NewsThe Drewry "World Container Index" of ocean freight has recovered exponentially since the beginning of June 2020. As of January 14, 2021, it stands at $ 5,237 for a standard 40 'container, an increase by 320% compared to May 2020.
Cameroon: Eramet has started the second phase of its exploration work on the rutiliferous block of Akonolinga, in the Center region of the country. The potential of this block is estimated at 500,000 tonnes of rutile.
In 2019, intra-regional trade in Africa weighed 15% of the total total trade of this continent. In terms of containers, according to figures from Container Trade Statistics, intra-sub-Saharan trade weighed 237,000 TEUs during the first nine month of 2019.
Total trafic of Tanger Med harbour reached 5.7 millions TEU in 2020, +18% compared to 2019
The Egyptian company AOI (Arab Organization for Industrialization) and the German company Tönnjes have joined forces to operate an automobile license plate factory. The joint venture was initiated in 2019 at the "Compact with Africa" conference in Berlin. Location: Cairo. Production: 3 to 4 million units per year.
Nigeria's power grid experienced at least one major failure every month between 2009 and 2019. None of the major distributors are able to ensure continuous power supply. The optimum electricity transmission capacity of the federal grid is between 3.5 and 4.5 GW. This forces resident, commercial and industrial consumers to use the means of self-generation of electricity to meet their needs. Almost 81% of households have access to electricity less than 8 hours a day. The range of electricity production by means of generators varies between 70 and 130 naira / kWh against 28 naira / kWh for the electricity tariff in force in the country.
The company Ecodudu (Kenya) has developed an innovative process to produce highly nutritious animal feeds and organic fertilizers, leveraging insects. The company developed a process using Black Soldier Fly larvae to convert food and organic waste in nutritious and protein-dense biomass. The resulting residues are subsequently processed into environmentally friendly and nutrient rich organic fertilizers. The company produces two signature product lines, Dudu Meal, an insect-based animal feed for aquaculture and other feedstocks; and Shamba Mix, an organic fertilizer.
Development Partners International (DPI) through its ADP III fund, CDC Group and the EBRD have joined forces to create a new pan-African biopharmaceutical platform. The platform will execute a buy and build strategy to improve the availability and affordability of essential pharmaceuticals across Africa. Platform has received an initial $250m in capital from its founding investors and plans to raise up to an additional $500m. The initial capital has been used to fund the acquisition and combination of Adwia Pharmaceuticals, an Egyptian generic drugs manufacturer, and Celon Laboratories, an Indian oncology and critical care specialist. The platform will leverage its manufacturing and R&D centre of excellence in India to strengthen its local manufacturing operations in Africa, while capturing synergies from centralised supply chain management and business development.
In Nigeria, a $10million threading and valve assembly facility is being set up at the Lekki Free Trade Zone (LFTZ), by Bell Oil and Gas. Produits fabriqués: range of piping and tubular services for the oil and gas industry. It would also have a valve assembling plant, maintenance workshop, testing plant, a composite fabrication facility and also serve as a befitting fabrication yard in general.
According to the African Development Bank, the construction works of the road corridor between the port of San Pedro (Côte d'Ivoire) and Bamako (Mali) should be completed in June 2021. The journey times which were 6 hours in 2014 on each of the sections going from Zantiébougou to the border of Côte d'Ivoire and from Boundiali to Kani will be brought back between 1:40 and 2 hours. The establishment of a one-stop-shop, the connection of customs IT systems, a vehicle and goods tracking system will make it possible to reduce from 10 to 3 days the processing of containers in the port of San Pedro. The border transit of a truck between Côte d'Ivoire and Mali will be reduced from one day to three hours.
In Gabon, Santé Pharmaceutique SA (India) is launching the first generic drug manufacturing plant. Location: Nkok Special Economic Zone. Investment: 20 billion FCFA. Area: 25,000 m². Production capacity: 1 million tablets per day, 200,000 capsules, 50,000 syrups and 20,000 ointments every 8 hours. Products: antimalarials, anti-inflammatories, antidiabetics and analgesics intended for local and sub-regional markets.
ONE (Ocean Network Express, bringing together the shipowners NYK Line, MOL and K Line) will open its own line connecting northern Europe to West Africa. Until now ONE has relied on transshipment at the West-Mediterranean ports to move containers from Europe and Asia to West Africa. The first departure should take place in February 2021. The service will link Hamburg, Rotterdam, Antwerp, Le Havre, Algeciras, Tangier, Dakar, Tema and Abidjan, and back.
Three new production units will start-up in Tanger Med (Morocco): 1 /: Kwangjin (South Korea): window regulator and door opening modules, hinges and pedals. 2 /: Tecma Global Solutions (France): finished and semi-finished plastic injection molds for automotive use. 3 /: Gravesa (subsidiary of Gravalos - Spain): Mechanical connection components and technical parts for the automotive industry and for household appliance manufacturers.
In the 2020 ranking of the best free zones in the world published by FDI Intelligence, "TangerMed Zones" (Morocco) wins the silver medal, just behind "Dubai Multi Commodities Center" (United Arab Emirates).
Cameroon: A 53 km section of the Kribi-Grand Zambi road is expected to be commissioned in March 2021. The project is financed by the African Development Bank and by public funds. This road infrastructure on the National Road n°22 aims to facilitate the accessibility of the deep-water port of Kribi.
Benin: Creation of the Observatory for the Quality of Financial Services, aiming at strengthening the attractiveness of the financial system and contributing to business climate improvement. Field of action: credit institutions, decentralized financial systems, electronic money institutions, insurance companies and the Post Office of Benin.
Cameroon: The Philippine company lnternational Container Terminal Services Inc. (ICTSI) takes over the concession of the multipurpose terminal of the port of Kribi, with a capacity of 1.2 million tons of products per year.
Ghana: Amandi Holdings Ltd will build a 102 km section of the Western Railway Line connecting the port of Takoradi and the Huni valley. The contract includes the building of stations as well as the delivery of two freight locomotives and 64 ore transport wagons. Investment: 560 M USD. The project remains subject to Parliament's approval.
Ethiopia: Commissioning of the “Bahir Dar Industrial Park”. Location: Bahir Dar (Amhara region, north of Addis Ababa). Investment: $ 60M (China). Activities: textiles.
In Burkina Faso, Faso Energy has commissioned the country's first photovoltaic solar panel manufacturing plant. Location: Kossodo industrial zone. Investment: $ 5.3 million. Production capacity: 60 to 100 panels per day. Unit capacity of the panels: 260 to 330 watts, or a production capacity of 80 to 120 MW per year. Technology of 5 bus bars on the cells. Production intended for the Burkinabé and African market in general. Jobs created: 170 direct and 1,200 indirect.
Namibia: The African Development Bank has published a report on the commissioning of the new container terminal at the port of Walvis Bay, which has been operational since August 2019. This terminal has a 600m quay and is equipped with 4 cranes. By adding the additional 750,000 TEUs of this new terminal, Walvis Bay now has a capacity of over 1MEVP.