Dakar, Senegal, where unloading costs are one third less due to better infrastructure. Bissau handles 85 percent of the

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NEWSLETTER MAY 2011 Ports June Bank holidays: 1st : Kenya 2nd : Angola, Benin, Cameroon, Congo, Cote d'ioivre, France (Reunion), Gabon, Madagascar, Namibia, Senegal, Togo 5th : Angola, Equatorial Guinea 10th : Congo 13th : Angola, Benin, Congo, Cote d'ioivre, France (Reunion), Gabon, Madagascar, Namibia, Senegal, Togo 21st : Togo 23rd : Equat. Guinea 25th : Mozambique 26th : Madagascar 27th, 28th, 29th : Djibouti 28th : Cameroon 29th : Cote d'ivoire 30th : Congo (D. R.) 1 Angola : The new jetty at the port of Cabinda in Angola may start operating as of September 2012, which would make it possible for two 130-metre ships to moor there at the same time. The steel section of this project, which will provide the port with a 319-metre long and 32-metre wide jetty, was manufactured in China. Construction of the jetty is in the hands of the China Gezhouba Group Company (CGGC). Lembe also said that the new jetty would provide the province with a new economic dynamic by providing safer conditions to receive large ships and to handle cargo. Guinea-Bissau, Africa s fifth biggest exporter of cashew nuts, may lose its primary container port within two years as sediment builds up, said an official from the World Bank. Water levels at the capital city port, Bissau, are becoming too shallow for container ships. There s hasn t been one dredging of any single river since the early 70s. The port of Guinea-Bissau competes with the neighboring ports of Banjul, Gambia and Dakar, Senegal, where unloading costs are one third less due to better infrastructure. Bissau handles 85 percent of the country s exports and 95 percent of imports. Built to handle ships holding 5,000 containers, the port currently manages ships with 20,000. Most of the country s fuel is now trucked across more than 400 kilometers (249 miles) from the port of Dakar. The government has expressed an interest in pursuing a public-private partnership to manage the port with the International Finance Corp, a branch of the World Bank. The state is also working with Angolan mining company Bauxite Angola to build a port at Buba to the south of Bissau, Pereira said. The depth of the port and its distance from the capital mean it may not be a substitute for Bissau. Kenya : Current plans to privatise Kenya s Mombasa port have hit hot-button politics against the desperate need to modernise and expand a key infrastructural asset. As the largest seaport serving East and part of Central Africa, Mombasa handles 80% of the cargo arriving by sea into the region. The port processes 19m tons of throughput traffic annually. Growth is projected at 10-12% a year, driven by economic growth, strong regional trade, the start of oil production in Uganda and the rise of new markets in post-conflict areas Southern Sudan and eastern DR Congo (DRC). Mombasa remains the favourite entry point for most traders, simply because Kenya is closer to major inland markets and overland transport is not cheap, in particular as long regional railways are only sluggishly rehabilitated..../...

Ports Mombasa is grossly unprepared to meet this demand: The port has one container terminal and a channel that is too shallow to accommodate large modern ships. Port facilities are operating at three times their designed capacity. With existing hardware, the port could conceivably accommodate another 25% increase in traffic. But to meet long-term demand, KES163bn (USD2bn) will be needed over the next decade to finance Liberia : The port in the Liberian capital Monrovia needs urgent rehabilitation and the chances are considerable that a Dutch company will get the job since APM Terminals became the new manager. We will have to rebuild everything. The quay is about 70 years old and hardly any maintenance has been done. It is literally collapsing. Heavy vehicles have been banned from using parts of the quay too dangerous.the decision about who will get the job of constructing the new quay may have been taken in expansion. Three public-private partnership (PPP) projects have been proposed by Kenya s privatisation commission, and assessed by Canadian transport consultants CPCS Transcom. The government-owned Kenya Ports Authority (KPA) would retain ownership of the port itself, but key services would be built and operated by private companies. May. It will be done in three phases. First, a section of 200 metres will be demolished and rebuilt. Then the same will happen for the second and third 200 metre sections. Physical demolition will probably begin in October this year and the whole project will be completed by April 2013.Reconstructing 600 metres of quayside will cost approximately 50 million dollars. Part of a larger investment, estimated at about 120 million USD for the next four years. " 2 Mozambique : Work to repair the Nacala dam in Mozambique s Nampula province is due to begin by the end of June although the contract for the work has yet to be signed with the company that is to carry out the work, which is expected to happen in the next few days. The repairs on the dam are part of the Millennium Challenge Account (MCA) Mozambique s programmes, which over a five-year period will apply funding of US$500 million from the United States Federal Government, in several areas, notably infrastructure. During the launch of the international public tender for selection of the contractor, 40 companies showed interest in carrying out the work, but just nine put forward proposals, from which one will be chosen. Initially, Namibia : The Walvis Bay Corridor Group (WBCG) recently embarked on a business visit to Brazil to promote the group, through the port of Walvis Bay, as the "preferred trade route" between South America and southern Africa and to attract Brazilian exporting companies to establish Walvis Bay as a distribution hub for southern Africa. The WBCG also funding available to restore the dam was set at around US$13 million, but the results of recent studies point to that figure being increased, taking into consideration not only a rise in costs in the construction sector, but also the need for additional work. The Nacala dam was built in the 1970s and was submerged for several days in the floods of 1982 as the sluice gates were not operating, which led to severe problems from water leaks. Once the work has been finished, the water storage capacity of the dam s lagoon will be increased by at least 65 percent, from 4 million cubic metres to 6.6 cubic metres, allowing for expansion of the water supply system to the city of Nacala. made a presentation to business people in the southern province of Brazil, Port Alegro, to create awareness on Walvis Bay as an alternative trade route to southern Africa. Namibia offers the shortest trade route between SADC and South America and therefore it provides significant opportunity for current and future trade with that region..../...

