The President of Tanzania, Samia Suluhu Hassan, recently visited Angola for a 72-hour state visit, marking a significant step in strengthening the relationship between the two nations. This visit highlights the growing partnership between Angola and Tanzania, with a focus on economic, social, scientific, technical, and cultural cooperation.
Key Areas of Cooperation
- Energy and Infrastructure: The two countries have signed memoranda of understanding in the areas of oil and gas, visa exemption, and health. The Lobito Corridor project, a key initiative, aims to connect Angola's Atlantic coast to the Indian Ocean via rail, boosting intra-African trade and regional economic development.
- Trade and Investment: The Lobito Corridor Investment Promotion Authority (LCIPA) was established to facilitate trade and investment among Angola, the Democratic Republic of Congo, and Zambia. The project has received significant funding, including a $553 million loan from the US International Development Finance Corporation (DFC).
- Health and Education: The cooperation agreement in the health sector focuses on human resource development, knowledge sharing, and public health research. This partnership will likely enhance healthcare services and promote medical research in both countries.
Recent Developments
- Lobito Corridor Summit: In December 2024, a summit was held in Benguela, attended by the presidents of Angola, the United States, the Democratic Republic of Congo, Zambia, and Tanzania's vice-president. The summit focused on the Lobito Corridor project and its potential to transform regional trade and economic development.
- Funding and Investment: The Southern African Power Pool (SAPP) and Climate Fund Managers launched the Regional Transmission Infrastructure Financing Facility (RTIFF), a $1.3 billion fund aimed at developing high-voltage transmission lines in southern Africa, including a connection between Tanzania and Zambia.
Future Prospects
The growing partnership between Angola and Tanzania holds significant potential for economic growth, regional development, and improved living standards. As the two nations continue to strengthen their ties, we can expect increased cooperation in various sectors, including energy, trade, health, and education. With major investments and funding commitments in place, the Lobito Corridor project is poised to become a game-changer for regional economic development.
