The Angolan Government is currently developing an initiative that aims to boost the granting of credit to national Micro, Small and Medium Enterprises, with the prospect of 30 percent benefiting projects carried out by women. The data was presented, Friday, in the city of Lobito, province of Benguela, by the Secretary of State for Public Investment. Iva Marques dos Santos went to the city of Lobito, in the province of
Author: Constance Makungu
Port Modernization in Guinea-Bissau To Boost Regional Trade
Senegal’s ambitious construction of the Ndayane Port, set to become West Africa’s largest deep-sea port by 2027, is a testament to the region’s commitment to infrastructure development. With gas production from Grande Tortue Ahmeyim (GTA) in Senegal and Mauritania, and first oil from Sangomar in Senegal, the MSGBC nations are gearing up to accommodate increased exports. Guinea-Bissau, recognizing the need to modernize its ports, initiated a significant project to upgrade
The Lobito Corridor Sparks Agricultural and Industrial Development
The dynamism of the Lobito Corridor is fueling increased production of agricultural goods by the business class and family producers across six provinces in Angola. Lucas Ábias, acting president of the Chamber of Business Development in Benguela province, made this acknowledgment during the opening of the International Forum for Investment in the Central and Southern region of Angola. Ábias highlighted the positive impact of the corridor’s development on entrepreneurship, particularly
Maersk enhances service between India and North Europe
Maersk announced an upgrade to its ME2 ocean service to include port calls in North Europe, namely Rotterdam, Felixstowe and Bremerhaven. “This extension of the ME2 service to key destinations in North Europe will benefit North India’s exporters, particularly those in the lifestyle and retail sectors. With upgraded service, manufacturers and exporters will get expedited access to important consumer markets in North Europe. The transit times for ocean transports between
Los Angeles, Long Beach ports finish Q12024 with volume gains
The Port of Los Angeles handled 743,417 container units in March, a 19 percent increase over the previous year. It was the eighth consecutive month of year-over-year growth at the port, says an official release. “For the first quarter ending March 31, local dockworkers moved 2,380,503 TEUs across Los Angeles marine terminals – nearly 30 percent more than 2023. It was among the port’s best first quarter starts, behind only
Indian Railways earns ₹4626 crore more in Apr-Dec 2023 than previous year
Indian Railways announced a freight loading of 1154 MT on a cumulative basis from April to December 2023 against last year’s loading of 1109.38 MT, an improvement of 45.28 MT. Railways have earned ₹125106 crore against ₹120479 crore over last year which is an improvement of ₹4626 crore as compared to the same period last year. During the month of December 2023, originating freight loading of 138.99 MT has been
AVG Logistics to operate Chennai-Guwahati parcel express train
AVG Logistics has secured a six-year contract, valued at ₹105 crore, for the lease of a parcel cargo express train (PCET) from the Indian Railways. “This special train connects Korukkupet goods shed (Chennai) to New Guwahati goods shed (Guwahati), will complete four trips every month over the next six years, totalling 313 trips during the contract tenure. The carrying capacity during the trip is expected to be 364 tonnes for
Lufthansa Cargo puts spotlight on its roadmap on Supply Chain Day
Lufthansa Cargo has invited interested parties to visit the Lufthansa Cargo centre in Frankfurt, the airline’s main hub for cargo, for a behind-the-scenes look on Supply Chain Day, April 18. Frankfurt Airport is a key hub in Europe, handling up to 20,000 tonnes per week. To continue supporting companies in participating in global trade amid growing industry demands, Lufthansa Cargo primarily relies on digitalisation and innovative measures, mentions the official
Bengaluru Airport cargo handled up 7% in FY2024
Kempegowda International Airport Bengaluru (KIAB/Bengaluru Airport) handled 439,524 tonnes of cargo in the financial year 2023-24, an increase of 7.1 percent compared with FY2023.“International tonnage reached 266,186 tonnes, a four percent growth over the previous year while domestic tonnage experienced a strong 13 percent rise, totaling 173,338 tonnes in comparison to the previous year,” says an official release. BLR Cargo continued its growth momentum operating to 33 destinations in FY2024
Avianca Cargo replaces conventional plastics with biodegradable plastics
Avianca Cargo, one of the largest cargo airlines in the region, announced that it has replaced the use of conventional plastics with biodegradable plastics from BioNatur Plastics, to be used as pallet covers at each station of the operation. In the time of working together, more than 1,000 boxes have been purchased, thus avoiding the equivalent of more than 3.2 million 16 oz. plastic bottles ending up in a landfill.