximately 8,000 employment opportunities in both countries.
This is according to a joint communiqué issued at the conclusion of a three-day State Visit to Zambia by Ghanaian President John Dramani Mahama, who was in the country from 4th to 6th February, 2026, at the invitation of President Hakainde Hichilema.
President Mahama was accompanied by the First Lady of the Republic of Ghana, Mrs. Lordina Mahama, and a high-level delegation comprising Cabinet Ministers, senior government officials, and private-sector representatives.
During the State Visit, the two leaders emphasized the importance of strengthening African-led bilateral partnerships, expanding intra-African trade, mobilizing African capital, and enhancing policy coordination, especially in the face of an increasingly uncertain global environment and persistent economic challenges confronting developing countries.
They agreed to elevate Zambia-Ghana bilateral relations to a Comprehensive Economic Partnership aimed at deepening Trade, Investment and productive cooperation between the two countries.
The two Presidents reviewed progress made towards the implementation of agreed areas of cooperation and expressed satisfaction with the steady advancement of bilateral relations, underscoring the importance of moving from frameworks to implementation and directed their respective institutions to accelerate delivery on agreed commitments.
Priority areas of cooperation that were identified include Agriculture and food systems transformation, agro-processing and value addition, renewable energy and power trade, mining value addition, including artisanal and small-scale mining as well as combating illegal mining of precious minerals, trade and investment promotion, particularly under the African Continental Free Trade Area (AfCFTA),Waste management and the circular economy among others.
The Heads of State further welcomed the conclusion and signing of 10 Memoranda of Understanding and Agreements during the State Visit in Bilateral Air Services, Visa Waiver for holders of Diplomatic, Service and Ordinary passports; Standardisation, Conformity Assessment, Health cooperation, including transboundary disease management, Disaster Risk Management, Diaspora cooperation; Trade and Export promotion and Defence cooperation.
“These instruments will enhance connectivity, facilitate movement, strengthen institutional cooperation, and build resilience in critical social and economic sectors,” they noted.
On Thursday February 5, President Mahama addressed the Zambian Parliament, where he highlighted shared democratic values, the importance of Pan-African cooperation, and the need to strengthen African partnerships in support of peace, inclusive growth, and sustainable development.
The two Presidents reaffirmed their commitment to close consultation and coordination at regional, continental, and multilateral fora, including the African Union, COMESA, the United Nations, the Commonwealth, and the Non-Aligned Movement.
