Port

TRANSNET PLANS TO INVEST N$44BILLION IN TWO PORT OVER FIVE YEARS IN NAMIBIA

Posted on by Gambeta News
TRANSNET PLANS TO INVEST N$44BILLION IN TWO PORT OVER FIVE YEARS IN NAMIBIA

South Africa’s state-owned logistics company Transnet plans to invest N$44 billion into its two port divisions over the next five years and aims to turn Durban into a “world-class” hub for container shipping. The rail, port, and pipeline company, damaged by years of corruption, mismanagement, and infrastructure in a state of disrepair, has turned a corner. Transnet recently posted a profit of N$5 billion for the year ended March 20222, swinging sharply upwards from a…

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TANZANIA’s ZPC TO INVEST IN PORT INFRASTRUCTURE

Posted on by Gambeta News
TANZANIA’s ZPC TO INVEST IN PORT INFRASTRUCTURE

ZANZIBAR Ports Corporation (ZPC), has invested 8bn for the port development. The fund will enhance service efficiency in passenger and cargo handling at its ports. According to Infrastructure, Communication and Transport Minister Dr Sira Ubwa Mamboya, ” the corporation is finalising procurement procedures for the purchase of one reach stacker, one tractor, one semitrailer and one winch truck”. She also said the corporation has strengthened its infrastructure under a 1.28bn/- project to install cathodic protection…

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RWANDA GOVT. SIGN DEAL WITH NETHERLANDS FOR PORT CONSTRUCTION

Posted on by Gambeta News
RWANDA GOVT. SIGN DEAL WITH NETHERLANDS FOR PORT CONSTRUCTION

Government of Rwanda sign grant with Netherland for port construction at Lake Kivu Plans are in motion for the construction of four ports at Lake Kivu. This was announced by Rwanda Ministry of Finance and Economic Planning (MINECOFIN) via its official twitter handle. The project will have a grant agreement that was signed between the government and Netherlands. According to the grants, Netherland will co-finance 45% of the fund needed to construct the project. Today…

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QATAR TO INVEST IN SOMALIA PORT

Posted on by Gambeta News
QATAR TO INVEST IN SOMALIA PORT

Qatar representatives meet with Somalia’s prime minister over plans to build a new seaport in Hobyo, Somalia. The Qatari group arrived in Mogadishu, the capital, on Monday and is led by Deputy Prime Minister and Minister of Foreign Affairs H E Sheikh Mohamed bin Abdulrahman Al Thani In a press conference following the meeting, the Ministry of Transportation and Communications said Qatar Ports Management Company will enter an investment partnership with Somalia to build the…

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PLAN UNDERWAY FOR EXPANSION OF DUBE TRADE PORT (DTP SEZ) IN SOUTH AFRICA

Posted on by Gambeta News
PLAN UNDERWAY FOR EXPANSION OF DUBE TRADE PORT (DTP SEZ) IN SOUTH AFRICA

Expansion of Dube Trade Port Special Economic Zone (DTP SEZ) phase II in motion worth R18 billion The Expansion of Dube Trade Port is underway in South Africa. This is after funds worth R18 billion investment was unveiled as part of the second phase for Dube Trade Port Special Economic Zone (DTP SEZ). The second phase of the DTP SEZ will bring an additional 45 hectares of prime light industrial land within the port. Meanwhile, the port is one of two Special…

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JAPAN SET TO CONSTRUCT FISHING PORT IN LIBERIA

Posted on by Gambeta News
JAPAN SET TO CONSTRUCT FISHING PORT IN LIBERIA

Plans underway for the construction of a fishing port in Buchanan city as delegates arrives Liberia Fishery is part of Liberian way of getting funds but over the last years the nation has loss huge revenues. This is because the nation does not have a good place to store its fish. Meanwhile, it is due to the fact that Liberia fishing pier lacks the capacity to take in more vessels. Therefore, as a means to ensure…

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ETHIOPIA TO OBTAIN PART OF DJIBOUTI PORT

Posted on by Gambeta News
ETHIOPIA TO OBTAIN PART OF DJIBOUTI PORT

Ethiopia to acquire part of Djibouti’s port. Djibouti have reach an agreement with Ethiopia concerning the acquisition of part of its port by Ethiopia. This agreement comes after Djibouti on its own invalidated a contract with the United Arab Emirates’ giant Dubai Ports World (DP) two(2) months ago. According to Ethiopian Minister of Transportation Ahmed Shide, determination of the percentage apportioned is till ongoing. As experts are still assessing the value and profit margins of the port. Both parties…

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BURKINA FASO-GHANA TO STRENGTHEN TRADE TIES

Posted on by Gambeta News
BURKINA FASO-GHANA TO STRENGTHEN TRADE TIES

GPHA seeking improved trade relationship with Burkina Faso. During a week long trade mission to Burkina Faso’s capital, Ouagadougou, organised by Ghana Ports and Harbours Authority (GPHA), which is aimed at increasing transit traffic between Ghana and Burkina Faso (who are Ghana’s biggest transit trade partner). Some concerns which need addressing were raised; Aiming at removing repetitive custom procedures at Ghanaian borders, Burkina Faso’s Customs are requesting to integrate its systems with those of its Ghanaian counterparts. This…

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Gabon commissions new port

Posted on by Gambeta News
Gabon commissions new port

Gabon commissions new port to accommodate more vessels. In a bid to revamp its ports, Gabon have commissioned a new port harbor which is estimated to have cost US$ 300 million. The port which took about 18 months to complete and was constructed in partnership with a Singapore company Olam Group and to be partly managed by Bolloré, a french logistics company, is part of a project aimed at modernizing the country’s existing Owendo port…

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