Angolan Government awards concession tender for critical Lobito Corridor railway


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The Angolan Transport Ministry has awarded the 30-year concession for rail services and logistics support over the Lobito Corridor to the consortium of Trafigura (49.5%), Mota-Engil (49.5%), and Vecturis (1%). The Lobito Corridor is a key route that connects mines in the D.R. Congo to the Lobito Port in central Angola, from where commodities can […]

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DP World breaks ground at $1.1bn Ndayane deep-water port in Senegal


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On Monday this week, Senegalese President Macky Sall laid the foundation stone for the new $1.13bn Ndayane deep-water port, 50km south of Dakar. The project is led by a joint-venture of DP World of Dubai and the Dakar Port Authority and represents so far the biggest private investment in Senegal. According to DP World, the […]

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DP World and the Democratic Republic of the Congo sign final agreement to develop Banana Port


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On Monday this week, DP World and the Government of the Democratic Republic of the Congo (DRC) have signed the Collaboration Agreement for the development of the Banana deep-sea port. The agreement was signed in the presence of President Tshisekedi and follows the sgning of a term sheet earlier this year with DP World. The […]

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The Lekki Deep Sea Port is over 70% complete


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The Lekki Deep Sea Port was over 70% as of late October this year, its promoters have revealed. The project’s construction and development is being undertaken by Lekki Port LFTZ Enterprise Limited (LPLEL), a special purpose vehicle promoted by the Tolaram Group and China Harbour Engineering Company Ltd (CHEC). CHEC injected US$221 million into LPLEL […]

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CDC partners DP World for $1.7bn Africa logistics investment platform


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The UK’s development finance institution and impact investor CDC Group (CDC) is partnering with DP World of the UAE to invest into Africa’s trade and logistics infrastructure. The long-term partnership will see DP World investing a further $1bn into existing ports in Dakar (Senegal), Sokhna (Egypt) and Berbera (Somaliland). On its side, CDC is initially […]

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Despite Lack of Natural Resources, Djibouti Attracts Major Investments in Infrastructure


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Djibouti has no natural resources, a land area of only 23,200 km2 and a population of 1m. Yet, the country has attracted billions of dollars of investments over the past decade, making some of Africa’s biggest economies look up to it with envy. Foreign investors from China, the Middle East and the United States are […]

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