APM Terminals and their Socio-Economic Impact to the West Africa Economy Part 2
In Part One (1) of this series, we explored APM Terminals’ contribution to Nigeria’s Economy. To reiterate one of the points earlier stated, APM Terminals (“the terminal”) has a network of 74 terminals globally. They are located in 9 West Africa countries which are: Benin, Côte d’Ivoire, Ghana, Guinea, Liberia, Mali, Mauritania, Nigeria and Senegal.
APM Terminals in Benin, known as Coman SA Container Terminal is one of the largest terminals in Benin and is located in Cotonou and was established in 1998. The terminal is 100% owned by APM Terminals and has been in operation by the terminal since 2010; unlike APM Terminals in Apapa Container Terminal, Lagos Nigeria, which is on a 25 years concession plan with the Federal Government of Nigeria. The Terminal has an annual throughput of around 300,000 TEUs, operates 5 mobile harbour cranes with a maximum lifting capacity of 144 tonnes. The terminal operates 24/ Ghana 7 and is open 365 days a year. APM Terminals has played a significant role in curbing the unemployment rate in West Africa which is about 10 – 15%. The Coman SA Container Terminal has about 400 employees. The terminal plays an important role in supporting trade between West African countries being strategically located at the economic center of Benin. The terminal serves as a gateway for Nigerian cargoes and transit cargoes for Niger, Mali and Burkina Faso.
In Ghana, APM Terminals is in a joint venture with Meridian Port Holdings Limited (MPS). MPS is a joint venture between Ports and Harbours Authority (30%), APM Terminals (35%) and Bolloré Transport and Logistics (35%).
The Terminal is recognized by shipping lines as one of the best performing container Terminals in West Africa. In 2020, the $1 billion investment in Tema Port was completed to maintain its reputation as one of the best performing container ports in West and Central Africa. The infrastructural and technological development at Tema Port over the years has turned the Port into one of the most competitive ports in West and Central Africa and has significantly reduced the transportation costs for importers, exporters, shipping lines and all other port stakeholders. The Ultra-modern Container Terminal services has significantly contributed to Ghana’s trade facilitation and by extension lead to the throughput volume increase at the Port of Tema. APM Terminals and MPS have created jobs which has contributed to the socio-economic development in Ghana.
In Cote d’Ivoire, APM Terminals is located at the center of economic activities Abijan. APM Terminals in Abidjan Terminal serves as the primary gateway for containers in Cote d’Ivoire. The excellent road network serves as a major transit point for some West African countries such as Mali, Niger and Burkina Faso.
How Can I Ensure Premium Shipping and Logistics Management During This COVID-19 Pandemic?
TGL is a logistics management company whose vision is to redefine the concept of service delivery in the logistics business primarily in Nigeria and Africa and by extension, the rest of the world.
With a team of over 50 years’ combined experience in freight forwarding, out-country and in-country logistics, compliance/documentation and core technology services, we bring to the table a firm promise to provide a reliable platform for end-to-end logistics solutions for B2B and B2C businesses.
TGL takes care of your cargo shipments. You can save yourself the stress and allow us go that extra mile for you; to offer our extended free time expertise, along with reduced demurrage and detention fees.
Get in Contact with our Experts to discuss your requirements
Phone Number: +234 903 062 2243
Address: 68 Molade Okoya Thomas Street, Off Ajose Adeogun Street, Victoria Island, Lagos, Nigeria.
We are sorry that this post was not useful for you!
Let us improve this post!
Tell us how we can improve this post?