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).
Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...
Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...
Rwanda, partners break ground on $2 billion Kigali Innovation City Smart city targets ...
MTN is considering buying back telecom towers it sold years ago, signalling that control of infras...
The government is asking SOTEL and Airtel to amend a 2025 agreement The N’Djamena–Mberé route...
Paratus launches 2,000 km Mombasa-Goma fiber link Corridor connects landlocked markets to submarine cables Project supports rising East...
Togo signs five-year nuclear cooperation deal with IAEA Framework supports cancer care, agriculture, energy applications IAEA to assist on...
ITFC signs €630 million 2026 financing plan with Senegal Funds support fuel imports, peanuts, energy and food security Plan part...
Benin outages linked to regional interconnection technical constraints Imports met 83% of consumption in 2023, IEA says Government plans...
Porlahla Festival ends third edition in Kouto, promoting Senufo culture Event draws regional and international participants, boosting cultural...
Essaouira is a coastal city in Morocco, on the Atlantic Ocean, in the Marrakech–Safi region, about two and a half hours by road from Marrakech. It stands...