Southern African Trade and Connectivity Project (Malawi)
The nations of Malawi, Mozambique and Zambia have today inaugurated the upgraded Nacala Port facility that will improve regional trade and integration.
The colourful signing ceremony of the tripartite agreement was held at Nacala Port in Mozambique and attended by Excellencies Dr. Lazarus McCarthy Chakwera, President of Malawi, Filipe Jacinto Nyusi, President of the Republic of Mozambique and Hakainde Hichilema of Zambia.
The Nacala port is Malawi’s shortest and cheapest route and will serve as means of transporting commodities like fertiliser, fuel, pharmaceuticals, grain and consumer goods.
An improved port facility and the full operationalisation of the entire Nacala Development Corridor stands to improve Malawi’s trade competitiveness and economic growth.
The agreement is one of the products of the Southern Africa Trade Connectivity Project (SATCP)
