(Ecofin Agency) – The African continent has become in recent years an important player in the port sector and the global logic chain. A positioning that interests large groups specializing in the field.
APSEZ (Adani Ports and Special Economic Zone Limited), India’s leading private port operator and AD Ports, formerly Abu Dhabi Ports Company, announced late last week the signing of a Memorandum of Understanding to develop logistics infrastructure in Tanzania.
The partnership consists of making joint investments to develop rail, maritime services, port operations, digital services and an industrial zone, as well as the creation of a maritime academy.
“This MoU is significant in its impact on both Tanzania’s ability to transform into an African trading hub as well as our ability to further develop our global capabilities and connections that will deliver goods to market. faster and more efficiently »indicates APSEZ in a press release published on Thursday, August 4.
The agreement comes in a context where new players in the port and logistics chain are increasingly eyeing the African market and are pooling their resources to steal a share of the market from multinationals already active on the continent.
The partnership could, however, enable Tanzania to secure new investments to pursue its plan to make the country the main trading hub on the east coast of Africa, a position fiercely contested by Kenya. The ports of the two countries follow each other in terms of traffic, with 37 million tonnes of goods handled before Covid-19 for the port of Mombasa and 17 million for that of Dar es Salaam.
Currently at the port of Dar es Salaam, the country’s main port complex, major modernization works started in 2015 are continuing according to a ten-year plan of $421 million called Dar es Salaam Maritime Gateway (DMGP), with the aim of bringing traffic to 25 million tonnes by 2025. This investment is associated with a vast railway project that will connect the port to neighboring landlocked states, including Uganda, Zambia, Rwanda, Burundi, DRC.
APSEZ collaborates with AD Ports Group for infra investments in Tanzania – Times of India (indiatimes.com)
APSEZ and AD Ports Group sign a pact for joint investments in logistics infrastructure in Tanzania (moneycontrol.com)