Zambia is set to strengthen its position as a regional transport and logistics hub following a proposed $300 million investment by DP World, a leading global port operator. The initiative, which will commence with an initial $50 million injection, will be executed through a Public-Private Partnership (PPP) with Zamcargo Limited, a subsidiary of the Industrial Development Corporation (IDC).
The agreement was announced after a meeting between President Hakainde Hichilema and DP World Executive Vice President Suhail Al Banna at State House. Mr. Al Banna affirmed DP World’s commitment not only to profit generation but also to enhancing local livelihoods through infrastructure development.
President Hichilema highlighted that Zambia, as a land-linked nation, has the potential to become a pivotal player in regional trade and investment. He emphasized that DP World’s expertise in global logistics would facilitate Zambia’s access to international markets, enhancing its ability to efficiently export and import goods.
The President also underscored the urgency of developing dry port facilities at Walvis Bay in Namibia and Dar-es-Salaam in Tanzania, noting that these sites are critical to improving Zambia’s trade efficiency.
“This initiative aligns with our broader vision of transforming Zambia into a major transport and business hub in Southern Africa,” President Hichilema stated.
The partnership is expected to drive economic growth by leveraging Zambia’s strategic location and natural resources while significantly enhancing the nation’s trade infrastructure.
Such deals should be done via open tender to avoid speculation. Single sourcing is often problematic and open to abuse.
Tell us something new. $300 million is the cost of one of our airports, how do expect to create a competitive transport hub with such trivial deals? This government has been such a disappointment. We expected them to be smart economists but now I’m convinced that these are products of expired principles and enablers of exploitati0n.
“…… Tell us something new. $300 million is the cost of one of our airports, how do expect to create a competitive transport hub with such trivial deals? ….”
The tragedy is……..
You still don’t know you were overcharged for those air ports……….
And you paid for something that was over exaggerated………
Take KK international, built to cater for 2million passengers Pa , that is 54 planes with 100 passengers everyday including Sundays landing in Lusaka…….54 planes every day…!!!!
Not in 100 years Lusaka
FWD2031
Here we go again…just blowing hot air with Project that will never even materialize….and what happened to the Arab Mining investors…they made alot of noise and yet it was just hot air…..just ask HH about the same $300 million Project six months from today and he will have no answers….Government of lies and deceit
4 years in office and still making campaign promises….Politicians are big criminals…just look at Chipante pante Trump…things are now getting more expensive here in the USA and he is already looking for someone else to blame…..HH in opposition was a genius…the only thing he has done is renovate his house using tax payers money….and moron Trump is using the White House to acquire land in foreign countries so that he can build his casinos
More secrete deals. We know nothing of the terms and conditions. They just throw out a figure like 300 million to excite simple minded individuals.
All the while, more power is being given to foreigners. Our economy is already under the control of foreign companies. By the time HH is done, the country will be fully owned by foreigners. Zambians will have nothing.
Take a look at the SGR trains Tanzania is building.Now that’s worth writing about!
Tanzania will be in the same position as Zambia if it continues to borrow to finance white elephant projects. Everything from the paint to the rolling stock is imported on the SGR. When a screw breaks, they have import one from the manufacturer. The port is an excellent idea. Zambia needs to leverage its position as the crossroads of Southern Africa to get more money from our neighbours. If we play our cards right, we will get traffic Kenya, Tanzania, DRC, Angola, Zimbabwe, South Africa, Mozambique, as they criss cross our roads to do trade with each other. The only thing I hate with Hakainde are public-private partnerships which allow aomw of the rich to profitier from Zambia
Trickle down effect to the common man will still remain a pipe dream, going by the many pronounced projects before this one
………….
Hehehe
Some of you guys are surprising………
You expect immediate benefits from these deals ????……….
Just wait and see what HH will leave,…….
the benchmark set will be too high for the kaponya mind opposition……..
Right now there is no alternative to HH……….
The only feasible leader is Sunday Chanda of kanchibuye……….
We hope he is in GRZ delivering for mother Zambia after 2026……..
We are here
FWD2031
Its now 4 years in and UPND just announcing multimillion dollar investments…day in day out…and still not even a single project that HH can point at…zero…kukambakamba chabe just like Pompwe Trump….all bark no bite….Politicians are all useless….all over the world they’re just the same
Bally will fix it in 10yrs time.
HH. Imwe mwebantu. How much does this man want to get from our coffers? Why do we need this company to come and take away our little money? We are not supposed to pay them to come and operate in Zambia. This is a private venture which does not need Zambian money. He has signed to partner with them as an individual, why use our government money? For what? Wow. HH thinks we are dwazi. And we are.