RATIFICATION OF THE WALVIS BAY-NDOLA-LUBUMBASHI CORRIDOR TO BOOST BUSINESS IN THE REGION, TAYALI
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RATIFICATION OF THE WALVIS BAY-NDOLA-LUBUMBASHI CORRIDOR TO BOOST BUSINESS IN THE REGION, TAYALI

LUSAKA, Friday, January 19, 2024

MINISTER of Transport and Logistics Hon. MUSEBA FRANK TAYALI, MP is elated with the ratification of the Walvis-Bay-Ndola-Lubumbashi Corridor saying the move will boost economic development amongst the member countries and beyond.

The countries involved in the Corridor are the Democratic Republic of Congo, Namibia and Zambia.

In June 2022, Hon. TAYALI led a delegation to Walvis Bay, Namibia on a familiarisation tour of the Zambian Dry Port where he said as business was booming between the DRC and Zambia, there was need to ratify the Tripartite Agreement.

He said the move would promote trade and eventually bring about economic development in the Region.

Following the ratification of the Agreement last week by the Zambian Government, Hon. TAYALI is delighted that the New Dawn Administration has fulfilled one of its goals of turning Zambia into a transport and logistics hub in the region.

He says what Government has done is in line with the New Dawn Government’s aspiration of turning the country into an export-led growth and middle-income country by 2030.

The Minister says the benefits of the ratification will improve the infrastructure, private sector participation as well as contribute to the overall development of the region, through promoting cross-border trade and investment.

Government had recognised the importance of regional integration and cooperation as key to the country’s economic growth and development, hence the ratification of the Agreement.

 

This is contained in a statement issued by the Ministry’s public relations officer Ndubi Mvula.

 

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