AfDB loan for box terminal in Togo

The African Development Bank (AfDB) is to lend Portos e Caminhos de Ferro de Moçambique EP (The Mozambique Rail and Port Authority – CFM) US$40M and act as a facilitator with other lenders to secure a further US$30M.

The African Development Bank has agreed to finance dredging work at the Port of Bissau in the West African state of Guinea-Bissau

The African Development Bank is assessing bids for the contract for a consultancy to undertake a feasibility study into the construction of a new port at Manakara on the southeast coast of Madagascar

Hamburg-headquartered Hapag-Lloyd and Geneva-based Mediterranean Shipping Company (MSC) are to start a new service connecting Europe and ports on the Atlantic seaboard of South America in September. Nine ships with the capacity to load up to 9,000 TEU, and with the ability to carry 1,325 reefer containers, will be deployed in the operation. Hapag-Lloyd will contribute four of the vessels.

In the West African port sector, Ghana is on the rise, while terminal development in Nigeria, Africa’s largest economy, has stalled.

The future of the planned new Nigerian port of Lekki has been cast in doubt after International Container Terminal Services Inc (ICTSI) pulled out of the project