Ports It takes a ship about seven days sailing time between Santos, which is the main port in Brazil to Walvis Bay. With the addition of South Africa to the BRICS (Brazil, Russia, India and China) economic block, it also provides an economic opportunity to Namibia to serve as an alternative gateway for the Gauteng Province in South Africa due to the shorter trade route it offers to importers and exporters between Southern Africa and Brazil. Oil & Gas Industry Angolan crude oil exports are set to increase in July from what is expected to be the lowest level in more than four years in June. Angola is scheduled to export 1.64 million barrels per day (bpd) of crude oil in July. The volume will be slightly higher than planned exports of 1.40 million bpd of crude oil in June. Despite the month-on-month increase, Raw the July figure is about 17 percent below the record high of 1.98 million bpd in October Material Ghana : Tullow Oil Plc, the majority shareholder in Ghana s Jubilee oil fields, says its capital expenditure for the year 2011 will be around $1.5 billion. The UK oil explorer indicates that oil wells in Ghana as well as other significant wells in West Africa are expected to receive a substantial share of this expenditure. Major development decisions are to be made for Enyenra/Tweneboa and Jubilee and a number of significant wells with basin opening potential in West Africa and South America are drilled. Strong production growth is forecast as 2008. The availability of Plutonio crude will return to a normal level of four cargoes in July after being reduced to one to two cargoes in May and June following a shutdown in April. The July provisional data has not yet included Palanca and Gimboa. Normally one to two cargoes of Palanca and one or none of Gimoba are available on the market, making them small streams. production significantly ramps up at Jubilee. Plateau production of 120,000 barrels of oil per day (bopd) is expected to be reached in July as the remaining four production wells are completed and brought on line, said Tullow as gross production from the Jubilee field has increased to over 70,000 bopd from five wells following first oil production at the end of 2010. In an earlier trading statement on January 27, 2011, Tullow spent 10% of its $3.1 billion budget for the first oil production in Ghana. 3 Nigeria s state-owned energy company signed agreements with local units of Royal Dutch Shell Plc (RDSA) and Chevron Corp. (CVX) for the supply of natural gas to the country s power stations. The two agreements, which cover the supply of more than 70 percent of the total gas requirements to the domestic power industry, serve as a framework for future agreements. Nigeria, holder of Africa s largest gas reserves, wants to expand transmission and processing facilities to deliver the fuel to power plants in order to increase generation more than fourfold to about 14,000 megawatts by 2013. Most of the gas currently pumped with crude oil in the nation is flared off due to inadequate infrastructure to process it. Shell will supply 90 million standard cubic feet of gas a day to the country s largest power plant under the new agreements signed. This will assure regular supply of gas and result in improved electricity supply in the country.

