Many businesses around the globe are facing significant financial challenges due to COVID-19. Disruption in the global supply chain, mandatory quarantine/lockdowns, and significant increases in unemployment rates are contributing to changes in consumption patterns, thereby causing cash flow issues for many businesses.
It started as a very promising year for Africa. Having officially inaugurated a landmark continental agreement, the African Continental Free Trade Agreement (AfCFTA, in July 2019, following a record time for its ratification, and having selected Ghana to host the Secretariat of the African AfCFTA, expectations were high for a successful start of intra-African trading in July 2020, accelerating regional integration and economic development for the continent of 1.3 billion people, with its estimated GDP of $2.5 trillion.
Industry stakeholders have expressed satisfaction with the progress made by a special task team set up to tackle traffic pressure and congestion in the Port of Durban’s Bayhead Precinct and surrounding road networks
Ghana Maritime Authority says there has been no noticeable decrease in shipping arriving at Ghana’s ports since the onset of the COVID-19 pandemic.
Kelly Easton, Programme Director at Transport Evolution speaks to newly appointed Chief Executive of Transnet Engineering, Ralph Mills on his plans for transforming Transnet Engineering to take its rightful place in the rail domain and in the national economy.
U.S. President Donald Trump’s sparring with China is playing out in an unlikely new arena: the sandy turf of northern Mozambique, one of the world’s poorest countries.
As the world is getting to a new order, some countries are now working out how to get back into business as usual (BAU). In Australia, the decisions around the opening up of the economy are arguably more difficult than those preceeding the shut down.
Covid 19 has struck South Africa and exposed weaknesses in our healthcare system, compromised our economy and negatively impacted our retail sector. As TPT we take it upon ourselves to change the course of our countries trajectory. As an essential service provider, we continue to transport health supplies and retail products through our container sector […]
Port concessionaires under the aegis of the Seaport Terminal Operators Association of Nigeria (STOAN) have collectively donated the sum of N700million to the federal government to support the country’s effort to curtail the spread of the coronavirus disease (COVID-19). STOAN Chairman, Vicky Haastrup, who disclosed this in Lagos, said no effort should be spared towards […]
According to local media reports, the newly elected Secretary-General of the African Continental Free Trade Agreement (AfCFTA) secretariat, Wamkele Mene, revealed that the implementation of the AfCFTA agreement will not begin on July 1st, 2020 as planned due to disruptions caused by the global pandemic.
Despite South Africa having a strong presence on the railway scene – claiming almost 30% of the continent’s kilometres and more than 60% of its rail freight – the country’s rail manufacturing sector has not leveraged this position to lead in the manufacturing of rolling stock on the continent, says RailRoad Association of South Africa […]
Kenya is currently going through a bruising cycle. From the sporadic inflation movement in 2019, to the current Covid-19 pandemic that is yet to fully show its full impact on not only the local economy but also that of the continent and globe at large. Already, unemployment is on the rise, and the economy is […]
Transnet group CEO Portia Derby has made further senior management changes at the state-owned port and freight rail operator in another move to clean-up its governance structures compromised at the height of State Capture. In an internal memo to staff dated 30 April 2020, which has been seen by Business Maverick, Derby and the Transnet […]
Turkey is building on its already-strong relationship with Somalia as it accepts an invitation to explore for oil in its seas. Ankara has spent years building trust in the region as it seeks to increase its influence. Turkey’s influence in the Horn of Africa is back in the spotlight, following the announcement that Somalia has […]
Nairobi — Tullow oil has suspended the trucking of Turkana crude oil citing severe damages by adverse weather conditions that were experienced in the last quarter of 2019. In a Trading Statement & Operational Update released Wednesday, the company said the trucking procedures are currently halted and will resume construction once the roads are […]
The public-private partnership is expected to attract R20 billion in private sector investment over the next 20 years. Ports and logistics parastatal Transnet is moving ahead with plans to develop a new ‘inland port’ in Gauteng and on Wednesday announced the winning bidder that will develop and operate the R2.5 billion Tambo Springs […]
Nagaff Decries 40% Cargo Charges By Aviation Handling Companies, Seeks Shippers Council’s Intervention
The National Association of Government Approved Freight Forwarders, NAGAFF, has decried the hike in cargo charges by the Nigerian Aviation Handling Company, NAHCO, and Skyway Aviation Handling Company, SAHCO, which it says has risen by as much as 40 per cent. In a chat with Vanguard Maritime Report, President of the Association, Increase Uche, […]
Developing infrastructure that caters to the needs of society is fundamental to the creation of smart cities, which are not the result of new buildings, but of the increasingly critical role that technology plays in making urban buildings smart, says Johnson Control sub-Saharan Africa GM Archibald Makatini. Smart city technology, green building solutions and […]
Transport Minister Fikile Mbalula has praised the completed upgrade of the Umhlatuze River bridge between the Mtunzini toll plaza and Empangeni, saying it is “by no means a small step for road users”. Mbalula officially opened the upgraded bridge on Friday, where he emphasised the importance of infrastructure in connecting communities. “Every gravel […]
The promoters of liquefied natural gas (LNG) import terminals at Maputo, in Mozambique, and Richards Bay, in South Africa, insist that the two proposed projects can be complementary rather than competitive as there is sufficient existing demand and growth potential in the region to support both initiatives. In early December, Total and Gigajoule signed a […]
Tender issued for building of new maritime school SOUTH AFRICA, Durban: Plans to build a dedicated maritime-focused school in Durban were revealed this week as the Development Bank of South Africa released a request for proposals for the construction of the school on the site of an existing school in the Umlazi District. […]
In line with its strategy to develop and provide logistical solutions on various corridors. Grindrod, the JSE-listed freight logistics and financial services company, has commenced construction of a R175 million 270 000m2 state-of-the art AutoPort just off the N3 in Camperdown between Pinetown and Pietermaritzburg in KwaZulu-Natal. The R105 million first phase of […]
A rail revitalisation agreement has been inked between Ghana Railway Company Limited(GRCL) and State Owned Logistics Company Transnet to restore the Western Railway line in Ghana. The signing ceremony was led by Dr Popo Molefe and witnesed by the President of Ghana Nana Akufo Addo and the President of South Africa Cyril Ramaphosa. The […]
Malawi has secured a $36.7-million concessional loan from the African Development Bank (AfDB) for the rehabilitation of a 55 km road that connects the districts of Ntcheu and Machinga, in the central and Machinga and eastern regions of the country respectively. The Nsipe road rehabilitation project will be implemented as part of the Nacala […]