HH calls for speedy implementation of the Lobito Corridor project!

The Lobito Corridor, a vital transportation route, presents a strategic opportunity for enhanced trade and connectivity among Zambia, Angola, and the Democratic Republic Of Congo.

By Balewa Zyuulu.

Lusaka, Feb. 8 [Phoenix News] – President Hakainde Hichilema has called for speedy implementation of the Lobito Corridor Project.

Speaking during the official opening of the Lobito Corridor Investment Forum at Ciela Resort this morning, President Hichilema said the corridor, connecting Zambia, Angola, and the Democratic Republic Of Congo holds immense potential for the economic advancement of the region.

Also Read: Oil pipeline from Mozambique on the cards.

The development will support the country’s only oil pipeline from Dar es Salaam in Tanzania to Ndola, where the country’s inefficient oil refinery has been closed and would now be taking finished products.

President Hichilema said the Lobito Corridor, a vital transportation route, presents a strategic opportunity for enhanced trade and connectivity among the participating nations.

The Head of State has since urged stakeholders from government agencies, private sectors, and international organizations to discuss strategies for accelerating the development of the Lobito Corridor and emphasized the importance of collaborative efforts and innovative approaches to overcome challenges and expedite the project’s implementation.

Also Read: Tanzanian billionaire unveils $100m LPG facility in Zambia.

The LPG facility will be Zambia’s first of such kind of project in the energy sector and will span from cooking gas possibilities to power solutions.

At the same event, US President Joe Biden’s Senior Advisor, Amos Hochstein, highlighted the US governments support to advancing the Lobito Corridor Initiative due to its transformative impact on the economies of Zambia, Angola and the DRC.

About Our Advocacy: Woodpecker’s Digest is an online portal for news analyses and commentaries on topical issues of national interest and for articles on personal development and health! Journalism maintains democracy. It is a great tool for progressive social change!