Africa – Page 35
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TRANSNET BOARD FIRED
The management board of Transnet, South Africa''s state-ownedtransport organisation, was replaced recently after losses of $940m reported for the year. Transnet is responsible, amongst other sectors, for South Africa''s ports and South African Airways which is technically insolvent. The main reason for the record loss was a massive hedging loss ...
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NewsKPA invests $25m in IT at Mombasa
Kenya Ports Authority (KPA) is investing heavily in upgrading both the leading import-export port of Mombasa and the socalled Northern Corridor which links it with Uganda, Rwanda, Burundi and the Congo.
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MADAGASCAR GOES FOR PPP
Madagascar has hired the International Finance Corporation (IFC) to advise on the structuring and implementation of a PPP for the container terminal of the country''s largest port, Toamasina.The port handles 1.5m tons a year including around 92,000 TEU''s.
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NIGERIA TO BUILD THREE PORTS
Nigeria' s Federal government has given permission for the construction of two seaports and one river port costing a combined $1.1bn.
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NewsTHE SPOTLIGHT IS ON THE PRIVATISATION PROCESS
Why is the Nigerian port concessioning process so important for Africa? Because whatever the outcome, its success or failure will affect the international market''s perception of privatisation projects in Africa in general. Furthermore, it will provide a benchmark that will influence Nigeria''s own future privatisation process. Steve Cameron reports on ...
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MOMBASA FACES LOSS OF UGANDAN TRADE
Uganda and Sudan are in discussions to develop a new trade route through Port Sudan as an alternative to Mombasa which the Ugandan government regards as inefficient.
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W-W warns of over-capacity
CCT adds the agreement provides impetus for the development of Chiwan's terminal with a fifth berth.By 2008, South Africa's vehicle exports will have doubled in volume, with the biggest markets in Australia, New Zealand and Asia, claims Wallenius Wilhelmsen Lines VP Per Eitzen. He says that ports must be more ...
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ASSORE'S WARNING
Assore''s financial director, Chris Cory, says capacity constraints at railways and ports in South Africa could hold back exports. " With the surging demand of China, the only limits on our exports of iron ore at the port of Saldanha are at the port and on the railway."
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Further investment at Maputo
The IPA is to receive $1.5 billion from international donors according to Mahmood Salih Abdul-Nabi, the incoming director general, who says that the authority is considering the possibility of perhaps eventually seeking a single management company to run both ports in a privatised environment, with AP Moller responding by saying ...
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NewsMombasa rejects four equipment bids
Surprisingly, only three of seven companies were able to meet the technical specifications required by the Port of Mombasa to supply eight cranes as part of a recent tender. The contract, which is worth _16m, will therefore be disputed by Kalmar, ZPMC and Reggiane following the disqualification of Fabtech International ...
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Nigeria to build new port
MSC operates the world's second biggest container fleet whilst Eurogate is Europe's largest terminal operator. The partners say the new terminal, south of the Wilhelm Kaisen Container Terminal, will attract about half a million more TEUs.Nigeria has agreed to build a new $400m seaport in Ondo State at a 10,000ha ...
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Kingston Wharves has new shareholder
The 44% stake in Kingston Wharves held by Grace, Kennedy has been bought by Jamaican/ Canadian billionaire Michael Lee Chin for $10m, thus ending the company''s relationship with the port, which has gone back over many decades.
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Expansion begins at Bridgetown
Barbados port authority has commenced implementation of a $100m reform and expansion plan centred on Bridgetown Port. $17m will be spent on rehabilitating existing facilities, including moving the sugar terminal. $13m will be spent on a new cruise pier, of which $4m will be generated by the port authority and ...
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Freeport seeks investment
Cheayee Dee, md of Liberia''s National Port Authority claims that at least $40m will be needed to bring Freeport back to internationally acceptable standards following 15 years of civil war.
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Abidjan and Douala concessions up in the air
The disputed container terminal concession at Vridi, Abidjan, awarded to SETV and the Bollore group continues to cause problems. Last week 30 people were killed in Abidjan during anti-government protests that were in part related to this issue. The top management of the port authority were sacked and the president ...
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THERE'S GOOD NEWS AND BAD NEWS
If ports are the arteries that ensure a country''s economic lifeblood, then in some East African countries the economy is being well supported with the opportunity to pump vigorously, whilst others are facing the potential of a serious coronary and all that goes with it. Steve Cameron investigates.
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NewsMUSC helps Nigerians
Maritime and Underwater Security Consultants (MUSC) has been selected by the Nigerian government as advisors for raising standards of security in Nigeria''s ports and offshore oilfield installations.
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NewsNIGERIA TAKES THE PLUNGE
It''s been quite a year for Nigeria and its ports in particular. The successful elections last year marked the first civilian transfer of power in the country''s history and growing international support was underlined by the Commonwealth heads of Government meeting and a state visit by Her Majesty the Queen. ...
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Cote D'Ivoire Vridi Terminal concession, done or undone?
The recent announcement that the Vridi Container Terminal concession at Abidjan, Cote D''Ivoire had been awarded to the French Group Bollore, caused a considerable reaction in port privatisation circles and the West African maritime community.
