New facility will be a game changer in the Horn of Africa, reducing logistics costs for a key commodity and creating vital local jobs Initial phase of terminal already leased on long-term basis to a major business read more on maritimafrica.com
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( Ecofin Agency) – The country is seeking to create new rail links to densify its network in order to facilitate freight transport, mass transport, and limit the deterioration of roads. Algeria plans to build a 1,000 km railway network to facilitate the evacuation of iron ore from its Gâra Djebilet mine, located in the western province of Tindouf, Algeria Presse Service reported. The railroad will link the mine to Bechar, a province in the northwest of the country. “Technical teams of the National Agency for Studies and Monitoring of…
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Germany will support Kenya in its attempt to better penetrate the European Union market. Chancellor of Germany Olaf Scholz said Kenya is a true friend and stable country in Africa whose economy must be helped to thrive. “The better access to Europe will help Kenyan firms to produce and sell more. This will accelerate employment creation and support more lives,” he said. He was addressing the media on Tuesday at his office in Bundeskanzleramt in Berlin after talks with President William Ruto. We value the role that Germany has…
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West Africa Container Terminal (WACT) recently commissioned 16 brand new Terminal Trucks, to boost efficiency and cargo handling operations at the Onne Port, Rivers State, Nigeria. With the acquisition and commissioning of the new terminal trucks, WACT now boasts of 36 terminal trucks deployed into its operations read more on Maritimafrica
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LAGOS, Nigeria, March 28, 2023/APO Group/ — Fez Delivery (https://FezDelivery.co/), a leading logistics and delivery company, announced its $1 million seed round today. Ventures Platform led the funding round, with participation from Voltron Capital, Acasia Ventures (formerly Cairo Angels), and other angel investors. This funding announcement follows Fez Delivery’s acceptance as one of the only two logistics companies in Nigeria to have received investment from Techstars Toronto, an elite global tech accelerator. Fez Delivery was founded in 2020 by Seun Alley, as a pivot from her previous company which offered janitorial…
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Ethiopia and Djibouti reached an agreement (23 March 2023) on the completion of a road that links the two countries. The 35 kilometer road between Galamo and Moloud will enable the smooth circulation of vehicles and cargo, enhancing transportation between the two countries. The agreement ensures that the Galamo-Moloud road will be completed within a year, with appropriate payments being provided to the Ethiopian Construction Works Corporation (ECWC). The agreement was reached during the visit of H.E. Dr. Alemu Simie, Minister of Transport and Logistics to Djibouti. During the visit,…
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What is Barycenter or center of gravity? Discover in our dictionary this week, this concept and what it implies in a practical way. Download and read the dictionary-barycenter Have a great week
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Dakar, March 24 (APS) – Work on the construction of the Bus rapid transit (BRT) “has made great progress”, welcomed, on Friday, the Minister of Infrastructure, Land Transport and Opening up, Mansour Faye, stressing that the commercial operation is planned for the ”last quarter” of the year. ”The observation is that the work has progressed well. We have noticed that the general traffic lanes have been practically all freed up. The workers are under construction at the stations”, declared the minister, who said he hoped that ”the delivery of the infrastructure as…
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Dar es Salaam, 21 March 2023 – Partners of the EU-funded project SOLUTIONSplus, the Africa Support and Investment Platform for E-mobility led by UNEP and TUMI E-bus Mission have teamed up to organize the first E-Mobility Forum in Dar es Salaam, from 20 to 24 March 2023. The Forum provides a first-of-its-kind platform gathering the Tanzanian government, representatives from 17 African countries, e-mobility companies, research institutes, financiers, international institutions, and development organisations. The Tanzania E-mobility Day and the Africa Support and Investment Platform for E-Mobility were opened by Hon. Amos…
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On the sidelines of the 55th session of the Economic Commission for Africa in Addis Ababa, Ethiopia, the ECA communication team interviewed Stephen Karingi, Director of the Regional Integration and Trade Division on the progress of the African Continental Free Trade Area (AfCFTA), three years since its launch. At what stage are countries on the AfCFTA? We are in the trading stage where money is being made and the private sector is taking advantage of the opportunity the AfCFTA has offered. For example, value added coffee has been traded from…
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