London 2nd December 2020:
Mpulungu Harbour Corporation Ltd (MHCL), which operates and manages the Mpulungu Harbour in Zambia (Harbour) and is owned by the Industrial Development Corporation Limited of Zambia and eleQtra Ltd announced today the signature of an MOU to develop a scheduled marine transport service on Lake Tanganyika (Project) that will boost trade flows between Zambia, Tanzania, Burundi, and the Democratic Republic of Congo. Under the terms of the Memorandum of Understanding signed on 21 November 2020, the Project secured berthing allocation rights based on a “First Planned, First Served” Protocol and the right to use designated laydown and staging areas and warehouses at the Harbour, with MHCL providing access to potential key stakeholders in the Project.
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