A substantial $110 million concession agreement has been struck by the Zambian government and ZMart Group of Companies for the construction of vital infrastructure at Kasumbalesa, a critical border station on the Copperbelt. Witnessed by Attorney General Mulilo Kabesha, the deal represents a significant advancement in the nation’s road and border trade networks. Situmbeko Musokotwane, Minister of Finance and National Planning; Chipoka Mulenga, Minister of Commerce, Trade, and Industry; and Jignesh Soni, CEO of ZMart, signed the agreement, which includes plans to build a One-Stop Border Post. This will simplify border operations and streamline the flow of goods and services between Zambia and the Democratic Republic of the Congo.
The project will not only improve trade efficiency but also support the local economy through the development of township roads in Chililabombwe and Chingola, covering a span of 20 kilometers. These roads will enhance connectivity and accessibility for local businesses and residents, boosting the economic potential of the region.
Additionally, the project will create a comprehensive economic zone, including a 2,000-capacity truck park designed to accommodate the increasing volume of goods transported via the Kasumbalesa border. This infrastructure is critical for facilitating trade across the border, which is one of the busiest points of entry for goods into Zambia. The zone will also feature 300 shops, a hotel, a shopping mall, and a fire station, which will contribute to the creation of a thriving business environment in the area.
Minister Musokotwane highlighted the broader economic implications of the project, stating that Zambia is set to experience a significant economic boost starting next year, largely driven by the revival of the mining sector and an improved investment climate fostered by the government. The development of Kasumbalesa and surrounding areas is expected to be a catalyst for further economic growth, providing both infrastructure and job opportunities in the region.
ZMart’s participation in this enormous project demonstrates the growing interest in Zambia as a place to invest. The Kasumbalesa development is in line with the government’s long-term objectives of enhancing the nation’s infrastructure and fostering an atmosphere that encourages corporate growth. Zambia is setting itself up for expansion with these significant infrastructural improvements, guaranteeing its continued status as a regional center for investment and trade.
