DAKAR, Senegal, 7th February, 2023 (WAM) – DP World's Group Chairman and CEO, Sultan Ahmed Bin Sulayem, called for unlocking private sector infrastructure investments in Africa, to address the challenges faced by the continent's development.Speaking at the 2nd Dakar African Infrastructure Financing Summit in Senegal, he said that the cost of moving goods domestically around Africa is five times higher than in the US and urged for more partnerships to address the gap. “Investing in the continent’s trading infrastructure, as we have in Dakar, is.
The cost of moving goods domestically around Africa is five times higher than in the US and urged for more partnerships to address the gap, says Ahmed bin Sulayem
Senegal president says finance constraints lifted for DP World s $1 1 bln port | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Senegal’s President Macky Sall said on Thursday that financing is in place to enable construction to begin in earnest on a $1.13 billion deep-water port
The partners broke ground in January 2022, but further discussions on finance and legal matters were needed after Sall decided to lift Senegal's stake from 10% to 40%, Abdou Karim Diarra, a spokesman for Dakar Port Authority, said. DP World has said the first phase will include 840 metres of quay and a 5 km marine channel designed to handle 366-metre vessels, with a second phase adding 410 metres of container quay and further dredging to handle 400-metre vessels.