Italy pledges €320 million for development of Lobito Corridor project linking Zambia, DRC, Angola

The Italian government has pledged to mobilise resources amounting to €320 million for the development of the Lobito Corridor project linking Zambia, Angola and the Democratic Republic of Congo (DRC).

Stefano Gatti, Director General for Development at the Italian Ministry of Foreign Affairs Cooperation, announced Italy’s commitment during a meeting with President Hakainde Hichilema at State House in Lusaka on Thursday.

Gatti emphasized Italy’s interest in working with Zambia to develop the corridor in a sustainable manner, promoting growth and environmental sustainability.

“Italy has launched a major drive in Africa, expanding its priority countries for development cooperation to 23, with Zambia included,” Gatti said.

He highlighted Italy’s significant climate fund of €4.4 billion, earmarked for supporting climate-related projects in Zambia.

“Additionally, Italy has already mobilized €500,000 to support Zambia’s drought response efforts,” Gatti added.

Gatti reiterated Italy’s commitment to mobilizing resources amounting to €320 million for various projects and programs in Africa, focusing on infrastructure development, energy, and agriculture.

President Hichilema welcomed Italy’s pledge and emphasized the strategic importance of the Lobito corridor in enhancing regional trade, connectivity, and economic growth.

“I also acknowledge various collaborative projects in engineering, energy, agriculture, and water management, showcasing the strong historical bond between Italy and Zambia,” Hichilema stated.

He appreciated Italy’s support for Africa’s development, particularly through initiatives like the “Mattei Plan” for Africa, and suggested enhancing bilateral relations through a structured action plan with clear progress-tracking mechanisms.

“There is a need to establish a more organized approach to managing projects, including completed, ongoing, and planned initiatives, using a matrix for monitoring progress, reporting, and ensuring accountability,” Hichilema concluded.

WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.