AFREXIMBANK GRANTS A $100 MILLION CREDIT TO BOOST TRADE FLOWS TO AND FROM THE DRC

Afreximbank Accorde un Crédit Commercial de 100 Millions de Dollars à Rawbank en RDC

The African Export-Import Bank (Afreximbank) has signed a landmark agreement for a US$100-million trade finance facility with Rawbank, a leading commercial bank in the Democratic Republic of Congo (DRC). This significant deal aims to enhance trade flows into and out of the DRC, providing much-needed support for the country’s economic development. This facility, the largest trade finance agreement ever extended by Afreximbank to a commercial bank in the DRC, is expected to alleviate pressure on the country’s balance of payments. The facility utilizes the trade finance instruments offered by the…

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Gabon’s ANAC and Ethiopian Aviation University Partner to Boost Aviation Development

The Gabonese Civil Aviation Agency (ANAC) recently undertook a successful mission to the Ethiopian Aviation University (EAU) in Addis Ababa, Ethiopia. This mission aligns with a national campaign to raise awareness among Gabonese youth about aviation careers and develop technical and operational skills related to civil aviation. Strategic Partnership to Strengthen Skills Led by ANAC’s Director General and a delegation comprising aviation experts, the mission’s primary objective was to formalize a strategic partnership with EAU. This partnership aims to strengthen civil aviation skills in Gabon and support the country’s ambition…

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African Trade – The Report ‘A Resilient Africa: Delivering Growth in a Turbulent World,’ forecasts 3.8% growth in 2024 for African economies

Afreximbank, the African Export-Import Bank, launched on the 13th of june its African Trade Report 2024 and African Trade and Economic Outlook Report 2024 during the Afreximbank Annual Meetings (AAM) 2024 in Nassau, The Bahamas.   Titled ‘A Resilient Africa: Delivering Growth in a Turbulent World,’ the report provides an analysis of the economic environment, trade patterns, debt scenarios, and future projections for African economies. According to the report,  African economies will grow on average by 3.8% in 2024 – slightly ahead of predicted global growth of 3.2% – prior…

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Logidoo Launches New Europe – Africa Corridor to Strengthen Senegalese Market and Economic Prosperity

Dakar, Senegal  —  To achieve its goal of transforming cross-border trade between Europe and Africa, Logidoo, a leading pan-African logistics company, proudly announces the launch of a new logistics corridor, set to commence operations in June 2024. Partnering with Skynet for domestic operations and IRsalkom for cross-border logistics, this initiative aims to provide a seamless logistics experience for businesses, bolstering economic growth and market expansion for Senegalese  and African enterprises in line with the objectives of the African Continental Free Trade Area (AfCFTA).   Logidoo’s new corridor will significantly boost…

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Reload Logistics Unveils New Brand Identity and Major Expansions

The new brand embodies Reload’s commitment to constant innovation, ensuring clients receive the most efficient and forward-thinking solutions for their cargo Logistics, a leading provider of end-to-end supply chain solutions, proudly unveils its new brand identity to better align with its innovative, modern approach to logistics. Founded in 2007, Reload has been strategically amassing assets across major routes and ports in Sub-Saharan Africa to provide clients with the most flexible and accessible solutions in the market. The new brand embodies Reload’s commitment to constant innovation, ensuring clients receive the most efficient…

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SENEGAL- Fight against road insecurity: the CEO of ANASER announces the implementation of local plans

(APS) – The director general of the National Road Safety Agency (ANASER), Cheikhou Omar Gaye, announced, Wednesday, the upcoming implementation of local plans to combat road insecurity in the fourteen regions of Senegal. “Not all regions have the same specificities and the same needs to address the issue of road safety. This is why, in each region, a local plan to combat road insecurity will be developed under the chairmanship of the governor, with a monitoring committee which will implement these activities which are identified in each region,” he said.…

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Ivory Coast: Suspension of U.S. Aid for the Northern Highway in Abidjan, Insufficient Compensations Criticized

The United States has suspended its funding for a section of the Northern Highway in Abidjan due to dissatisfaction with the compensation process for populations affected by the construction. According to Africa Intelligence, U.S. authorities have accused Ivorian officials of a lack of transparency and consideration for displaced populations. Many people registered to receive compensation are still awaiting their dues, while the relocation conditions deemed “inhumane” by the United States have also been criticized. The Northern Highway project, signed in 2017 between Ivory Coast and the Millennium Challenge Corporation (MCC),…

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Transnet denounces World Bank Container Port Performance Index factual errors

On 10 June 2024, Transnet met with World Bank representatives to discuss factual errors in its recent 2023 Container Port Performance Index (CPPI). The Bank incorrectly uses the duration of a vessel’s stay as a measure of container port cargo handling performance, relied on third party sample data and failed to give a measured terminal access to the data sample for verification prior to publication. Upon entering a port, a vessel is serviced by many role players before the actual loading and offloading of cargo, and these services contribute to…

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Emirates to Launch New Route Linking Madagascar and Dubai via Seychelles Starting September

Emirates has announced the launch of a new route to Madagascar, starting from September 3, 2024. This new service will offer travelers more choices and connectivity, promoting both tourism and business travel to this country with spectacular landscapes. Flights EK707 and EK708 will connect Dubai (DXB) to Antananarivo (TNR) four times a week, with a stopover in the Seychelles (SEZ). Flight EK707 will depart from Dubai at 8:55 AM and arrive in Mahé at 1:35 PM, before continuing to Antananarivo, where it will land at 4:50 PM. The return flight…

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Djibouti Ports and Free Zones Authority Denounces World Bank’s Container Port Performance Report: Claims Misrepresentation and Data Discrepancies

The Djibouti Ports and Free Zones Authority (DPFZA) has expressed profound indignation over the latest World Bank Container Port Performance Report, which ranked the port of Djibouti at 379th—a drastic and unjustified decline from its previous ranking of 26th. This report, according to DPFZA, grossly misrepresents the true status of their facilities and the quality of services they provide…. read more on maritimafrica.com ………

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