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Multinational - Lobito Corridor Trade Facilitation Project

24-Sep-2019

The Trade Facilitation Project seeks to accelerate growth in domestic and cross-border trade along the Lobito Corridor through the implementation of harmonized trade facilitation instruments, strengthening coordination of joint corridor development activities, and fostering effective participation of small and medium enterprises (SMEs) in value chains. The Lobito Corridor represents an alternative strategic outlet to export markets for Zambia and DRC and offers the shortest route linking key mining regions in these two countries to the sea. A recent study by the Bank shows that the Copperbelt and Northwestern Provinces of Zambia host 20% of the country’s population and generate over 55% of its exports. In Angola, the Corridor connects 40% of the country’s population and several large scale investments are taking place in agriculture and retail in the provinces of Benguela, Huambo, Bie, and Moxico traversed by the Corridor. In DRC, the Corridor connects the mining provinces of Tanganyika, Haut-Lomami, Lualaba and Haut-Katanga. Copper concentrates are currently transported from these DRC Provinces to Zambia for smelting for further export and the Corridor offers a potential conduit to overseas markets.

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