Transforming the Horn of Africa

Heads of terms gives AD Ports Group exclusive rights to negotiate a concession for a new multipurpose terminal for one year.

Global port operator announces an MoU to operate the Takoradi Port in Ghana, starting from April 2023.

MSC is hoping to buy Bolloré Africa Logistics (BAL), which is one of Africa’s largest container transport, logistics and port operating groups.

Grindrod has joined UK-funded (but privately managed) InfraCo Africa in the East African Marine Transport (EAMT) project to set up a regular ferry service to revitalise trade across Lake Victoria.

CDC, formerly known as the Commonwealth Development Corporation, is a new source of funding for the pan-African port sector. In the first instance, the UK’s development finance institution (DFI) is to invest US$320M in the ports of Dakar in Senegal, Sokhna in Egypt and Berbera in Somaliland – all of which are operated by DP World.

The opening of a fourth berth and the commissioning of new cranes at Tema Container Terminal at Ghana’s Port of Tema has increased its capacity to 3.7M TEU a year, the highest of any West African port, and taken Meridian Port Services’ (MPS) investment in the project to US$1B since 2007. The first phase was built between 2016 and 2019.