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Article: Zambia's economy back on the rails: Zambia's economy seems finally to have turned the corner. Economic growth has been better than forecast, a large chunk of external debt has been cancelled and a new railway link with Angola will help boost exports. Report by Neil Ford.(ZAMBIA)
- Article from:
- African Business
- Article date:
- July 1, 2005
- Author:
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The Zambian government is attempting to build on the recent debt agreement by investing in new transport links. Although a planned rail outlet to the sea will not provide copper mining companies with another export option, it should help to strengthen trade within the wider Southern African Development Community (SADC) region. Coming on top of good news on economic growth, the debt and rail agreements help to confirm the feeling that the Zambian economy is finally heading in the right direction.
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An initial deal has been signed to build a railway from Chingola to Solwezi in Zambia, but the eventual aim of Northwest Railways is to ...