United States commits to advancing regional economic development
DAR ES SALAAM: THE United States government has pledged to enhance regional integration and sustainable economic development in Tanzania and neighbouring countries.
This commitment was announced by Ms Helaina Matza, the US Acting Special Coordinator for the Partnership for Global Infrastructure and Investment (PGI), during a virtual Digital Press Briefing on Thursday.
Ms Matza’s remarks followed her visit to the Democratic Republic of the Congo (DRC) and Tanzania from August 21-28, where she explored opportunities to expand the Lobito Corridor.
This initiative aims to connect the DRC and Tanzania, facilitating a Trans-Africa Corridor that links the Atlantic Ocean to the Indian Ocean.
“The mission of this trip is to expand the Trans-Africa Corridor, re-launch our partnership with the DRC and engage with the Tanzanian government and private sector,” said Ms Matza.
She emphasised that the corridor is not just about infrastructure but about shaping the region’s future. Ms Matza highlighted the PGI’s focus on fostering high-quality, sustainable infrastructure projects that drive economic growth, create jobs and enhance trade.
She noted that the initiative emphasises transparency and good governance while aiming to spur investments in agriculture, digital connectivity, food security and clean energy.
She underlined the significance of addressing local needs and improving trade logistics. For example, reducing transit times from 45 days to 36 hours could significantly open markets for Tanzanian agribusinesses.
“To achieve this in Tanzania, we are collaborating with the government, regional stakeholders and the private sector to gain a deeper understanding of local needs and how best to extend the Trans-Africa Corridor,” she said.
During her visit, Ms Matza also announced a partnership with Life zone Metals to support a new nickel project in Tanzania, including the development of a special economic zone.
She outlined President Biden’s commitment to supporting the Lobito Corridor, a project initiated by the presidents of Angola, DRC and Zambia.
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“This effort aligns with the African Union’s Agenda 2063 and the Southern African Development Community (SADC) priorities, promoting regional transport connectivity,” Ms Matza said.
“The Trans-Africa Corridor capitalises on the continent’s shared drive for greater integration and prosperity. We aim to support this effort, leg by leg.”
