Grindrod Limited, the JSE-listed freight logistics company, has announced that its subsidiary Grindrod Trading Holdings (Pty) Ltd has acquired a 20 per cent share in Senwes Limited for R444mn (US$44.75mn) at a price of R12.29 (US$1.23) per share
Logistics
Zambia seeks investors for the rail sector developments
The Zambian government is looking for investors to provide funding to develop three greenfield railway lines that will attempt to improve the countrys transportation services
Bechtel launches new port design for Africa
Construction, engineering and project management firm Bechtel has claimed that it has created a design for ports that could transform shipping in Africa in the years to come
Kenneth Kaunda International Airport expansion given green light
The Zambian government and China Jiangxi Corporation for International Economic and Technical Cooperation have concluded negotiations for the expansion of the Kenneth Kaunda International Airport (KKIA) at a cost of US$385mn
South African and Namibian port authorities sign MoU
South Africa’s Transnet National Ports Authority (TNPA) has announced it has signed a Memorandum of Understanding (MoU) with the Namibian Port Authority (Namport) to share technical expertise and help develop competitiveness of trade in the region