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South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan

21 Juillet 2024

LIBREVILLE, July 18 (Infosplusgabon) - The African Development Bank Group has approved a ZAR 18.85 billion ($1 billion) corporate loan to Transnet, South Africa’s major freight transport and logistics company, for its recovery and growth plans. The 25-year loan approved by the Bank Group’s Board of Directors on Friday, 12 July 2024, is fully guaranteed by the government of South Africa. It will facilitate the first phase of the company’s ZAR 152.8 billion ($8.1 billion) five-year capital investment plan to improve its existing capacity ahead of expansion for the priority segments throughout the transport value chain.

DRC : African Development Bank Group grants $260 million loan to strengthen agricultural sector and value chains

19 Juillet 2024

LIBREVILLE, July 19 (Infosplusgabon) - The Board of Directors of the African Development Bank Group approved a loan of $260.4 million to the Democratic Republic of Congo (DRC) to help finance the Project to Support the Development of Value Chains as part of its backing for the Agriculture Transformation Programme (PADCV-PTA).

SOUTH AFRICA : Maximizing Local Content for Sustainable Growth at African Energy Week (AEW) 2024

11 Juillet 2024

LIBREVILLE, Gabon, July 11 (Infosplusgabon) - African Energy Week (AEW): Invest in African Energy 2024 – scheduled for November 4-8 in Cape Town – will seek to advance local content development within the continent’s burgeoning energy sector. The summit will host key panel discussions aimed at fostering sustainable economic growth and maximizing value for African nations through the development and implementation of effective local content policies (LCPs).

AEC Launches Namibia Energy Trade Mission in Collaboration with NIEC 2024

11 Juillet 2024

By NJ Ayuk, Executive Chairman of the AEC

LIBREVILLE, July 11 (Infosplusgabon) - The African Energy Chamber (AEC) – serving as the voice of the African energy sector – has launched a Trade Mission to Namibia from April 23-25 to promote business opportunities within the country’s energy industry. In collaboration with the Namibia International Energy Conference (NIEC), the Trade Mission will facilitate engagement between companies; connect stakeholders to market intelligence and resources; while capitalizing on the conference offerings to drive new investment into the country.

Shipping losses hit all-time low despite increasing risks for the whole sector

22 Mai 2024

LIBREVILLE, May 22 (Infosplusgabon) - Given as much as 90% of international trade is transported across oceans, maritime safety is critical. Thirty years ago, the global shipping fleet lost around 200 large vessels a year. This total fell to a record low of 26 in 2023, a decline of more than one third year-on-year and by 70% over the past decade. However, the fact that shipping is increasingly subject to growing volatility and uncertainties from war and geopolitical events, the consequences of climate change, as well as ongoing risks resulting from the trend for larger vessels means the sector will have its work cut out to maintain this status quo in future, according to marine insurer Allianz Commercial’s Safety and Shipping Review 2024.