Zambia's transit volumes via Namibia's Walvis Bay Port increase significantly
Transit volumes for Zambia via Namibia's Port of Walvis Bay grew by 15 percent over the last financial year, reaching a new high of more than 40,000 tonnes for September 2017, according to Walvis Bay Corridor Group (WBCG) CEO, Johny Smith.
Through the recent figures, it is evident of the growing confidence on the Walvis Bay-Ndola-Lubumbashi Development Corridor (WBCNLDC), especially the Zambian market, Smith said Wednesday.
According to Smith, since the inception of this route more than a decade ago, the Zambian market has achieved a better balance between imports and exports, which has also reduced the costs on the corridor over time.
"A variety of commodities have been established over a period of time to support the balance of imports and exports via the Port of Walvis Bay for the Zambian Market," he said.
Apart from the increase for the Zambian market, Smith said the Malawian market has enjoyed an increase of more than 50 percent, against the previous year.
Currently the corridor which stretches over 2,500 km, links the Port of Walvis Bay with Zambia, the southern Democratic Republic of the Congo (DRC) and Zimbabwe. The Corridor runs via the Zambezi Region in northeastern Namibia and enters Zambia via the Katima Mulilo Bridge.