Insurance firm keen to invest in Africa’s energy sector


AN insurance company Liberty Holdings Limited which has operations in Zambia has pledged to continue investing in Africa’s energy sector.

According to the company’s 2015 integrated report, Liberty Holdings remains committed to investing in renewable energy infrastructure projects across Africa.

The company said it recognised the critical role its property portfolio played on the environment of tenants and other third parties, hence the commitment to manage those areas of business with a direct impact on the environment, electricity and water consumption.

“While Liberty is not a significant consumer of natural resources, we are committed to minimising our direct impact on the environment.

“Furthermore, we remain committed to ensuring our investment criteria encourage the responsible and sustainable use of natural resources,” he said.

In 2015, Liberty Holdings embarked on an energy project in South Africa which identified a resilience roadmap and opportunities to save and use energy more efficiently.

“In addition to this strategic work, there were a number of energy and water efficiency projects that included a rain and grey water system and numerous energy efficient lighting upgrades across the portfolio of occupied and owned premises,” read the report.

In this project, Liberty partnered with the National Business Initiative (NBI), through the Private Sector Energy Efficiency (PSEE) programme to leverage best practices in energy efficiency through a donor funded programme that assisted over 3 000 companies countrywide.

According to Liberty Holdings, the project has since expanded to focus on water initiatives as well.

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