A Memorandum of Understanding (MoU) between Zambia and the Democratic Republic of the Congo (DRC) will enable the two nations to begin producing batteries for electric vehicles.
The two nations signed a cooperation pact in April, which was followed by the signing ceremony.
This will make it easier for the renewable energy and electric battery industries to develop their value chains.
The government of the United States of America (USA) has promised to look for partners who may contribute money to the project that the two nations would undertake.
President Hakainde Hichilema and his Congolese counterpart, Felix Tshisekedi, attended the signing ceremony on the margins of the US Africa Leaders’ Summit, which is taking place in Washington, DC, according to ZANIS.
In the presence of the two Presidents and US Secretary of State Anthony Blinken, Zambia’s Minister of Foreign Affairs and International Cooperation Stanley Kakubo and the DRC’s Minister of Foreign Affairs Christopher Lutundula each signed on behalf of their respective countries.
The MOU’s signature, according to Zambia’s Foreign Affairs Minister Stanley Kakubo, is a true testament to the close ties that exist between the governments of Zambia, the DRC, and the United States.
According to Mr. Kakubo, the project will contribute to the industrialization of the two nations once it is realized by establishing value chains and jobs.
And Mr. Blinken praised the two nations for starting the project and expressed gratitude that his government could attend the MoU signing.
