Temenos announces fund administration partnership with Curo

Temenos announces fund administration partnership with Curo

Thursday, 15 November 2018 07:45

Banking so...

Clear Blue Technologies lists on Frankfurt Stock Exchange

Clear Blue Technologies lists …

Thursday, 15 November 2018 07:30

Clear Blue Technologies, which provides smart off-grid power, technology, and services, has listed on Frankfurt Stock Exchange

DP World Kigali’s logistics platform

DP World Kigali’s logistics pl…

Wednesday, 14 November 2018 13:00

DP World and the government of Rwanda have established a logistics hub located 20 km from the capital, Kigali, near...

IDC, AfDB to drive industry and infrastructure development in Africa

IDC, AfDB to drive industry an…

Wednesday, 14 November 2018 11:30

The African Development Bank (AfDB) and the Industrial Development Corporation (IDC) of South Africa, have signed a US$100mn loan agreement...

Azuri, APA to give insurance cover for customers in Kenya

Azuri, APA to give insurance c…

Wednesday, 14 November 2018 10:15

Azuri Technologies, pay-as-you-go solar power provider, and APA Insurance, Kenya’s insurer, have launched HospiCash, a low-cost micro-insurance product for Azuri...

Nigeria’s Unity Bank to move branch network to solar power

Nigeria’s Unity Bank to move b…

Tuesday, 13 November 2018 13:30

Unity Bank has agreed to work with Daystar Power in moving the power supply of Unity Bank’s branches across Nigeria...

Mara Group announces first Africa-made smartphone

Mara Group announces first Afr…

Tuesday, 13 November 2018 11:24

African high-tech player Mara has announced the production of their newest product-the Maraphone

Africa Investment Forum ends with US$32bn investment deals

Africa Investment Forum ends w…

Tuesday, 13 November 2018 09:00

The Africa Investment Forum has ended on a high note with 45 deals worth more than US$32bn secured investment interest

Africa holds firm despite external challenges

Africa holds firm despite exte…

Monday, 12 November 2018 14:00

The US$2 trillion-plus sub-Saharan Africa (SSA) economy, home to a growing urban middle-class population and vast untapped markets continues to...

‘People and organisations lack trust when it comes to their online data’

‘People and organisations lack…

Monday, 12 November 2018 11:30

A new study of mid-size businesses and consumers by Kaspersky Lab shows that many are confused and lack trust in...

ShelterTech accelerator programme debuts in Kenya

ShelterTech accelerator progra…

Monday, 12 November 2018 10:00

Habitat for Humanity’s Terwilliger Centre for Innovation in Shelter, an organisation that is solving the technology challenges faced by those...

‘Structured trade finance is pathway to boosting intra-African trade’

‘Structured trade finance is p…

Monday, 12 November 2018 08:01

Structured trade finance offers Africa a vital pathway to boosting intra-African trade and increasing the continent’s global exports stated Amr...

Use of flammable refrigerants may increase in the air conditioning and refrigeration industry: Danfoss

Use of flammable refrigerants …

Monday, 12 November 2018 04:50

Luigi Zamana, senior marketing director at Danfoss Commercial Compressors, and Alexander Abrass, sales director at Danfoss Cooling Segment for the...

Temenos addresses challenges and opportunities of South African banking sector

Temenos addresses challenges a…

Friday, 09 November 2018 13:57

Temenos, the banking software company has announced the launch of its South African “Bank of the Future” Think-Tank

Lusophone Africa sets sight on US$5bn in projects

Lusophone Africa sets sight on…

Friday, 09 November 2018 13:00

Lusophone (Portuguese speaking) countries have identified a pipeline of more than US$5bn in private sector and private-public partnership (PPP) projects...

BKT to build US$100mn tyre production factory in US

BKT to build US$100mn tyre pro…

Friday, 09 November 2018 06:18

Balkrishna Industries Limited (BKT), one of the leading India-based off-highway tyre manufacturers, has announced a US$100mn construction project for a...

Construction starts at DP World US$442mn Berbera port in Somaliland

Dp WorldDP World group chairman and CEO Sultan Ahmed bin Sulayem at the official ceremony to mark the start of construction for the development of DP World Berbera in the presence of H.E. President of the Republic of Somaliland Muse Bihi Abdi (Image source: DP World)H.E. president of the Republic of Somaliland, Muse Bihi Abdi and DP World group chairman and CEO Sultan Ahmed bin Sulayem has launched the first phase of construction work at Berbera port in Republic of Somaliland

The first phase will consist of building a 400m quay and 250,000sq m yard extension as well as the development of a free zone to create a new regional trading hub. DP World Berbera, the joint venture company, will also serve landlocked countries in the Horn of Africa such as Ethiopia which has a 19 per cent stake in the project as a shareholder.

Sultan Ahmed Bin Sulayem, group chairman and CEO, DP World, said, “This is all part of our vision to act as an enabler of trade and to encourage growth by helping African countries develop their economies with access to global markets. Investment in this natural deep-water port and free zone will act as a catalyst for the growth of the country and the region’s economy and create jobs at many levels. Alongside physical assets, we are investing in the development of the people who work here through training and skills development across our network.”

Shafa Al Nahda Contracting has been awarded the contract for the port expansion. It has been involved in the Port of Dakar expansion in Senegal as well the Port of Maputo expansion project in Mozambique.

The president of Somaliland, Muse Bihi Abdi, added, “Connecting to landlocked countries such as Ethiopia and the rest of the region will reinforce the firm relationships that now exist and make Somaliland an important player in regional economic integration and growth. The importance of the Port of Berbera as a Red Sea gateway for the Middle East and Africa can now be realised, unlocking our potential as a trade hub and creating jobs across the country.”

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
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