Port logistics company, the Newlyn Group, unveiled the Newlyn PX Bayhead rail terminal on April 4, strategically positioned next to the Port of Durban. This initiative aims to enhance intra-Africa and local trade while fostering investment opportunities. Newlyn CEO, Raj Balmakhun, described the launch as a significant achievement for South Africa, showcasing the synergy between the private sector and the government for national progress. President Cyril Ramaphosa, present at the
Category: Southern Africa
The Lobito Corridor and its Impact on Regional Growth
The African Development Bank (AfDB) spearheaded a landmark initiative in October 2023 by signing a Memorandum of Understanding (MoU) with the U.S., the European Commission, the Africa Finance Corporation (AFC), and the governments of Zambia, Angola, and the Democratic Republic of Congo (DRC) to develop the Lobito Corridor. This ambitious project aims to connect the DRC and Zambia’s copper belts to international markets via Angola’s Port of Lobito, positioning southern
Angola’s Minister of Transport Inaugurates Multipurpose Terminal at Port of Lobito
Minister of Transport, Ricardo Viegas d’Abreu, inaugurated the Multipurpose Terminal at the Port of Lobito in Benguela on Wednesday. This terminal is a crucial component of the concession granted by the Angolan Government to Africa Global Logistic (AGL) and serves as a vital gateway for general and containerized cargo passing through the port. Addressing attendees, Minister d’Abreu emphasized the strategic importance of the Port of Lobito for the development of
Transformative Changes at Port of Lobito Result in 60% Reduction in Expenses
Celso Rosas, President of the Board of Administration at the Port of Lobito, announced yesterday that the port has successfully reduced costs related to salaries, health services, food provisions, training, and other expenditures by 60%. This achievement follows the transfer of 850 workers to assets now under the concession of Lobito Atlantic Railways and Africa Global Logistics. Speaking at a staff meeting commemorating the 96th anniversary of the Port of
AGL President Urges Professionals to Boost Container Unloading at Porto do Lobito
Philippe Labonne, President of the Board of Directors of African Logistic (AGL), has challenged professionals at the Multipurpose Terminal in Porto do Lobito, Benguela, to unload approximately 40 containers per hour in the coming days. Labonne, as quoted by JA Online, made these remarks during the inauguration of the Multipurpose Terminal last Wednesday. He emphasized AGL’s intention to transform the infrastructure into a source of pride for Angola. The PCA
Richards Bay Multipurpose Terminal Enhances Cargo Handling Capabilities
The Richards Bay Multipurpose Terminal (MPT) has bolstered its cargo handling operations with the acquisition of new equipment, facilitating the loading of export coal, magnetite, chrome, and pig iron onto Cape-sized vessels. In response to a temporary setback caused by a legal challenge to a contract award last year, the terminal has opted to lease 75 dumpers and 35 payloaders for a period of 12 months. This interim solution ensures
Mozambique: LAM’s first cargo plane to start operating from March 25th
Linhas Aéreas de Moçambique (LAM) is set to inaugurate its first cargo operations starting March 25th, utilizing a newly acquired Boeing 737-300F aircraft, as announced by the company’s general director to Lusa. With an investment of US$3 million (€2.74 million) in this venture, LAM aims to bolster its logistics capabilities. Primarily catering to domestic cargo needs and serving routes to South Africa and Tanzania, the introduction of the Boeing 737-300F
US Backs Lobito Corridor Railway with Record Investment
In February of this year, the U.S. International Development Finance Corporation (DFC) announced groundbreaking financing to bolster the Lobito Corridor—a transformative 1,300-km railway linking Angola’s Port of Lobito with southern DRC and northwestern Zambia. This initiative, supported by a consortium including the European Commission, African Development Bank, and Africa Finance Corporation, has already secured nearly $1 billion, marking the largest joint investment by the U.S. and EU in Africa in
Transnet opens up port leasing opportunities
Transnet National Ports Authority (TNPA) has announced the opening up of about 100 leasing opportunities for port land and commercial developments at South Africa’s seven commercial seaports. TNPA said in a statement on Thursday that as part of the “approximately 100 lease opportunities” on offer, seaport facilities would be repurposed for economic activity, while vacant buildings would be made available for office, recreational and industrial purposes, unlocking diverse business opportunities
Red Sea rebels threaten vessel traffic around South Africa
Ocean carriers sailing around South Africa to avoid attacks on vessels in the Red Sea and Gulf of Aden have been added to the crosshairs of Yemen’s Houthi rebels as they threaten to extend their missile reach into the southern Indian Ocean. The new development to the crisis at the Horn of Africa comes after yet another maritime vessel was attacked as it sailed about 122 kilometres past Yemen’s Port