Categories: News

Namibia opens new port terminal at Walvis Bay

[dropcap]N[/dropcap]amibian president, Hage Geingob has inaugurated a new $200 million port terminal at Walvis Bay, an extension that will double the country’s port capacity from 350,000 containers to 750,000 per year.

The inauguration ceremony was held on the 40- hectare platform reclaimed from the Atlantic Ocean.

Walvis Bay now links Namibia and its landlocked neighbours to the Americas, Europe and Asian markets as well.

“Namibia has now joined countries such as Australia, Brazil, Dubai and the Netherlands in the utilisation of reclaimed land for port expansion. Thus the completion of the container terminal expansion puts us on a firm trajectory towards realising our dream of transforming Namibia into an international logistics hub,” said Geingob.

Namport director, Nangula Hamunyela said the terminal not only increases Namport’s assets to N$7,6 billion, but also launches the company’s goal to become a logistics hub for the southern African region.

According to Geingob, Namibia is linked to neighbouring countries through the various transport corridors and hence, must strive to capitalise on this immense investment for harnessing the vast potential of our Southern African Development Community – neighbours that have no immediate access to the ocean.

China Harbour Engineering Company’s vice president, Li Yi, said his company has participated in more than 100 projects in 90 countries, and that the Walvis Bay container terminal was one of the most challenging.

The African Development Bank partnered with Namport in developing the terminal, which is considered a transformational regional infrastructure project with a loan of about N$3 million complemented by a grant of about N$14 million for the logistics and capacity building component.

Just 25 years ago, Walvis Bay was reintegrated into an independent Namibia, and has since developed from a small fishing port to an international port that facilitates regional trade and economic development, and is able to market itself as an express logistics hub that can compete with some of the best in the world, especially in Africa.

Read Also

South Africa mulls first LNG import terminal

theafricalogistics

Recent Posts

TrumpRx Launch: What the New Drug Pricing Website Means for Patients

In a move that is already making waves across the healthcare and political landscape, US…

38 minutes ago

Technology Adoption in African Logistics: Comparing South Africa, Kenya, and Egypt in 2025

Logistics is the backbone of Africa’s economic growth. In 2025, as trade flows expand under…

5 days ago

CSL Shares Plunge Amid Trump’s Tariff Announcement and Strategic Overhaul

CSL Limited (ASX: CSL), one of Australia’s leading biotechnology firms, has seen its share price…

5 days ago

Trump’s 100% Pharma Tariff: What It Means for Indian Drugmakers

U.S. President Donald Trump has announced a 100% tariff on imported branded and patented pharmaceutical…

5 days ago

U.S. Stocks Falter as Strong Growth and Low Jobless Claims Rattle Markets

U.S. equities dipped today, reflecting investor caution as the latest economic data complicates the Federal…

6 days ago

Iron Hill Brewery Shuts Doors: What Led to the Abrupt Closure of All Locations

Iron Hill Brewery & Restaurant, a beloved chain known for its craft beers and casual…

6 days ago