Wednesday , 18 September 2019
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Maersk targets Nigerian and Kenyan ports in African expansion

Maersk is seeking to win contracts to build and upgrade ports in Nigeria and Kenya as it  expands its African operations.

The company is awaiting a final sign-off on a contract to help build a new port in Badagry in Nigeria’s southern Lagos state, according to Lars Reno Jakobsen, the company’s senior vice president for Africa.

“That project, once it has been finalised could be more than US$2bn in terms of investment,” he said in an interview at the World Economic Forum in Cape Town in early June. “Hopefully we can start some time this year. It will provide capacity, not only for containers, but also for oil, break-bulk and offshore.”

Maersk employs almost 10,000 people in more than 40 African nations and and its  APM Terminals unit operates 10 West African ports.

“We are actively looking in East Africa for opportunities,” Jakobsen said. “There is an ongoing tender process for the port of Mombasa, where APM Terminals has shown interest” in building two new berths in the Kenyan city.

Maersk is also working on a US1bn expansion to Ghana’s Tema port in collaboration with the west African nation’s ports authority. The project includes the construction of four new berths and will more than quadruple the port’s capacity.

In 2013, Maersk partnered with Bollore SA and Bouygues SA to win a €450m (US$500m) contract to build a second container terminal in Abidjan, Ivory Coast’s commercial capital. The terminal should start operating next year as planned, Jakobsen said.