Africa News - page 2


China's Xinxing to Invest $2 Billion in Suez Canal Economic Zone

Mar 23, 2023

Chinese company Xinxing Ductile Iron Pipes intends to invest $2 billion in iron and steel plants in the Suez Canal Economic Zone, Egypt's cabinet said on Thursday.The plants are planned in an industrial zone at the Egyptian Red Sea port of Ain Sokhna developed by China's Tianjin…

AD Ports Inks Deal to Develop and Operate Egypt's Safaga Port

Mar 22, 2023

UAE-based AD Ports Group announced the signing of a concession agreement to develop and operate a multi-purpose port in Safaga in Egypt, in addition to signing of two 15-year agreements, a Memorandum of Understanding (MoU) and three Head of…

AD Ports Inks Deal with Republic of the Congo for New Multipurpose Terminal

Mar 17, 2023

UAE-based AD Ports Group said it  has signed a head of terms with the Ministry of International Cooperation and Promotion of Public Private Partnership of the Republic of Congo, for a new multipurpose terminal in Pointe-Noire in the Republic of Congo…

CK Hutchison to Invest $700M in Two Major Egyptian Ports

Mar 16, 2023

CK Hutchison Holdings port unit said on Thursday it would invest about $700 million in two major Egyptian ports, bringing its total investment in the country to more than $1.5 billion.Hutchison Ports said it would invest in the development of…

Nigeria Opens 'Game Changer' Billion-dollar Deep Seaport

Jan 25, 2023

Nigeria opened a billion-dollar Chinese-built deep seaport in Lagos on Monday, which is expected to ease congestion at the country's ports and help it become an African hub for transshipment, handling cargoes in transit for other destinations…

Nigeria’s New Lekki Port Doubles Cargo Capacity

Jan 23, 2023

Three-quarters of the world is covered by water and up to 90% of world trade is seaborne. Seaports and shipping are critical to the conduct of global trade.Africa has relatively few natural harbours that offer shelter and are deep enough to take big vessels…

AD Ports to Develop Maritime Infrastructure in Angola

Jan 20, 2023

AD Ports Group entered into a framework agreement with the Ministry of Transport of the Republic of Angola to begin collaboration on the development of maritime services and infrastructure across the country.The group has also entered into a…

MSC Group Completes Purchase of Bolloré Africa Logistics

Dec 21, 2022

French conglomerate Bollore, run by the family of billionaire Vincent Bollore, said on Wednesday it had completed the sale of its Bolloré Africa Logistics arm to shipping company MSC Group.The Bolloré company added the transaction was on the basis of a 5…

Africa’s Ports Race Creates Pathways for Plunder

Dec 19, 2022

Ports have long been integral to Africa’s connectivity with the rest of the world. Yet over the last 15 years, a new stage in maritime infrastructure planning and development has begun. Between 2004 and 2019, over US$50 billion was spent on…

AD Ports Inks Deal to Develop and Operate Ports on Sudan

Dec 13, 2022

A consortium led by AD Ports Group and Invictus Investment has signed a Heads of Terms agreement with the Government of the Republic of Sudan that provides them with the right to develop, manage, and operate port and economic zone assets in Sudan…

DP World to Upgrade Port of Bosaso

Dec 08, 2022

DP World and Somalia’s Government of Puntland on Thursday signed a construction agreement for expansion and upgrade work at the Port of Bosaso.The 12-month project, which is expected to start in early 2023, will include the development of a 150-meter quay…

AD Ports Aims to Address Maritime Infrastructure Gaps Across Africa

Dec 07, 2022

Abu Dhabi based AD Ports Group announced it has signed a collaboration agreement with the Africa Finance Corporation (FC) to address infrastructure gaps across the continent.The agreement provides the basis for the two organizations to join forces on identifying…

Egypt Seizes 18 Million Narcotic Tabs in Alexandria Port

Nov 21, 2022

Egyptian authorities seized more than 18 million narcotic tabs hidden in three containers in the Mediterranean seaport of Alexandria, the interior ministry said on Monday.The 34-tonne cargo was on board a ship that docked at the northern port in transit before departing to an unspecified country…

Suez Canal Inks $500 Million Deal for Container Terminal

Nov 16, 2022

Egypt's Suez Canal Economic Zone (SCZONE) on Tuesday announced it signed a $500 million contract with the Suez Canal Container Company (SCCT) to establish a second container handling terminal in East Port Said.The project will expand the existing SCCT’s Container Terminal at Port Said East Port…

Svitzer Promotes Two Senior Leaders

Oct 27, 2022

Svitzer, the towage arm of Danish shipping giant A.P. Moller-Maersk, announced two senior leadership appointments: Kasper Karlsen as Global Chief Operating Officer and Deniz Kirdar True as Managing Director in the AMEA region.Karlsen has held different leadership positions in the A…

Logistics News

US LNG Exports Through Panama Canal Shrink, Asia-Europe Spreads Widen

US LNG Exports Through Panama Canal Shrink, Asia-Europe Spreads Widen

OpEd: Shipping Seeks Safe Waters in Era of Deadly Geopolitics

OpEd: Shipping Seeks Safe Waters in Era of Deadly Geopolitics

Bangladesh Puts to use China-built Crude Oil Offloading Facility

Bangladesh Puts to use China-built Crude Oil Offloading Facility

Maersk to Deploy First Large Methanol-Enabled Vessel on AE Trade

Maersk to Deploy First Large Methanol-Enabled Vessel on AE Trade

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