Hichilema pledges increased investment in trade corridors to boost economic growth


President Hakainde Hichilema has pledged to increase investments in Zambia’s trade corridors, emphasising their role in driving growth in critical economic sectors.

Speaking at the Copperbelt Agricultural Mining, Industrial, and Networking Expo (CAMINEX) in Kitwe, he highlighted the importance of innovation-driven growth and the strategic advantages of transport corridors like Lobito, Tazara, Walvis Bay, and Nacala.

These corridors enhance Zambia’s access to international markets, which he said was crucial for capitalizing on the high demand for critical minerals necessary for the global energy transition.

Hichilema noted that this demand underscored Zambia’s strategic position and significantly contributed to the nation’s economic transformation agenda.

Read more: China calls on Zambia’s other creditors to shoulder ‘fair burden’ in debt restructuring talks

He stated, “The trade and investment portfolio is further strengthened by various transport corridors, facilitating easy and cost-effective access to international markets, which we need to take advantage of.”

Mines and Mineral Development Minister Paul Kabuswe echoed these sentiments, pointing to a mining boom in the region due to the recapitalization of Mopani Copper Mine.

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