
Market Intelligence
Zambia: Catalysing Climate Finance Growth
Zambia can turn debt-for-nature innovation into scalable climate finance while addressing persistent frontier-market bankability gaps.
Purpose
Catalyst for economic and climate resilience: who we are, what we stand for and who we work with.
Purpose overviewInsight
Thought leadership that empowers clients, industries, and society with insights that lead to innovation and progress.
Insight overviewAnalysis

Southern Africa
Following its pioneering $3 billion debt-for-nature swap and IMF-supported debt restructuring, Zambia has emerged as Africa’s unexpected leader in innovative climate finance. ASFI convenes the Zambia Sustainable Finance Intensive and Zambia Asset Owners Prelude in Lusaka.
Public and private pension schemes and insurers make up the institutional base. Placeholder narrative — replace with verified ASFI country intelligence.
Following debt restructuring, investors are focused on real-economy diversification. Placeholder narrative — replace with verified ASFI country intelligence.
Government bonds dominate local markets. Placeholder narrative — replace with verified ASFI country intelligence.
Energy, transport corridors and agriculture logistics lead the pipeline. Placeholder narrative — replace with verified ASFI country intelligence.
With green finance taxonomies and pilot sustainability bonds already underway domestically, the ASFI Zambia platform prioritises assembling pre-vetted, investment-ready projects and structured blended instruments.
| Indicator | Value | Source |
|---|---|---|
| Pension fund assets | Data pending | — |
| Insurance industry assets | Data pending | — |
| Listed equity market capitalisation | Data pending | — |
| Local-currency government bond market | Data pending | — |
| Infrastructure pipeline (tracked by ASFI) | Data pending | — |
Insight

Market Intelligence
Zambia can turn debt-for-nature innovation into scalable climate finance while addressing persistent frontier-market bankability gaps.
Events
Sustainable Finance Intensives
The platform where ambition converts to capital: assembling pre-vetted, investment-ready projects and structured blended instruments in Zambia.
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