Tag: logistics in Africa

Afreximbank partners with Med Aditus to boost local pharmaceutical production of essential medicines in Kenya

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Afreximbank s'associe à Med Aditus pour stimuler la production pharmaceutique locale de médicaments essentiels au Kenya

Afreximbank’s intervention is part of its ‘Africa Health Security Investment Plan” to support the health product manufacturing ambition of the continent African Export-Import Bank (Afreximbank) and Kenya-based Med Aditus Pharmaceutical Kenya Limited (Med Aditus) have signed a project preparation facility heads of terms agreement at the margins of the fourth edition of the African Sub-Sovereign Governments Network (AfSNET) Conference in Kisumu City, Kenya. The project preparation facility will be deployed to part-finance the preparation of feasibility studies towards the development of Med Aditus’ pharmaceutical manufacturing plant.   Estimated to cost…

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Congo Terminal accelerates the implementation of its project to extend the port of Pointe-Noire

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Congo Terminal, a subsidiary of AGL and concessionaire of the container terminal within the Autonomous Port of Pointe-Noire (PAPN), is accelerating the implementation of its ambitious port extension project, which will result in an investment of more than €400 million. The objective is to anticipate the evolution of global maritime transport capacities and to position Pointe-Noire as the reference port platform in Central Africa. Thus, Congo Terminal signed a contract with China Road and Bridge Corporation (CRBC) at the beginning of November for the construction of the new quay of…

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African Development Bank and partners plan to make Abidjan-Lagos corridor highway a potent economic and industrial hub

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The Abidjan-Lagos corridor highway will link the cities of five major West African countries by 2030, and is set to become a powerful economic and industrial hub courtesy of the Spatial Development Initiative promoted by the African Development Bank. This 1,028-kilometre transnational coastal motorway will connect Côte d’Ivoire to Nigeria, while crossing through Ghana, Togo and Benin.  Work is due to commence in 2026 and is earmarked for completion in 2030, the African Development Bank revealed at an online workshop held on Thursday 22 November with all the partners associated…

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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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South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan

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In addition to the corporate loan, the African Development Bank is contemplating two targeted grants, including $750,000 in technical support from the Sustainable Energy Fund for Africa The African Development Bank Group (www.AfDB.org) has approved a ZAR 18.85 billion ($1 billion) corporate loan to Transnet, South Africa’s major freight transport and logistics company, for its recovery and growth plans.   The 25-year loan approved by the Bank Group’s Board of Directors on Friday, 12 July 2024, is fully guaranteed by the government of South Africa. It will facilitate the first…

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New South African government tackles logistics challenges to boost economic growth

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The South African government has announced its intention to address the country’s major logistics challenges over the next five years, seeing them as an obstacle to economic growth and development. Transport Minister Barbara Creecy said at the 42nd meeting of the South African Transport Conference that “the South African logistics sector is not functioning effectively either as an economic enabler or as a social service.” In the face of these challenges, the government has set several priorities: Improve key logistics corridors: This involves tackling delays and congestion at strategic transit…

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MOL to Take Equity Stake in Alistair Group, A Leading Logistics Company in Sub-Saharan Africa – Strengthening Logistics Services in Africa

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TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that it has agreed to acquire a 25% stake in Tanzania-based Alistair Group (President: Alistair James), a cross-border logistics company serving Sub-Saharan Africa. Alistair Group has offices in eight countries in Southeast Africa. Its business centers on cross-border logistics services for truck transport of copper, cobalt, and other critical mineral resources produced in the Democratic Republic of Congo and Zambia in inland Africa to coastal export ports. It is also engaged in customs clearance, warehouse operations, cargo handling…

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Morocco : Logistics Gets a Boost in Kenitra with Oulad Bourahma’s 44.5-Hectare Platform

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A major new project is underway in Kenitra, aimed at strengthening the region’s logistics infrastructure. The Moroccan Agency for Logistics Development (AMDL) is planning to create a large-scale logistics platform on a 44.5-hectare site located in Oulad Bourahma. This ambitious project aims to meet the growing demand for logistics services in the region, driven by the presence of several industrial zones and a dynamic economic activity. The logistics platform will offer a modern and equipped space for companies operating in the transport, warehousing and distribution sectors. A strategic location for…

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Reload Logistics Unveils New Brand Identity and Major Expansions

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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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DT Global Europe concludes transport and logistics support project in Ethiopia

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(ATALAYAR) Funded by the European Union, the project contributes to improving the quality of regional transport, the logistics sector and climate-related social outcomes in Ethiopia DT Global Europe has successfully completed a transport and logistics support project in Ethiopia funded by the European Union and widely recognised by both the EU Delegation in Ethiopia and the main local beneficiary institutions. This project has been a major milestone in the country’s logistics reform through its contribution to improving the service of regional transport corridors, increasing the efficiency and effectiveness of the…

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