Category: Namibia

AGL to Invest $43 Million in Namibia to Support Energy Industries and Boost Infrastructure

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Africa Global Logistics (AGL), a unit of Mediterranean Shipping Company (MSC), has announced a $43 million investment in Namibia by 2030. This ambitious project demonstrates AGL’s strategic commitment to expanding logistics and energy infrastructure in Southern Africa, a region experiencing growing demand for fossil fuels and renewable energy. Investment Objectives AGL’s investment will focus on the oil, gas, and renewable energy sectors. This project includes the construction of a new warehouse in Walvis Bay and additional logistics infrastructure in Lüderitz, two strategic locations for importing renewable energy equipment and supporting…

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Afreximbank to Host 2024 Trade Finance Seminar and Factoring Workshop in Windhoek, Namibia

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The event will address critical trade finance trends, tools and offer training in innovative strategies to bolster Africa’s trade ecosystem African bankers, financiers, legal practitioners, insurers, and professionals from regulatory agencies and corporates, from across the African continent involved in trade finance will gather in Windhoek, Namibia, from 5 to 8 November for the annual Afreximbank Trade Finance Seminar (ATFS) and Factoring Workshop (https://ATFS2024.AfreximbankEvents.com). The event will address critical trade finance trends, tools and offer training in innovative strategies to bolster Africa’s trade ecosystem. Mr. Titus Ndove, Executive Director, Ministry of…

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Namibia: African Development Bank approves $196 million loan to modernize railway infrastructure

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The loan, approved on 31 October 2023, represents 51.8 percent of the project’s total cost The Board of Directors of the African Development Bank Group has approved a loan of $196.43 million for Namibia to implement the second phase of its Transport Infrastructure Improvement Project (TIIP).   The loan, approved on 31 October 2023, represents 51.8 percent of the project’s total cost. The Namibian government will provide the remaining 48.2 percent. The project aligns with Namibia’s long-term Vision 2030 to the country’s Namibia’s logistics value chain by tackling railway infrastructure…

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MSC Boosts Connections Between Angola, Namibia and Their Key Trade Markets

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As part of MSC’s decision to expand its Sub Saharan Africa network, the company is reshuffling its Angola service, offering Pointe-Noire, Congo Republic (CR), and Matadi, Democratic Republic of Congo (DRC), as from January 2023. Offering Pointe-Noire on the Angola service will represent a significant advantage for Asia and India markets in the region. The Congolese port will serve as a key transshipment hub for cargo destinated to Angola and Namibia. Stopping the tranship via Lomé will reduce by 11 days the transit time to the main Angolan port of…

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NAMPORT INVESTS CLOSE TO 17 MILLION NAMIBIAN DOLLARS IN NEW CARGO HANDLING EQUIPMENT

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The Namibian Ports Authority today commissioned 2 Reach Stackers and 4 forklifts, a development that is sure to provide satisfaction to all affected stakeholders.  As it is Namport’s core business to handle cargo, the acquisition of these cargo handling equipment was a critical step on the company’s roadmap towards effective and efficient service delivery to its valued customers. The entity has set forth its strategic plan to underpin the achievement of its vision and drive to be the best performing seaports in Africa. Underlying the strategic plan are four strategic…

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