|Approval Date||04 Dec 2017|
|Signature Date||17 Apr 2018|
|Planned Completion Date||31 May 2021|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||15124|
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. It's designed as standalone regional operation that meets the requirements of regional public goods. 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. 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. The Project has three main components, namely: (i) Capacity Building for Trade Facilitation and Corridor Coordination, (ii) Technical Assistance for Value Chains and Economic Clusters Development and (iii) Project Management.
The objective of the project is to promote domestic and cross-border trade and value chains development along the Lobito Corridor.
The direct beneficiaries are: i) Over 1000 SME members of 6 cooperatives and from the construction sector; ii) Traders, including ICBTs, the majority of whom are women; iii) Industry associations will benefit through enhanced capacity to provide services to their members; and iv) Governments of Corridor States (Zambia, DRC and Angola). The indirect beneficiaries will be: v) large firms in the mining, retail and agro-processing sectors who will benefit through reliable supply of high-quality goods and services through linkages with the SMEs trained under the Project; and vi) the general public will benefit from improved social relations/peaceful co-existence between multinational companies operating in the corridor area and local communities due to enhanced inclusiveness realized through participation in the value chain.
African Development Fund
Ministry of Commerce Trade and Industry (MCTI) - Zambia
Ministère du Commerce et de l’Industrie (MCTI) - Zambie
|Last Update||04 Dec 2020|
|Name||AJUMBO Gerald Cornells Ochieng|