Africa Global Logistics (AGL), through its subsidiary Congo Terminal, has secured approximately US$250 million in financing to develop the container terminal at the Autonomous Port of Pointe Noire (PAPN) in Congo-Brazzaville.
The funds will be used to construct a 750-meter quay, covering 28 hectares with a depth of 17 meters. The overall project, estimated to cost US$393 million, is set to take three years to complete.
The financing package follows a banking round led by Crédit du Congo and Attijariwafa Bank, with support from Congolese banks including EcoBank, Banque Commerciale Internationale, Banque Sino-Congolaise pour l’Afrique, and BGFIBank Congo.
The project has also attracted interest from foreign financial institutions, underscoring its strategic importance for regional trade.
This expansion will increase the port’s capacity to accommodate larger vessels and higher cargo volumes, facilitating smoother operations and enhancing trade in the region.
The new quay will reduce congestion and improve vessel turnaround times, making Pointe Noire a key logistics hub in Central Africa.
Congo Terminal, which has been managing container and Ro-Ro ship operations at PAPN since 2009, plays a pivotal role in the port’s development.
The terminal’s expansion follows a revised concession agreement in August 2023, extending its lease until December 2050, ensuring long-term stability and returns.
The expansion of Pointe Noire port, Congo-Brazzaville’s key maritime asset, is vital for strengthening its position in the global supply chain, accommodating the next generation of container vessels, and supporting economic growth and regional trade.
