Nelson dos Santos, Chairman of the Board of Directors of the Port of Amboim, announced last week in Sumbe that construction of the new port facility in Porto-Amboim, Cuanza-Sul province, will soon commence. This statement followed a courtesy meeting with provincial governor Mara Quiosa, aimed at welcoming her and discussing the port’s development. Dos Santos confirmed that preparations for the project are in advanced stages, with construction expected to begin
Category: Southern Africa
Residents of Lobito Praise Economic and Healthcare Benefits of the Lobito Corridor
Residents of Lobito in Benguela province have highlighted the significant benefits of the Lobito Corridor, emphasizing the creation of new business opportunities and the development of tourism in the region. Florinda Miranda e Silva, the general director of Lobito Regional Hospital, noted that the Corridor could also lead to the introduction of new medical specialties in local hospitals, improving healthcare services. She believes that the Lobito Corridor will attract tourists,
Secil Marítima Assures Restoration of Soyo-Cabinda and Cabinda-Luanda Routes Within Three Days
Secil Marítima announced on Friday that efforts are underway to restore normal operations on the Soyo-Cabinda and Cabinda-Luanda routes within three days, following the completion of repairs to damaged vessels. In a press release, Secil Marítima confirmed that technical teams are “working day and night” to resolve an issue with the propeller of one of the vessels operating on the Soyo-Cabinda and Cabinda-Luanda routes, part of the northern cabotage service.
Dr. António Agostinho Neto Airport Sees Sixfold Surge in Cargo Operations
Cargo operations at Dr. António Agostinho Neto International Airport have experienced significant growth, with a total volume of 225,900 kilograms (225.9 tons) recorded from January to August this year, according to António Pombal, the general director of the airport’s Temporary Operator. Pombal highlighted that the cargo segment has grown sixfold since operations began on December 19, 2023. The airport’s cargo terminal has an annual capacity of 130,000 tons and handles
Mozambique Awards 15-Year Concession for Chongoene Port Terminal Development
The Mozambican government has granted a 15-year concession for the construction, operation, maintenance, and management of the Chongoene Port Terminal in Gaza province. This public-private partnership involves a joint venture between Chinese firm Desheng Port and the state-owned Mozambican Ports and Railways (CFM). The concession was formalized through a decree approved by the Council of Ministers on August 26, which outlines the legal framework for this public-private partnership. The decree
Transnet Secures $284 Million Loan from BRICS Bank for Turnaround Plan
South Africa’s state logistics company, Transnet, has obtained a 5 billion rand ($283.53 million) loan from the New Development Bank (NDB), established by the BRICS group of emerging economies. The South African government will guarantee the loan, announced by Director General Duncan Pieterse during a New Development Bank meeting in Cape Town. Transnet, which is grappling with approximately 130 billion rand in debt, has struggled with reliable freight rail and
Southern Africa’s Railways Surge with Global Investment Amid Copper Boom
Southern Africa’s railways are garnering international attention and attracting billions of dollars in investment, driven by the race to secure copper supplies essential for the energy transition. From Angola on the west coast to Tanzania on the east, governments and investors are poised to revive long-neglected rail lines and construct new ones. This surge in demand is largely fueled by the central African copperbelt shared by Zambia and the Democratic
Transnet Seeks Debt Relief as Freight and Port Services Struggle
South Africa’s state-owned logistics company, Transnet, is requesting debt relief from the government as it attempts to repair its balance sheet and restore its freight rail and port capacities, according to the company’s chairman, Andile Sangqu, on Tuesday. Transnet is burdened with 130 billion rand ($7.30 billion) in debt and has faced difficulties in providing adequate freight rail and port services due to equipment shortages and maintenance backlogs, stemming from
The US-Backed Railway and the New Era in African Copper Supply
As global competition for critical minerals intensifies, the US-backed Lobito Corridor is poised to revolutionize access to African copper resources. This ambitious project, linking Angola to the mineral-rich Democratic Republic of Congo (DRC), challenges China’s dominance in critical mineral supply chains. With an estimated investment of $10 billion, the Lobito Corridor encompasses more than just railway construction. It includes roads, energy facilities, and telecommunications, fostering broader regional economic growth and
Port of Beira Reports 58% Surge in Container Handling Amid Strategic Upgrades
Mozambique’s Port of Beira has experienced a 58% year-on-year increase in container handling between January and May 2024, moving 161,000 containers compared to 102,000 during the same period in 2023. This significant growth was reported by Jan de Vries, CEO of Cornelder de Moçambique, the concession company managing the port. According to Agência de Informação de Moçambique (AIM), the port’s general cargo terminal also saw a rise in activity, handling