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AFRICA MICRO navigational aids and provide warehouse services for cargo.” In the fiscal year ending June 2009, the port handled 7.795 million tons, up 4.2% from the previous fiscal year. This was 88% of all the cargo tonnage handled by the Tanzania’s port. The port’s capacity is 11 million tons but that will be increased under an expansion and modernization program. The port of Beira in Mozambique is the sixth largest port. It is growing very rapidly. In 2010, it handled 1.29 million tons of cargo and this year, it is expected to handle 1.4-1.5 million tons. This data however does not include coal from the recently opened coal mine at Moatize in the western part of the country. Coal exports began in September 2011 and are expected to reach over 6 million tons a year. The recent dredging of the harbor will allow the port to service ships as large as 60,000 tons, 24 hours a day. There are plans to build a new dock, a fertilizer terminal along with both sugar and tobacco warehouses. Two new container cranes will be acquired by the end of 2012. Cargo tonnage handled is expected to double between 2010 and 2015. The Beira Container Terminal and the Beira General Cargo terminal are operated by Cornelder de Mozambique, a joint-venture between the Cornelder of the Netherlands (part of the Royal Burger Group), which owns a 70% stake, and the Mozambique Ports and Railway Company (CFM), a state owned company. Throughout Africa, port facilities are being expanded, upgraded, reJoab’s Technologies and Research.ted and modernized to accommodate increased trade, particularly the export of minerals, coal and timber but also in response to increased imports. New ports have been built at Djibouti and Tangier, which is now the principle port for Morocco, handling 70% of all imports and exports. Ports are under construction in Lamu, Kenya, Techobanine in Mozambique and Barrado Dande, which is north of Luanda, Angola.

KEY SECTOR TRENDS AND OUTLOOK

Republic, Chad, Comoros, Djibouti (the rail link to Addis Abba is inoperable), Equatorial Guinea, Ethiopia (rail link with Djibouti is inoperable), Gambia, Guinea Bissau, Lesotho, Libya (a rail system was under construction but was halted by the civil conflict), Mauritius, Niger, Rwanda, Sao Tome and Principle, Seychelles, Sierra Leone, Somalia and South Sudan (there is a rail network but it is in such disrepair that it cannot be used). Most of the rail systems are government owned with the notable exception of Cameroon. Its railway is operated by Camrail, a subsidiary of the French investment group Bollore. In Gabon, SETRAG, a subsidiary of the mining company COMILOG (67% owned by the French mining company Eramet), was granted a 30-year concession in 2005 to operate the TransGabon Railway. The Dakar to Koulikuro (Mali) line is managed by Transrail, a Canadian-French management consortium that was bought in 2007 by the Belgian company Vecturis. Except for South Africa, the electrification of the railway system is either very limited or nonexistent. In Algeria for instance, just 9.8% of the railway lines are electrified and in the Democratic Republic of the Congo, it is 23.6%. In Nigeria, all trains are pulled by diesel locomotives. There are about 200 locomotives, of which around three quarters are not operational. Of all the passenger coaches and freight wagons, less than half are in serviceable condition. No new wagons have been bought since 1993 and some wagons date to 1948. Tracks are in such poor condition that the speed limit is a maximum of 35 km per hour. Many countries do not have rail links to other neighboring countries. Among them are Ghana, Benin, Togo, Angola and Togo. Passenger service throughout the continent is usually slow, crowded, and the condition of the coaches is generally poor. On some passenger lines there are no time table schedules and service is sporadic. The Botswana rail system ceased passenger service in 2009 because of the poor condition of the system.

The boom in port traffic has attracted a great deal of foreign interest. Dubai Ports for example manages the ports at Djibouti, Algiers and the Maputo Container Port and is responsible for operating and developing the port of Dakar. APM of Denmark operates and manages port facilities in Abidjan, Douala, Luanda, Monrovia, Onne and Apapa in Nigeria, Tema, Ghana, Port Elizabeth in South Africa and Port Said in Egypt. In 2009, a joint venture between Getma International of France and Global Terminal Ltd of the US, signed a contract with Port Authority of Lome to expand and operate container services at the port of Lome under a 35 year concession.

Tanzania and Rwanda have committed themselves to the construction of a new rail line between the two countries. Work will begin in mid 2012 and is expected to be completed within five years. The Dar es Salaam to Kigali line is expected to cost at least $5.3 billion.

Railway System With the exception of South Africa, the railway system is not extensive in Africa and much of it is in poor or decrepit condition which limits speed. Twenty nations have no railway service at all; Burundi, Cape Verde, the Central African

There are some ambitious rail projects in the development stage. Among them is a $3.4 billion project to link Tanzania, Rwanda and Burundi, a Dakar-Djibouti cross African rail line, the Africa Rail project for West Africa which would connect the railway systems of Ivory Coast, Burkina Faso, Niger, Benin and

Joab’s Technologies and Research, Natu Court Flat B.

Kenya has plans to build a modern commuter rail network for Nairobi, Mombasa and Kisumu by 2017. In August, the Kuwait Fund for Arab and Economic Development loaned Morocco $89.2 million as part of the first phase of constructing a HighSpeed Train project that will link Tangier and Casablanca.

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Equity Research in Africa, Like an Electric Train Africa is picking up, a True Emerging Market  

Economic analysis of Africa as a whole, as well as of particular countries and sectors, with special regard to their potential as investment...

Equity Research in Africa, Like an Electric Train Africa is picking up, a True Emerging Market  

Economic analysis of Africa as a whole, as well as of particular countries and sectors, with special regard to their potential as investment...

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