Page 23 - LUA November December 2024 Issue for website
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Ane Maersk container vessel at APM
Terminals MedPort Tangier, Morocco
wharf space, updated equipment, and in new port and logistics infrastructure
larger container storage areas. across Africa. This investment aims to
According to a report by Sinay, African support long-term growth, including
ports like the Lagos Port Complex (Apapa the rising demand for critical mineral
Port Complex) in Nigeria, one of the exports. The Port of Tema in Ghana
busiest in West Africa, face challenges due is also increasing its capacity, with the
to outdated infrastructure and limited second phase of its expansion project
capacity, leading to significant congestion APM Terminals has set for completion by September 2025
and long wait times for ships. Similarly, involving the paving of a substantial
the Port of Mombasa in Kenya, a critical been a key enabler 270,000-square-meter area, which will
gateway for East African trade, struggles of Africa’s trade and expand the terminal’s footprint from 100
with ageing infrastructure and slow logistics growth, which to 127 hectares.
expansion efforts, resulting in delays in Terminal operators also play a crucial
cargo handling and increased congestion. directly supports the role in this transformation, bringing
goals of the African both capital and expertise to African
TRANSFORMATION AND ports. Global terminal operators like
DEVELOPMENT Continental Free Trade APM Terminals, DP World, and Bolloré
In response to these challenges, Africa Area (AfCFTA). Africa Logistics have established strong
is experiencing unprecedented growth presences across the continent.
in its container shipping infrastructure. IGOR VAN DEN ESSEN “In Nigeria, we have recently invested
APM TERMINALS
In a recent interview with Bloomberg $115 Million in upgrading the West
Television, Mohammed Akoojee, CEO Africa Container Terminal ( WACT)
and Managing Director for sub-Saharan company announced plans to invest $3 terminal in Onne almost doubling the
Africa at DP World, a global logistics billion over the next three to five years yard space, lifting safety standards,
NOVEMBER - DECEMBER 2024 LUA 21
