logo
Ivory Coast port operator to invest in inland logistics

Ivory Coast port operator to invest in inland logistics

Reuters14-05-2025
ABIDJAN, May 14 (Reuters) - Africa Global Logistics, which operates Ivory Coast's main port, plans to invest over 60 million euros ($67 million) in inland logistics over the next five years to boost its position as a transport hub and gateway for landlocked West African nations.
The company plans to establish operational hubs across Ivory Coast and develop dry warehouses equipped with cooling facilities, Regional Director Asta-Rosa Cisse told Reuters.
As well as operating Abidjan's main port in Ivory Coast, the world's top cocoa and cashew producer, Africa Global Logistics (SDSC.CI), opens new tab handles shipments to and from landlocked neighbours Burkina Faso and Mali.
The company, owned by Mediterranean Shipping Company, also handles other commodities including cotton, rubber, bananas, mangoes and palm oil.
"Abidjan suffers from centralisation, with everything converging on the port," Cisse said.
The company plans to decentralise operations by establishing hubs in Ferkessedougou in northern Ivory Coast, Bouake in the centre and San Pedro in the southwest, aiming to improve speed and efficiency, she said.
Import and export traffic at Abidjan's main port is expected to rise by 50% this year to about 1.8 million 20-foot equivalent units (TEUs), from 1.2 million TEUs last year, said Cisse.
"Today, our traffic is on the rise, in line with the economy of the region. The region's dynamism is boosting both export and import traffic," she said.
The second container terminal at Abidjan's main port, completed in late 2022, has increased traffic by accommodating large vessels from Asia, Europe, and the Americas, which previously had to offload cargo in South Africa before transferring goods to smaller vessels bound for West Africa.
The expansion of the middle class, with its increased consumption of European goods, alongside a rise in infrastructure construction attracting numerous products, has contributed to the surge in traffic at Abidjan, Cisse added.
($1 = 0.8909 euros)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Canada to help lumber industry cope with US tariffs, says Carney
Canada to help lumber industry cope with US tariffs, says Carney

Reuters

time6 minutes ago

  • Reuters

Canada to help lumber industry cope with US tariffs, says Carney

OTTAWA, Aug 5 (Reuters) - Canada will provide up to C$1.2 billion to help softwood lumber producers deal with U.S. countervailing and anti-dumping duties, Prime Minister Mark Carney said on Tuesday. Carney, speaking to reporters in the Pacific province of British Columbia, said Ottawa would make up to C$700 million available in loan guarantees and also provide C$500 million to help speed product development and market diversification. ((Reporting by David Ljunggren, editing by Promit Mukherjee)) (Reuters Ottawa editorial; opens new tab)) Keywords: USA TARIFFS/TRUMP CANADA

Ryanair sets monthly passenger record despite air traffic control strikes
Ryanair sets monthly passenger record despite air traffic control strikes

Glasgow Times

time22 minutes ago

  • Glasgow Times

Ryanair sets monthly passenger record despite air traffic control strikes

The Dublin-based carrier announced 20.7 million passengers travelled on its flights in July. That is up 3% from 20.2 million during the same month last year. Its load factor – which represents the average proportion of seat filled on its aircraft – was stable at 96%. Ryanair said it operated more than 113,000 flights in July and cancelled 680, mainly because of French controller strikes. French ATC staff took industrial action on July 3 and 4 in a dispute over working conditions. As well as disrupting flights to and from French airports, the walkouts affected flights scheduled to travel over French airspace. This meant many services to or from UK airports were delayed or cancelled. EasyJet chief executive Kenton Jarvis previously described the French strikes as 'very, very disruptive' as they forced the airline to cancel 660 flights and cost it £15 million. Around 70% of easyJet's flights either fly to or from a French airport, or over the country's airspace. European air traffic management body Eurocontrol estimated the strikes affected more than one million passengers. Meanwhile, a radar fault suffered by UK ATC provider Nats led to more than 100 UK flights being cancelled on July 30.

Manchester United fans announce opening day protest and say ‘Jim Can't Fix This'
Manchester United fans announce opening day protest and say ‘Jim Can't Fix This'

Glasgow Times

time22 minutes ago

  • Glasgow Times

Manchester United fans announce opening day protest and say ‘Jim Can't Fix This'

The 1958 have organised numerous demonstrations in recent years calling for a change in ownership and will march to Old Trafford on August 17, with new banners being produced reading 'Jim Can't Fix This'. Ratcliffe owns a 28.94 per cent stake in United and has overseen wide, often unpopular, changes since taking over day-to-day operational control from the Glazers in February 2024. Avram Glazer and Sir Jim Ratcliffe speak to Manchester United chief executive Omar Berrada at the Europa League final (Andrew Milligan/PA) A spokesman for The 1958 said: 'It's a new season but the same old ownership issues. Twenty years of the Glazers and their debt mountain is 20 years too long. Enough is enough. 'We won't allow some natural optimism and a couple of shiny new signings to deflect from the bigger off-field picture. 'Jim Ratcliffe chose to get into bed with the Glazers and in our opinion is helping keep them in charge. 'So on 17th August, we protest not just against the Glazers, but now also against Jim Ratcliffe – a man once seen by many, including ourselves, as a possible saviour, a beacon of hope but now revealed as complicit in the ongoing erosion of everything that makes our club what it is. 'This is no longer just about ownership; this is about survival – the survival of our identity, our community, and our values.' The 1958 spokesman said the protest is for 'every fan who has been silenced, evicted, priced out and disregarded', adding 'this is about the future of football'. The group representative added: 'Jim Ratcliffe, you have chosen your side and it is not ours. You now stand shoulder to shoulder with the Glazers. The mask has slipped. You are no saviour. You're like a (red) devil in disguise.' Ratcliffe suggested in March that he would walk away from United if he ever suffered abuse on the level of that directed at the Glazer family. Sir Jim Ratcliffe has been hands-on since being Manchester United co-owner (Lucy North/PA) 'It can be unpleasant,' Ratcliffe said in the Times. 'And I've probably failed on the having fun front. 'I can put up with it for a while. I don't mind being unpopular because I get that nobody likes seeing Manchester United down where they are, and nobody likes the decisions we're having to make. 'Eventually, if it reached the extent that the Glazer family have been abused, then I'd have to say, 'look, that's enough guys, let somebody else do this'.' United finished 15th in the Premier League last season – their lowest top-flight finish since 1974 – and missed out on European qualification after losing the Europa League final to Tottenham.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store