With West Africa’s population surpassing 450 million and its vast oil, gas and critical mineral resources being put into production, the region has experienced steady economic growth at an average annual rate of 6% over the last decade. Projected infrastructure needs indicate a necessary annual investment of approximately $180 billion by 2025. Vital to this development are ongoing railway projects aimed at supporting the region’s economic growth, facilitating the transport
Category: West Africa
Fuel Costs Expected to Drop as Port Harcourt Refinery Resumes Operations
Fuel costs in Nigeria are anticipated to decrease once the Port Harcourt Refinery recommences operations, according to the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Major Energy Marketers Association of Nigeria (MEMAN). The national petroleum company of Nigeria has pledged that the refinery will be operational within two weeks, prompting preparations by marketers to receive products from the facility. Both IPMAN and MEMAN have urged the Nigerian National
Qatar Airways Expands Service to Nigeria with New Routes to Kano and Port Harcourt
Qatar Airways is enhancing its presence in Nigeria with the introduction of four weekly flights to Kano (KAN) in Northern Nigeria starting on March 2nd, and three weekly flights to Port Harcourt (PHC) beginning March 3rd. Both routes will operate via the country’s capital, Abuja. As reported by m.gulf-times.com, the airline currently offers two daily flights to Lagos and four weekly flights to Abuja, which will be increased to a
Senegal’s Ndayane Port Project Spurs Economic Growth
Senegal anticipates robust GDP growth of 9.2% with the onset of oil and gas production in 2024, paving the way for an average annual growth rate of 5.8% from 2025 to 2028. To support this growth trajectory, the government is prioritizing sectors crucial for hydrocarbon development and economic transformation. Aligned with its Emerging Plan for 2035, Senegal is poised to evolve into an integrated and competitive logistics hub. Efforts to
Ethiopian Airlines May Build e-Commerce Cargo Terminal In Nigeria
Still basking in the euphoria of building the first ever e-commerce cargo terminal in Africa in its Addis Ababa hub, Ethiopian Airlines may consider replicating a similar feat in Nigeria, Africa most populous country. Speaking at the inauguration of the of the e-commerce terminal in Addis Ababa, Group Chief Executive Officer, Ethiopian Airlines, Mesfin Tasew said the newly constructed e-commerce logistics hub was built by Ethiopian Airlines Group to facilitate
Nigeria’s export doors open to South Africa, Rwanda, Cameroon, and Kenya
Nigeria would begin selling some of its products to some of the regional markets with which it has had relatively loose economic ties. The West African country has officially green-lit the sale of locally produced goods to South Africa, Rwanda, Cameroon, and Kenya. Exportation is scheduled to commence by April under an initiative from the African Continental Free Trade Area (AfCFTA). A report seen in the Nigerian newspaper The Punch