Africa News

The company says that its purchase of a 10% interest in Container Terminal 3 (TC3) of the Tangier Med 2 port in Morocco ‘marks yet another important step towards assuming an even more prominent role in the development of this attractive growth market.’

The African Development Bank has approved a long-term senior loan of $400 million to support the building of an LNG plant that will bolster ‘Mozambique’s ambition to become global LNG player’.

A delegation from the Antwerp port community currently on a trade mission to West Africa yesterday (25 November) visited Cotonou and offered their expertise on how to modernise the port and make it ‘futureproof’.

The report, undertaken by PwC Nigeria in partnership with Energex Partners and Downstream Advisors Inc., suggests that the changes in the African oil sector resulting from the new sulphur regulations ‘will be profound’ and will potentially add billions of dollars of costs to the continent.

The South African LNG infrastructure company has secured a bunkering licence within Algoa Bay and LNG supply is expected to begin in Q2 2020.

Restrictions on night-time bunkering operations in Algoa Bay, imposed following a bunker fuel spill in July, have now been removed.

DP World has signed a Memorandum of Understanding (MoU), with Namibia’s Nara Namib to develop a free economic zone in Walvis Bay and ‘support the growth of Namibia as a regional hub for Southern Africa’.

In support of the Luanda-based operation, the company’s owned 5,815 DWT tanker, African Chaser – to be renamed Monjasa Chaser - is now deployed as a fixed tanker in Angolan territorial waters.

The Elka Aristotle crude oil tanker is reported to have sustained an attack whilst within the Lome anchorage in Togo.

The Lagos State Government has announced that Nigeria’s first deep seaport is scheduled to be delivered in Lekki, following the signing of agreements with China Development Bank (CDB) which included a $629 million financing facility for the project.