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The Zambian government has begun reviewing Electric Vehicle (EV) industry regulations to maximise the benefits of the Lobito Corridor project, which links Angola, the Democratic Republic of Congo (DRC), and Zambia.
Minister of Transport and Logistics Frank Tayali said the corridor is central to Zambia’s economic transformation, positioning the country as a key hub for EV battery production and vehicle assembly.
Speaking during a stakeholder panel discussion on the Lobito Corridor project in South Africa on Sunday, Tayali highlighted the corridor’s role in facilitating efficient trade between Angola’s Lobito port, the mineral-rich DRC, and Zambia’s Copperbelt Province.
“The minerals in these areas are critical for the energy transition, and the corridor presents an opportunity for mutually beneficial trade between Africa, the Americas, and Europe,” he said.
Tayali expects increased mining investments, making the corridor a catalyst for economic growth and regional integration. He added that this would create jobs and contribute to poverty alleviation.
“Zambia and DRC have signed an MoU to leverage critical minerals for the EV industry, establishing Africa’s largest EV battery industry,” he said.
As part of this strategy, Zambia has set up an industrial park in the Copperbelt for EV battery production and vehicle assembly.
Tayali emphasized that the Lobito Rail Development Project aligns with the government’s vision of transforming Zambia into a regional transport and logistics hub.
“This Greenfield railway project will provide faster and easier access to the Lobito port, enhancing Zambia’s trade links with Western markets,” he said.
He also positioned Zambia as a prime destination for foreign direct investment (FDI), citing its political stability, favorable tax policies, skilled workforce, and strong financial and legal systems.
Tayali urged investors to capitalize on Zambia’s natural resources, including land, minerals, and water, as well as the country’s progressive banking, legal, and insurance sectors, which meet international standards.
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