Minister of Transport and Logistics, Frank Tayali, says Cabinet’s approval of the the Beira Development Corridor Agreement will enhance regional trade.
During the 8th Cabinet Meeting chaired by President Hakainde Hichilema on Monday, May 6th 2024 in Lusaka, Cabinet approved that Zambia signs and ratifies the Beira Development Corridor Agreement.
Mr. Tayali said the agreement also includes the Democratic Republic of Congo, Malawi, Mozambique and Zimbabwe.
“This will promote and facilitate infrastructure development, transit-transport cooperation and cross border trade among the five-member States,” said Mr. Tayali in a statement.
Mr. Tayali said the countries will benefit from the various initiatives and development projects to be undertaken by the various stakeholders and Cooperating Partners within the Corridor.
He said the Beira Development Corridor is critical to enhancing regional and international trade competitiveness particularly for the landlocked countries.
This is contained in a statement made available to RCV News in Lusaka today by Ministry of Transport and Logistics Public Relations Officer Ndubi Mvula.
By Bibiana Lambart.
