In a bid to boost regional trade coordination and reduce trade costs, Malawi and Mozambique are enhancing their ties through the Southern Africa Trade and Connectivity Project (SATCP).
The project, funded by the World Bank to the tune of $ 150 million, aims to increase regional trade coordination, reduce trade costs and time, develop regional value chains, and improve access to infrastructure.
In an interview, Mozambique SEPROF consultant Domingos Diongo has expressed satisfaction with the progress of the Last Mile Infrastructure project in Malawi.
Diongo emphasized the need to align the project in both countries to avoid duplication of efforts and simplify trade and connectivity.
The Last Mile Infrastructure project aims to support Malawi and Mozambique in increasing regional trade coordination, reducing trade costs and time, developing regional value chains, and improving access to infrastructure.
By achieving these objectives, the project is expected to promote development, improve economic industries, and increase private sector activities along targeted corridors.
In his remarks, Communications Specialist for SATCP Joab Chakhaza noted that Malawi is ahead of Mozambique in project implementation.
Chakhaza emphasized the importance of enhancing communication and interaction within the countries to amplify trade and connectivity, which will improve development and economic industries.
The SATCP project is part of a broader effort to promote regional integration and trade facilitation in Southern Africa.
The project is expected to benefit Malawi and Mozambique by increasing regional trade coordination, reducing trade costs, and improving access to infrastructure.
