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SENEGAL: THE ISLAMIC DEVELOPMENT BANK FINANCES THE CONSTRUCTION OF THE DAKAR-TIVAOUANE-SAINT LOUIS HIGHWAY FOR AN AMOUNT OF 238 MILLION EUROS

April 19, 2022April 19, 2022 logistafrica

On Sunday 17 April 2022, the Government of Senegal and the Islamic Development Bank signed a financing agreement in Jeddah, Saudi Arabia, for the Dakar-Tivaouane-Saint Louis motorway construction project. The Islamic Development Bank is contributing 238 million euros to the construction of the motorway, which will link Dakar to Saint Louis and is about 200 km long. This motorway will pass through Lac Rose, which is home to the new city designed to relieve Dakar’s congestion and will be the capital’s second gateway to and from the northern cities. Eventually,…

BOLLORÉ TRANSPORT & LOGISTICS BENIN TRANSPORTS SIX ELECTRICAL TRANSFORMERS UNDER THE COMPACT II PROGRAMME

April 13, 2022April 13, 2022 logistafrica

From 26 February to 30 March 2022, Bolloré Transport & Logistics Benin teams transported six electrical transformers weighing a total of 464 tonnes to equip numerous thermal power stations in Benin. This operation was carried out on behalf of GE/GRID Solution, a local subsidiary of General Electric, under the Compact II programme represented by the Millennium Challenge Account (MCA). Shipped by container from Turkey, the equipment was received at the Port of Cotonou before being transported by road over a cumulative distance of 887 km. Of the six transformers, two…

COMOROS: AFRICAN DEVELOPMENT FUND COMMITS $21.6 MILLION TO UPGRADE NATIONAL ROAD NETWORK

April 4, 2022April 4, 2022 logistafrica

The Board of Directors of the African Development Fund approved on Thursday in Abidjan $21.6 million in grants for the third phase of the National Road Network Rehabilitation Program in the Union of Comoros. The grants comprise $14.1 million from the African Development Fund, the concessional window of the African Development Bank Group, and $7.5 million from the Transition Support Facility, a special purpose entity within the Bank Group that provides funding complementary to its other instruments. The project’s third phase will focus on improving the RN2 (Ourovéni-Foumbouni) in Grand…

Egypt, Tunisia seek to boost transport cooperation

March 31, 2022March 31, 2022 logistafrica

The transport ministers of Egypt and Tunisia have agreed on boosting cooperation and exchanging expertise to achieve best interests of their countries. Egypt’s Kamel el Wazir, in a meeting with his Tunisian counterpart Rabie al Mejidi via video conference on Tuesday 29/3/2022, discussed proposals to enhance cooperation in the field of maritime transport, whether through navigation lines between the two Arab countries or between Egypt and Europe through Tunisia. The meeting also took up cooperation among navigation companies in the two Arab countries to offer shipping and logistics services at…

DP WORLD LAUNCHES E-COMMERCE PLATFORM DUBUY.COM IN TANZANIA

March 30, 2022March 30, 2022 logistafrica

A part of the leading global logistics provider DP World, DUBUY.com opens a new digital trade corridor for Tanzania and the East Africa region The wholesale platform brings efficient, reliable B2B eCommerce to Tanzania, enabling market access for businesses of all sizes Uniquely, the new digital trading corridors created by DUBUY.com will be supported by the physical corridors DP World has built across the African continent, including ports, terminals, and logistics operations DP World today announces the launch of its wholesale e-commerce platform DUBUY.com in Tanzania. The online marketplace will…

INAUGURATION OF THE LONGEST BRIDGE IN SENEGAL, THE LARGE TOLL BRIDGE OF FOUNDIOUGNE, NAMED NELSON MANDELA

March 27, 2022March 27, 2022 logistafrica

This Saturday, March 26, 2022, the President of the Republic of Senegal, Macky Sall, accompanied by the Ambassador of the People’s Republic of China, China Xiao, and the Minister in charge of infrastructure, Mansour Faye, proceeded to the inauguration of the large toll bridge of Foundiougne. The 1.3 km long infrastructure that crosses the Saloum River in the commune of Foundiougne in the west of the country, was financed to the tune of 45 billion CFA francs (about 77 million USD) by the State of Senegal and Eximbank of China.…

THE AFRICA INVESTMENT FORUM: CATALYZING FINANCING FOR GAME-CHANGING ABIDJAN-LAGOS HIGHWAY PROJECT

March 22, 2022March 22, 2022 logistafrica

The construction of the 1,081-kilometer Abidjan-Lagos highway will have a significant impact on the economies of five West African countries – Côte d’Ivoire, Ghana, Togo, Benin and Nigeria. Valued at $15.6 billion and led by the Economic Commission of West African States, this transformative public-private partnership project was the largest investment opportunity showcased at the Africa Investment Forum virtual boardrooms held from 15 to 17 March 2022. The Africa Investment Forum is a transactional, multi-stakeholder and multi-disciplinary platform that raises capital for large-scale investments in Africa. In advance of the…

MERIDIAM SIGNS THE CONTRACT FOR THE FIRST ELECTRIC BUS IN AFRICA IN DAKAR

March 22, 2022March 22, 2022 logistafrica

Meridiam has just signed the concession contract for the Bus Rapid Transit (BRT) project in Dakar. This project, that Meridiam will implement with its partners Keolis and Fonsis is the first of its kind in Africa[1], and represents a total investment of more than €135 million. It includes the operation and maintenance for 15 years of this new clean public transport network, entirely dedicated to 100% electric buses. It is expected to be operational in the summer of 2023. This project will create about 1000 direct and local jobs, with…

eWAKA OFFICIALLY LAUNCHES GREEN RESPONSE TO AFRICA’S EXPANDING TRANSPORTATION REQUIREMENTS

March 18, 2022March 18, 2022 logistafrica

Fund Raising Effort Underway to Develop Local African Assembly Facility and to Further Expand Robust IT Capabilities eWAKA (eWAKA.tech), Africa’s new market entrant that is spearheading sustainable mobility options to enhance the region’s economic prospects, today officially launched a green response to Africa’s expanding transportation requirements. eWAKA is currently fund raising to develop a local African assembly facility and to further expand the existing IT capabilities for increased client security and improved operating performance of their transportation vehicles. eWAKA offering consists of a comprehensive line of electric vehicles for multiple customer…

SOUTH AFRICAN CIVIL AVIATION AUTHORITY CONFIRMS THE INDEFINITE SUSPENSION OF COMAIR’S AIR OPERATOR CERTIFICATE

March 14, 2022March 14, 2022 logistafrica

Following the 24hour precautionary suspension of Comair PTY Ltd.’s Air Operator Certificate (AOC) privileges on Saturday morning 12 March 2022, the South African Civil Aviation Authority (SACAA) confirms that the AOC is now indefinitely suspended pending the Operator addressing all the findings as communicated by the Regulator on Saturday morning. The SACAA recognises the efforts of the Operator to close the findings as speedily as possible and in this regard the Operator started dispatching the evidence to the Regulator from the evening of Saturday 12 March 2022. The inspectorate team…