Zambia has reaffirmed its position as a rising global player and regional transport hub with a proposed $300 million investment from DP World, a leading multinational logistics company.
The initiative, structured as a Public-Private Partnership (PPP) with Zamcargo Limited, a subsidiary of the Industrial Development Corporation (IDC), aims to enhance trade infrastructure and economic opportunities.
Following a meeting at State House between President Hakainde Hichilema and DP World Executive Vice President Suhail Al Banna, an initial $50 million investment was announced.
Al Banna reiterated DP World’s commitment to supporting local livelihoods through infrastructure development and logistics expertise.
President Hichilema emphasized Zambia’s strategic importance in regional trade, highlighting how DP World’s investment will strengthen the country’s access to international markets.
As a land-linked nation, Zambia stands to benefit from improved export and import efficiency. He also stressed the need to develop dry port facilities at Walvis Bay (Namibia) and Dar-es-Salaam (Tanzania) to enhance trade productivity.
“This initiative aligns with our broader vision of transforming Zambia into a major transport and business hub in Southern Africa,” President Hichilema stated.
By leveraging its strategic location and natural resources, Zambia is driving economic growth, expanding infrastructure, and creating jobs and investment opportunities that will uplift local communities.
