Zambia wasn’t to grow its export portfolio to the Democratic Republic of Congo (DRC), which is a strategic partner in the promotion of trade.
Minister of Foreign Affairs and International Relations Stanley Kakubo said it is strange that there are some countries in the region that do not share a borderline with DRC but do more business with the country.
“We are looking at supplying DRC commodities made in Zambia using what we call forward contracts. We are talking wheat, we are not keen on exporting maize, we want to process it into maize meal and export mealie maize.” Said Mr. Kakubo.
“Our current exports to DRC include cement, electricity, and sulphuric acid which we supply to the mining sector here. But we want to grow that portfolio to ensure, for instance, we know that the DRC gets its beef from USA and we think we could cut their costs and increase our trade by bringing our beef here.
“Mr. Kakubo accompanied President Hakainde Hichilema to the DRC Africa business forum which opened yesterday. The theme of the business forum is “Fostering the development of car battery, electric vehicle and renewable energy industry value chain and market in Africa.”
Mr. Kakubo said the issue of electric vehicles is an interesting prospect for Zambia. He said the cou8ntry needs to position itself to benefit from electric vehicles and renewable energy value chains.
“To look into some of these things, you need interventions at heights level. That’s why the DRC and Zambia’s presidents need to speak. We are looking at possibilities of closer cooperation with the DRC in terms of pushing for business that supports the two countries,” Mr. Kakubo said.