Zambia has signed a cooperation agreement with the Arab Bank for Economic Development in Africa (BADEA), securing a $50 million investment for the construction of the Kalabo-Sikongo-Angola Border Road in Western Province.
The agreement was formalized in Riyadh, Saudi Arabia, by Zambia’s Minister of Finance and National Planning, Dr. Situmbeko Musokotwane, and BADEA President, Dr. Sidi Ould Tah.
Alongside the road project, a $500,000 capacity-building initiative was also agreed upon to support the training of public officials in finance, trade, and energy development.
During the signing ceremony, Dr. Musokotwane emphasized the project’s importance in advancing sustainable development goals related to industrial growth, infrastructure, and economic development.
“This investment will improve living standards and boost economic opportunities in the Kalabo-Sikongo-Angola border region by creating jobs and expanding cross-border trade,” he said.
The road will significantly enhance connectivity for remote areas in Western Province, particularly during the rainy season when access is often restricted.
By improving trade routes between Zambia and Angola, the project aims to promote regional integration and drive economic growth in both countries.
Zambia’s Ambassador to Saudi Arabia, Mr. Duncan Mulima, witnessed the signing, highlighting the role of international partnerships in Zambia’s development.
Dr. Sidi Ould Tah remarked that the Kalabo-Sikongo-Angola Border Road Project is central to Zambia’s development strategy, providing crucial access to Angolan ports and strengthening trade ties.
“This road is not just infrastructure; it unlocks new opportunities for businesses and local communities,” he noted.
Since 1976, BADEA has committed over $186 million to 22 projects in Zambia, including vital infrastructure development.
Dr. Ould Tah reaffirmed BADEA’s dedication to supporting Zambia’s growth through investments in infrastructure and human capital, ensuring sustainable outcomes from these projects.
