Zambia and Egypt are strengthening their economic ties, building on a long-standing bilateral relationship that dates back to 1965.
In February this year,the two governments signed over eight Memoranda of Understanding (MoUs) to boost cooperation in key sectors such as infrastructure, health, agriculture, tourism, and energy.
President Hakainde Hichilema emphasized the need to actualize these MoUs, saying, “We need to continue on the trajectory of economic development and partnerships.”
The Egyptian government has shown support for Zambia’s development, particularly in the pharmaceutical sector, where they’ve collaborated with the Ministry of Health and ZAMRA to increase the flow of Egyptian medicine and pharmaceuticals into the Zambian market.
Minister of Infrastructure, Housing and Urban Development, Charles Milupi, highlighted some exciting projects, saying, “A memorandum of understanding has been signed for a joint venture with a Zambian company, including plans to establish a concrete panel manufacturing facility and proposals for an expressway to ease congestion in urban areas.”
Some other projects in the pipeline include:
– Road Construction Projects
-Kabwe to Ngabwe road
-Rufunsa to Mlushi road
-Serenje-Petauke road
– Energy Sector Investment:Over $500 million investment with ZESCO
– Lobito Corridor Project:Potential to drive cross-border economic transformation in Africa
Ambassador Mayada Essam highlighted Egypt’s commitment to enhancing relationships with Zambia through tangible projects. The two nations are working together to leverage each other’s strengths and expertise, promoting economic growth and development.
Ministry Of Infrastructure,Housing and Urban Development Public Relations Unit
