Saturday, July 20, 2024

U.S. Government Aims to Boost Zambian Economy through Lobito Corridor Investments

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In a bid to bolster the Zambian economy, the United States Government has expressed its commitment to supporting investments in the Lobito Corridor. Amos Hochstein, Senior Advisor to U.S. President Joe Biden on Energy and Investment, highlighted the potential of the corridor to foster regional integration and interdependency.

In a special interview with ZNBC’s Franklin Tembo Junior, Mr. Hochstein emphasized the interest of numerous American companies in investing in Zambia along the corridor. He underscored the significance of the Lobito Corridor construction in facilitating trade and economic growth in the region.

Zambia is set to host the Partnership for Global Infrastructure and Investment, Lobito Corridor private sector investment forum on Thursday, February 8, 2024. The forum, to be held in Lusaka, has garnered participation from the private sector and cooperating partners such as the USA.

Both the United States and the European Union are lending support to the Lobito Corridor project, which aims to promote trade and connectivity among Zambia, Angola, and the Democratic Republic of Congo. The project represents a crucial step towards enhancing regional economic cooperation and fostering sustainable development in the participating countries.

43 COMMENTS

    • Copper , cobalt is around this area. That is all they are interested in .
      The country has been auctioned to the Americans.

    • “Our copper”, “our cobalt”. Yours but you don’t know how to make anything from it.
      You can’t even make earrings from copper. You go to Dubai to buy rings.
      Let those people created by God build that Loboto thing.

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    • “In a bid to bolster the Zambian economy” Since when did the US worry about and want to bolster a Third World Economy? Im sure you reporters were at a loss for what words to prefix that US propaganda statement. Give us mature journalism not riff raff reports

  1. CAN CHAGWA LUNGU DO THIS? DOES HE HAVE THE CAPACITY TO ORGANIZE SUCH THINGS? KULILA MWIIBALA STEALING WAS THE ONLY WAY. I TOLD SOME PEOPLE THAT LUNGU IS THE RICHEST MAN IN ZAMBIA THEY DID NOT BELIEVE ME UNTIL THEY HEARD THE MINISTER SAY HE HAS BILLIONS OF $$$ IN DUBAI AND ABU DHABI

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  2. Lameck Banda you are the reason we don’t develop in Africa because you think the west hands out money other than us tapping from our own resources we have

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  3. Nonsense and with morons like Lameck Banda Africa will never develop….America is a Bandit country and the whole world knows that but a demented pompwe like Lameck Banda uses his backside to reason…..We can’t continue giving Away our minerals and Joe Biden is busy destroying the whole world with endless wars…at the end of the day America will incite civil war in Zambians so that they can come and finish our natural resources

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    • Africa shall stop mining in toto. Diversify economies to be food surplus and become world basket.
      Develop local industries based on natural abundance. Kim CK out western hegemonic slavery, not only economic but also religious.

  4. Do not let the country be torn apart. We are all aware China is making a move to take over TAZARA with the implied intention of transporting the critical raw materials to China via Dar. That Lobito counter is not feasible because it is further and a little overrated … the infrastructural development will, as is the case with Western backed initiatives, be laced with loads of bureaucracy and strings attached. Watch the space. In the end DRC and Zambia stand to lose if we just go into meetings to grin and sign things blindly. Let’s get a hold of ourselves for once guys.

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  5. …………

    Look at the arm chair critics ,
    “fear the white man sydromisters ” and conspiracy addicts above…….

    Do you want that corridor developed ??

    Its been 50 years , and you have done nothing…………

    Yet the “fear the white man ” syndrome is getting the better of you……..

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  6. @Sparka, these are the same dimwits that stood on top of a mountain with disparaging remarks that HH has never visited China, HH is in the west pockets and said it all. UPND and HH said, Zambia was in a queue to visit China. When HH visited China, heard Fred Mmembe was in disbelief and had to have a bed rest. So is the Lobito corridor investment that will enhance national economic growth. Any way, these dunderheads believed at one time that UPND government can never get rid of cadresim. Let sleeping dogs lie

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  7. Spaka your economy is crumbling under UPND….getting worse…you should be ashamed of yourself supporting HH blindly

    • Crumbling where ????

      It’s a work in progress from the pit latrine zambia that lungu left………

      We are moving on a right trajectory

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  8. America ceased to be super power along time ago now its just forcing things…now just starting wars and being invaded and taken over by Mexican cartels…..

  9. …….

    To those complaining………

    Are you just complaining for the sake of complaining ???

    If not…….what are your ideas to develop this corridor in regards to financing and technical know ???

    Or you don’t want this corridor developed at all …..???

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  10. Typical African mentality…we sitting on wealth and wait for Muzungu to come and point it out to us that this is money….until today we didn’t know that our copper is first grade and the best in the World….and we give it away for Pennies….We have Victoria Falls which is a gem……Victoria Falls alone can generate billions every year if well managed and advertised….imagine South Africa makes billions out of Victoria falls….there’s a Tour company based in Seattle here in the USA making billions out of Victoria falls

    • ……

      And what are you doing about it , apart from complaining 24/7 and dispariging the west………

      Yet you are at the forefront enjoying western creations and comforts……..

