The Zambian Cabinet, under the leadership of President Hakainde Hichilema, has given the green light to the Beira Development Corridor Agreement, a significant move poised to bolster regional trade and infrastructure development. This agreement involves Zambia, the Democratic Republic of Congo, Malawi, Mozambique, and Zimbabwe, aiming to establish a cooperative framework for the Beira Corridor, a pivotal trade route for landlocked nations in the area. Chairing the cabinet meeting, President
Category: Central Africa
Zambia Implements Stricter Regulations to Boost Local Transportation Industry
Zambia’s government has enacted stringent measures against importers and exporters who flout laws favoring local carriers in the transportation of goods across the country’s roads. Under the Transportation of Heavy and Bulk Commodities by Road (Reservation) Regulations, 2021—a regulation falling under the Citizens Economic Empowerment Act, 2006 (Act No. 9 of 2006)—these measures will be enforced. Expressing concern over corporations consistently disregarding the law by prioritizing foreign transporters over Zambian
Zambia’s Mining Industry Under Scrutiny for Excluding Local Truck Drivers
Zambia’s mining industry, a key driver of the nation’s economy, is facing scrutiny over the exclusion of Zambian truck drivers from import and export operations. The Parliamentary Committee on Transports, Works, and Supply has raised concerns about this issue, which came to light during a meeting between the committee, led by Chairperson Mubika Mubika of the Shang’ombo constituency, and the management of Mopani Copper Mines. The committee found that Zambian
New Scanner Enhances Inspection at Luvo Border Post
The installation of a scanner at the Luvo Border Post, about 60 kilometers from Mbanza Kongo, Zaire, two weeks ago is expected to enhance the rigor of inspections for exported and imported goods, according to Ricardo de Aguiar, director of the 1st Region of the General Tax Administration (AGT). De Aguiar made these statements during a visit by a delegation from the Democratic Republic of Congo to the Luvo Border
PGI Celebrates Finance Agreement Signings for Angolan Projects
Recently, on the margins of the Corporate Council on Africa’s U.S.-Africa Business Summit, the United States and the Republic of Angola celebrated the signing of final agreements to finance three major infrastructure projects in the Partnership for Global Infrastructure and Investment (PGI)’s flagship Lobito Corridor. The agreements, for projects totaling more than $1.3 billion for clean power, radio connectivity, and transportation infrastructure, demonstrate the U.S. government’s continued commitment to support and accelerate
Moçâmedes Railway Incurs Significant Losses Due to Flood Damage
The Moçâmedes Railway (CFM) experienced losses of up to 160 million Kwanzas (approximately 190,704 USD) during the 31-day suspension of train services on the Huíla/Cuando Cubango section. This disruption was caused by heavy rains that washed away two hydraulic crossings. The floods on February 3rd and 4th severely impacted the railway infrastructure, destroying the hydraulic passage between the towns of Chanja and Olivença. Repair works, which took a month to
TAAG Revokes HiFly Partnership, Takes Over Luanda-Lisbon Route
TAAG Angola Airlines has ended its partnership with HiFly and taken full control of the Luanda-Lisbon route using its international Boeing 777-300ER fleet. This announcement was made by Nelson de Oliveira, President of TAAG’s Executive Committee, during the inauguration of a new corporate customer service store located in Cidade Financeira, Talatona, on Friday. “TAAG has resumed its DTT 5.2 flight, which departs from Luanda at 12:30 p.m., ending the service
TAAG Achieves Historic Cargo Milestone with 96 Tons of Freight to Angola
TAAG-Linhas Aéreas de Angola announced a significant achievement last Friday, transporting 96 tons of material from its European distribution center in Liege, Belgium, to Doutor António Agostinho Neto International Airport in Angola. This milestone marks a historic moment in TAAG’s cargo operations to Angola. The operation was conducted using a Network Aviation Group Boeing 747-400F freighter. In a statement released yesterday, TAAG highlighted that since March, its cargo operations have
Duelling Rail Projects Hint at Intensifying Contest for Africa’s Critical Minerals
This S&P Global Insights article highlights the intensifying global competition for control over the mineral-rich African Copperbelt, spanning Zambia and the Democratic Republic of Congo (DRC). On one side, the Lobito Corridor has received commitments of over $1 billion from private companies, supported in part by a consortium backed by the US and EU. This ambitious project aims to link the northern regions of Zambia and southern DRC directly to
CFM Logistics Expands Operations in Mozambique’s Oil and Gas Sector
Less than a year since its inception, CFM Logistics has commenced port operations in the Port of Pemba, Cabo Delgado province, focusing on serving the oil and gas industry. The company, exclusively owned by Empresa Portos e Caminhos de Ferro de Moçambique (CFM), aims to expand its business ventures in the sector. Established as part of CFM’s strategy to participate in Mozambique’s burgeoning oil and gas industry, CFM Logistics seeks