Minister of Transport and Logistics, Hon. Museba Frank Tayali , MP is elated with the move by Cabinet to approve the Beira Development Corridor Agreement.
This came to light following the sitting of the 8th Cabinet Meeting chaired by His Excellency President Hakainde Hichilema on Monday, May 6th 2024 in Lusaka which approved that Zambia signs and ratifies the Beira Development Corridor Agreement.
On Monday, Cabinet approved that Zambia should sign and ratify the Beira Development Corridor Agreement (BDCA) amongst the Democratic Republic of Congo (DRC), the Republic of Malawi, the Republic of Mozambique, the Republic of Zimbabwe and the Republic of Zambia.It is in the interest of Cabinet for Zambia to sign and ratify the BDCA in order for the Agreement to enter into force and facilitate the creation of coordination mechanisms to address the challenges that require to be resolved by the five-member States.
This will promote and facilitate infrastructure development, transit-transport cooperation and cross border trade among the five-member States and ensure that they benefit from the various initiatives and development projects to be undertaken by the various stakeholders and Cooperating Partners within the Corridor.
The Beira Development Corridor is critical to enhancing regional and international trade competitiveness particularly for the landlocked countries of Zambia, Zimbabwe, Malawi and Democratic Republic of Congo.
Hon.Tayali says the development is a very welcome move as the Beira Corridor offers Zambia the shortest route to the sea.
The approved Agreement will now be taken to Parliament for the final stage of the Ratification process.Once ratified, it will be the fifth (5th) Corridor Agreement that Zambia would have since ratified under Hon. Tayali as Minister of the Ministry of Transport and Logistics.
Source: Lusakatimes
In other news – President Hakainde Hichilema Urges Peace and Unity at South Sudan Mediation Summit
Upon his return from Nairobi, President Hakainde Hichilema expressed gratitude to His Excellency, President William Ruto of Kenya, for the invitation to the high-level mediation summit for South Sudan held at the county’s State House.
During his address at the summit, President Hichilema emphasized the critical need for peace and stability in South Sudan, stressing that instability in any part of Africa affects the entire continent. Read more