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  11. But Spaka is so excited that Bill Gates and his minions will have uncontrolled access to our minerals….Spaka is having his best orgasm just hearing the name “Bill Gates “

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    • ………..

      “……will have uncontrolled access to our minerals….”

      Are you that thick to be sleeping on duty while they take…..???

      Typical African……

      Watch something go unattended…….

      Then when someone’s comes in to attend
      ati they are stealing…..?

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  12. @Anonymous, With the utter nonsense that you write, I can se why you handle is Anonymous.
    And incidentally, the majority of comments written are a load of garbage.

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  13. And Trump once said ” ALL MY FRIENDS GO TO AFRICA TO BECOME RICH”……and AFRICA GOES TO IMF TO BEG FOR BREADCRUMBS

  14. If America says it will send all it’s human excretes to Zambia I’m sure there are some here who would cheer and think this is progress. This is what we call making the same mistakes but expecting different results.

  15. ………

    A more intelligent people would be asking……….

    To see the terms of the agreement and advising the best way forward……..

    Noti imwe………

    Beve its complain about something that needs development that you have been sitting on for 50 years undeveloped …….

    Ask them for alternatives, they are clueless

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  16. When we refer to the “USA government,” we are typically talking about the system of federal governance established by the United States Constitution. The government of the United States is a federal republic, meaning it is a union of self-governing states under a central authority. This includes three branches: the executive branch (headed by the President), the legislative branch (Congress, consisting of the Senate and the House of Representatives), and the judicial branch (the Supreme Court and lower federal courts).

  17. When we talk about the USA government and American companies, we are discussing two distinct entities that play different roles in society, have different objectives, and operate under different frameworks.

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  18. So in short the USA is telling Zambia that with all the wealth that we have we can even relocate the IMF from DC to Lusaka and UN from New York to Lusaka….and world Bank from DC to Lusaka….but working hard and developing our own country is too much its better we just go to the IMF with a begging bowl…and they can start dictating our lives and tell us thats same sexxx marriage is ok and even sexx with animals is ok…

    • Anonymous

      You will be more relevant if you look at a map of the lubito corridor and come up with development strategies of how best to leverage this development………

      Instead of having a tantrum about same sexx marriages ………

  19. US gov’t to boost Zambia’s economy, China to build our roads ,Swiss Vedanta to run our mines,Ethiopian/Kenyan airlines to own our air travel market and SA’s retailers to run our supermarkets.

    OK ,utter rubbish what do we Zambians do for ourselves?

  20. While the Lobito Corridor is undoubtedly important for regional trade and economic development, prioritizing the Inga Dam could lay the foundation for sustained and inclusive growth, offering long-term benefits that extend beyond the immediate infrastructure concerns addressed by the Lobito Corridor. Therefore, completing the Inga Dam first could potentially set the stage for more comprehensive and sustainable development in the region.

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  21. Ignoring addresses for mailing and banking can have serious consequences for individuals and the overall functioning of society. Without accurate addresses, individuals may not receive important documents such as tax forms, official notices, or financial statements, leading to potential legal and financial issues. Furthermore, accurate addresses are crucial for ensuring that individuals can access essential services such as voting, healthcare, and emergency assistance.

  22. Here comes the looting. America has never been interested in helping any African country develop. They’re always looking out for their own interests. Traitor HH has sold out our country to the Americans. Read “Confessions of an Economic Hitman” by John Perkins, to understand how the Americans plunder poor nations that have natural resources. This sellout, HH, needs to be voted out in large numbers, come 2026, to save our country.

  23. From a broader perspective, ignoring addresses for mailing and banking undermines the efficiency and integrity of the financial and administrative systems. It can lead to errors, delays, and increased administrative costs, ultimately affecting the smooth operation of businesses, government agencies, and financial institutions.

  24. To the European Union, the United States State Department, and the Zambian government:

    To your knowledge, how many people in the Lobito Corridor have titled rights to their property, representation in the legal system, a valid mailing address, and access to banking services?

  25. The absence of fundamental infrastructure such as mailing addresses, banking services, and access to legal representation can indeed present significant barriers to assimilation and integration within a society. Without these essential services, individuals may struggle to establish a sense of belonging and participation in the community, and face challenges in meeting their basic needs and exercising their rights.

  26. @ The Patriot
    Tell that to chief praise singer Lumbani madoda Spaka ……Spaka is very unpatriotic and he is just supporting whatever nonsense HH is doing …Tikki on the other hand is a little bit objective and sometimes he talks sense but not choir master Spaka

  27. those guys are thieves, they never do something for mahala and besides its just a rail line, dont tell me zambia , angola and drc can fail to finance a rail line?????????we dont need their help ……unless we are saying that we are *****s. ..duh

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