Namibia has agreed to cancel half of Zambia’s longstanding $700,000 debt related to the Walvis Bay dry port facility.

Zambia has struggled with this obligation for many years, which stems from efforts to maintain its dry port operations in Namibia.

Transport and Logistics Minister Frank Tayali emphasized the importance of setting up a Permanent Corridor Secretariat with a defined governance structure and sustainable funding. He made the remarks during a courtesy visit by Namibia’s Minister of Works and Transport, Veikko Nekundi.

Mr. Tayali explained that such a body would improve coordination, attract private sector involvement, track performance, and ensure alignment with regional policies.

In response, Mr. Nekundi highlighted the need for the two nations to strengthen trade by improving the movement of goods and services. He noted that the historical ties between Namibia and Zambia oblige them to continue supporting one another in various areas of development, stressing the importance of ongoing collaboration.