The Ivorian authorities launched, on 6th October, the expansion works of the Autonomous Port of Abidjan (PAA), which cost is of FCfa 560 billion (approximately 854 million Euros).
The works which will be undertaken by the China Harbour Engineering group over a period of 4 years consist in building a second container terminal capable of accommodating the “biggest container ships sailing the West African coasts” and “digging a deeper entry point for the Vridi Canal” (achieved in 1950) and “modernising the wharves”.
The project is funded by the Chinese bank of Export-Import (China Eximbank) which provided 85% of the financing. The goal is to make the Abidjan Port, which currently has a traffic of 25 million tons per year, the “number one port in sub-Saharan Africa”.
A consortium made up of 2 French groups, Bolloré Africa Logistics and Bouygues Travaux Publics, and APM Terminals from the Maersk group (Denmark) were granted the construction and operation rights of the second container terminal in the Abidjan Port in March 2013.
The Bolloré group, specialised in port and rail logistics in Côte d’Ivoire, is in charge since 2004 of the management and operation of the first container terminal at the port.
PAA, leader in West Africa and representing 90% of Côte d’Ivoire’s foreign exchanges, also supplies the sub-regional landlocked countries (Mali, Niger and Burkina Faso).
The Bank expects a 41% rise in 2025 and a further 6% increase in 2026. Gold topped $4,00...
Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...
Ghana holds talks to address energy debt and tighten sector oversight New inspector, stricter...
COBAC raises bank capital requirement to 25 billion CFA francs from 10 billion Compliance dea...
The World Bank forecasts a 21% annual increase in fertilizer prices. Urea, DAP, and potash pr...
Solutions for Schools Ethio Telecom held discussions with the Adama City Education Bureau to introduce its cloud-based Education Management Solution...
For more than twenty years, Simandou has been presented as a project with the potential to boost Guinea's economic development significantly. As iron ore...
Mozambique’s Private Sector Confederation (CTA) launches the Bureau de Conteúdo Local at the 20th Annual Private Sector Conference (CASP), which started...
Cameroon's parliament has been called to ratify a January 2025 aviation agreement that positions the country as Qatar Airways' first direct CEMAC...
Timkat, celebrated each year in Ethiopia, marks the feast of Epiphany in the Ethiopian Orthodox Church. It commemorates the baptism of Christ in the River...
The Namib Erg, also known as the Namib Sand Sea, is one of the most ancient and spectacular desert landscapes on Earth. Stretching along Namibia’s...