The African Export-Import Bank has signed a $162.9 million financing agreement with port infrastructure firm APD-Cameroon to support the construction of a $232.8 million port terminal in Douala in June 2024.

This deal aligns with the Cameroonian government's goal to strengthen ties with global investors to enhance logistics services for energy resource development and monetisation.

The logistics sector plays a critical role in Africa, with companies like SONILS, AGL, and AD Ports investing in new equipment and technologies to support oil and gas projects.

DP World, a multinational logistics company, has unveiled a $3 billion investment plan to modernise Africa's infrastructure and services, including $2 billion dedicated to port infrastructure and $1 billion for logistics services.

The Luanda Port Authority signed a 20-year agreement with AD Ports to modernise and manage the Luanda Port Terminal, while AGL launched operations at Angola's Port of Lobito, investing $221.7 million to reduce transit times for commodities headed to Europe and the Americas.

African oil and gas-producing nations are intensifying pipeline infrastructure to increase energy trade, with South Sudan collaborating with China on a new pipeline and Equatorial Guinea and Nigeria signing agreements to develop the Gulf of Guinea Gas Pipeline.

'African nations are making significant strides in developing and monetising their oil and gas resources, offering lucrative opportunities for global logistics firms looking to invest in this highly promising region. Global energy market stability depends on a robust and modern