Zambia Diaspora Chamber of Commerce (ZDCC) Commends President Hichilema’s Leadership at the Lobito Corridor Investment Forum and Seeks Further Collaboration

By Francis John, Publisher TipsNews, Kansas City.

Lusaka, Zambia – February 9, 2024 – The Zambia Diaspora Chamber of Commerce (ZDCC), under the leadership of President Mr. Freud Musanu, lauds the visionary leadership of President Hakainde Hichilema at the recent Lobito Corridor Private Sector Investment Forum held in Chongwe District. The ZDCC is eager to explore avenues for collaboration to support the ambitious Lobito Corridor Railway Line project and calls for the mobilization of affordable capital and advanced technology to ensure its success.

President Hichilema’s dedication to transforming the region’s infrastructure and boosting trade and investment across sectors is commendable. The Lobito Corridor project promises to be a cornerstone of economic development, connecting Zambia not only to the Atlantic through Angola but also to the Indian Ocean via Tanzania. It is an initiative that aligns perfectly with the ZDCC’s mission to facilitate trade, investment, and diaspora engagement for Zambia’s growth.

Mr. Freud Musanu, President of the ZDCC, expressed his enthusiasm for the project’s potential to enhance trade, particularly in the burgeoning electric battery market, and underscored the importance of the collaboration between Zambia, the DRC, and the USA. “The Lobito Corridor project is a monumental leap towards economic diversification and regional integration. It is imperative that we, as a diaspora community, support this initiative and contribute to its realization. The ZDCC is fully committed to working alongside the Zambian government and international partners to harness the vast opportunities this project will unfold,” Mr. Musanu stated.

The ZDCC calls for concerted efforts to ensure the provision of affordable capital and access to cutting-edge technology, which are crucial for the project’s success. The Chamber encourages the private sector, both local and international, to voice their challenges and needs to facilitate a conducive environment for the project’s timely and efficient implementation.

The Lobito Corridor Investment Forum has set a precedent for international cooperation and investment in Africa’s future. The ZDCC extends its gratitude to all the stakeholders involved, especially the United States, the European Union, the Africa Finance Corporation, and the African Development Bank, for their pivotal roles in advancing this project.

As discussions progress and partnerships solidify, the ZDCC remains optimistic about the transformative impact of the Lobito Corridor project on the region’s economic landscape. The Chamber is ready to leverage its network and resources to ensure the project’s objectives are met, heralding a new era of prosperity for Zambia and its neighbors.

Zambia Diaspora Chamber of Commerce (ZDCC)

The Zambia Diaspora Chamber of Commerce is a leading organization dedicated to promoting trade, investment, and diaspora engagement in support of Zambia’s socio-economic development. The ZDCC serves as a bridge between Zambia and its global diaspora, fostering partnerships and facilitating initiatives that drive growth and development.

Mr. Freud Musanu, President
Organization: Zambia Diaspora Chamber of Commerce
www.ZDCC.com

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