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Port of Antwerp invests for first time in West Africa

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Wednesday, 07 September 2016

Port of Antwerp invests for first time in West Africa

The port of Antwerp and the port of San Pedro in Côte d’Ivoire are to collaborate over the next few years to manage further expansion of this West African entrepot. San Pedro, the leading cacao port in the world, aims to develop at regional level so as to become a logistics hotspot for handling commodities such as fertilisers, cashew nuts and cacao, among other things. To achieve this ambition, work will start next year on construction of a logistics platform under the name of “San Pedro Logistique.” Part of the capital cost will be financed by Port of Antwerp International (PAI), the consultancy and investment subsidiary of Antwerp Port Authority. While PAI has already been active in West Africa for many years now, this will be the first time it has made a financial investment in the region.

Source: freshplaza.com