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Zambia, Mozambique, Malawi sign agreement on Growth Triangle, as Nacala Port modernized


President Hakainde Hichilema has called for more joint public-private ventures between African countries to spur economic growth.

Hichilema emphasized that Zambia’s goal was leveraging its geographic position to become a truly land-linked country through the development of transport corridors.

The Head of State made the call when he participated in the inauguration of the rehabilitated, expanded and modernised Nacala Port in Nampula Province of Mozambique on Saturday.

Read more:Hichilema visits Mozambique for inauguration of newly refurbished port of Nacala

He expressed gratitude to the leadership of Mozambique for actively considering Zambia’s request for land in Nacala and Beira for the development of dry ports.

“Zambia has faced limited access to international markets for some time, leading to the initiative of opening up new routes to boost trade volumes and attract more investment to the country,” Hichilema said.

Meanwhile, in a statement issued in Lusaka on Saturday, State House Chief Communications Specialist, Clayson Hamasaka, said since taking office, Hichilema had been actively engaged in economic diplomacy efforts.

Hamasaka said the diplomatic efforts were aimed at opening up Zambia for increased investment and realising the vision of making Zambia an economic hub in the region.

He said the event marked the third international gateway in which Hichilema had participated, following the opening of the Lobito Corridor in Angola in July of this year and the Zambia-Democratic Republic of Congo gateway last week.

“Hichilema joined Mozambican President Filipe Nyusi, who hosted the event, and Malawian President Lazarous Chakwera, marking the momentous occasion known as the Zambia-Mozambique-Malawi Growth Triangle (ZMM-GT),” Hamasaka said.

He said during the event, Hichilema, Nyusi, and Chakwera signed a tripartite institutional agreement on the Nacala Development Corridor, while the respective Ministers responsible for transport in the three countries signed agreements related to road and rail infrastructure.

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