A contract to redevelop the Atlantic port Banjul in Gambia has received a 140-million euro ($159.91 million) bid from a subsidiary of the state-owned China Communications Construction Company (CCCC). Meanwhile, France’s Bollore Group has also submitted an offer to develop the port for hundreds of millions of dollars; a project that officials hope will see
The Red Sea state of Djibouti on Thursday launched a sea port whose main function will be the export of salt, the BBC has reported. The China-funded facility which cost $64m will exclusively export salt from Lake Assal – located in central western Djibouti. It is expected to handle about six million tons of salt each year.
Anglo American’s (AAL.L) diamond unit De Beers on Thursday launched the world’s largest diamond exploration vessel off the coast of Namibia as it looks to maintain high production levels until 2035. The 12,000-tonne, 113-metre-long SS Nujoma was built at a cost of $157 million and is named after Sam Nujoma, Namibia’s founding president. “I am