Latest news with #AfricaGlobalLogistics
TimesLIVE
21-05-2025
- Business
- TimesLIVE
SA is committed to policy certainty, Paul Mashatile says at France meet
Mashatile said he hopes French businesses will choose SA as a gateway to Africa, leveraging on the country's advanced financial sector and growing population. He said SA had curated an investment book of $40bn (R7.1-trillion) in public and private sector projects that are ready for investments. He said SA was aiming to attract investments in critical minerals including lithium, vanadium and cobalt which are available in the country. It also wanted French investment in infrastructure, green energy and pharmaceutical technology. 'We are looking at our partners including France to bring advanced and sustainable innovation,' he said. Mashatile said since the first South African investment conference in 2018, French companies had committed more than R70bn with most projects either completed or being implemented. Announcements included renewable energy generation capacity, manufacturing, retail agribusiness and other services sectors, he said. 'On the trade side, we need to extend our trade basket and SA will be a partner for high value-added products. We have a list of the top 100 products we would like to introduce to the French markets through inward buying, exhibitions and sourcing,' he said. Also speaking at the conference, Laurent Saint-Martin, French minister of commerce, said France was a gateway to the European market. 'France has been the most attractive destination for foreign investment in Europe for six consecutive years,' said Saint-Martin. He said the European market had more than 415-million people and strong infrastructure. He said companies including SA's Sibanye-Stillwater had taken advantage of potential in Europe. Philippe Labonne, CEO of Africa Global Logistics, said SA was considered a gateway for Africa. He said there were more than 480 French companies and their local branches in SA, representing 65,000 direct jobs. 'We are ready for many more partnerships with your country and with South African companies. 'French companies are interested. We have built strong partnerships with South African companies to release the potential of the country and the region.' Labonne said there were opportunities to invest in infrastructure, including building roads, railroads, ports and sanitation. 'We have great experience in agro-processing which is also a priority sector.'
Zawya
16-05-2025
- Business
- Zawya
Africa Global Logistics invests $67mln in Ivory Coast logistics expansion
Africa Global Logistics, operator of Ivory Coast's main port, has announced plans to invest over €60m (US$67m) in inland logistics over the next five years. The move aims to strengthen the country's position as a key transport hub and trade gateway for landlocked West African nations. Boats are seen at a quay of the port of Abidjan, Ivory coast, December 03, 2021. Picture taken December 03, 2021. REUTERS/Luc Gnago/File Photo The company will establish new operational hubs across the Ivory Coast and develop dry warehouses equipped with cooling facilities, regional director Asta-Rosa Cisse confirmed. Alongside managing Abidjan's main port — the primary export point for the world's top cocoa and cashew producer — Africa Global Logistics handles shipments to and from neighbouring Burkina Faso and Mali, and trades in a range of 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. Port traffic expected to surge by 50% 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. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
TimesLIVE
15-05-2025
- Business
- TimesLIVE
Ivory Coast port operator to invest in inland logistics
Africa Global Logistics, which operates Ivory Coast's main port, plans to invest over €60m (R1.22bn) 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, the world's top cocoa and cashew producer, and develop dry warehouses equipped with cooling facilities, regional director Asta-Rosa Cisse told Reuters. As well as operating Abidjan's main port, Africa Global Logistics 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.
Reuters
14-05-2025
- Business
- Reuters
Ivory Coast port operator to invest in inland logistics
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 ( 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)
Ya Biladi
24-04-2025
- Sport
- Ya Biladi
Patrice Motsepe : Morocco's football success reflects the King's visionary leadership
The success of Moroccan football and the significant strides made by Morocco in sports are a testament to the visionary leadership of King Mohammed VI, said Patrice Motsepe, President of the Confederation of African Football (CAF), on Wednesday in Johannesburg. «This success is also the result of tireless efforts by the government and the Royal Moroccan Football Federation to develop this promising sector and boost the Kingdom's and its teams' influence not only across Africa but around the world», Motsepe told MAP on the sidelines of a signing ceremony marking the renewal of the strategic partnership between CAF and Africa Global Logistics (AGL), a key logistics player on the continent. Motsepe shared his pride in the feedback he received during his recent visit to Morocco for the U17 Africa Cup of Nations final, where the Atlas Cubs clinched the continental title. «During our visit to several stadiums in Morocco, the CAF delegation was impressed by the quality of the high-level sports infrastructure», he said, also commending Morocco's achievements in modernizing sports facilities, improving accessibility, and advancing overall sports development. At the same signing ceremony, Motsepe also praised the Atlas Lions' historic performance at the Qatar World Cup—as the first African and Arab team to reach the semi-finals—along with the accomplishments of the U17 squad and other Moroccan national teams. «At CAF, we are proud of Morocco's remarkable achievements in sports, and football in particular», he said, adding, «The Kingdom's success is also a success for all of Africa». CAF has officially renewed its partnership with Africa Global Logistics, naming AGL as the official logistics partner of African football.