Oil & Gas Industry Tanzania : The Irish oil and gas explorer Aminex plc is aiming to start pumping natural gas from its Tanzanian offshore Nyuni block by the first quarter of 2012. An Aminex unit operates the Nyuni block on behalf of other shareholders. Their production-sharing agreement covers the Kiliwani North field, which was discovered in 2008 and tested at a flow rate of 40 million cubic feet per day. The company says the field has reserves of 45 billion cubic feet, with a likely recovery factor of 73 to 83%. In April, the Tanzanian government gave Aminex a development licence for a pipeline from the field to a processing plant at the Songo Songo Island field off the country's coast. There has been increased interest in exploration in Tanzania and the rest of East Africa following a gas discovery in Tanzania and an oil find in Uganda. Raw Materials & Agriculture 4 Cameroon : Cocoa shipments from Cameroon's main port of Douala increased 35 percent in the week to May 9, according to statistics from the harbor. Exports rose to 425 metric tons from 315 metric tons a week earlier. The average export price decreased to 1,310 CFA francs from 1,315 francs a week earlier. Ghana's annual gold output in 2011 should be higher than last year's run of about 3 million ounces, although rising electricity costs could crimp output in the future, its Chamber of Mines. Ghana is Africa's second-largest gold miner behind South Africa and has benefited from record gold prices, with output rising 1 percent in 2010 to 2.97 million ounces. Among the new companies expected this year, Australian gold miner Adamus Resources forecast first output Mozambique : The Nacala port and rail system in northern Mozambique can be a major factor in the development of sub-saharan Africa, according to the chairperson of the Brazilian mining giant, Vale. Nacala is generally regarded as the best deep water port on the east African coast. It is a natural harbour that requires no dredging, and can accommodate ships of any size. Despite these enormous advantages, it is sadly underused. However, this may be about to change. In mid-april Vale and the Malawian government signed a memorandum of understanding in Lilongwe on the building of a new railway line from Moatize to Nacala across southern Malawi. The railway will be 900 kilometres long, A kilogram of the beans dropped to 1,210 francs from 1,220 francs in the South West, one of the highest production zones. Farmers sold the beans at 1,210 francs in the littoral and central regions and at 1,200 CFA in the South production zone. between April and June. The chief executive of Ghana's Chamber of Mines, said an industry body representing mainly gold but also manganese and bauxite miners, was concerned about significant electricity increases and wanted a cap on the cost of electricity in the West African nation. There is no fear at this stage that mines will shut down because of rising power costs, although it could hurt future output, Aryee added. and will be an alternative route to the sea for coal exports from Moatize. The Sena line from Moatize to the port of Beira cannot possible carry the vast amounts of coal exports that the Moatize Basin will be producing in a few years time. This year, Vale plans to sell 1.2 million tonnes of coal. Next year the production target is seven million tonnes, of which four million tonnes will be sold. Production and exports will be ratcheted up until Vale is eventually exporting 22 million tonnes a year. As for the markets for the Moatize coal, Agnelli said that Vale expects to export to Asian markets, notably China, to the Middle East, and eventually to Brazil.

Raw Materials & Agriculture Mauritania s government renewed two gold exploration licenses for Tasiast Mauritanie Ltd., a unit of Toronto-based Kinross Gold Corp. (K). Two other gold exploration licenses were renewed for locally-owned Atlantic Metals Mauritania S.A. The government also granted three exploration licenses to Orecorp Mauritania Sarl and three to Mauritanian Copper Mines S.A., a unit of Vancouver-based First Quantum Minerals Ltd. (FM). A final license was given to Societe Nationale Industrielle et Miniere, the state-owned iron ore producer. A phosphate license was granted to Delhi-based Compagnie Indo-Francaise de Commerce Ltd. Rail & Road Projects Democratic Republic of Congo has started a five-year, $600 million renovation of rail lines in the south- east of the country to boost trade, lower prices and develop its mining industry. The project is being funded by the World Bank and the government, with $200 million coming from a minerals-for- infrastructure accord signed with China in 2009. The rehabilitation of 700 kilometers (435 miles) of track in the mineral-rich region will help boost the agricultural and mining industries, encourage the development of isolated communities and help fight poverty. Congo has about 4 percent of the world s copper and a third of its cobalt. The Central African nation, which is approximately the size of Western Europe, will produce as much as 1.9 million metric tons of copper in 2015, up from 300,000 tons in 2009, according to Mines Ministry projections. Most of the country s mineral products are currently exported via road. Angola s port of Lobito could be one future destination for Congolese copper as soon as China s state-owned Sinohydro Corp. finishes restoring the 1,344- kilometer Benguela line that once linked Congo s Katanga province to the Atlantic coast. Mozambique : Work to build the second bridge over the Zambezi River, in the city of Tete, is due to begin in August. The work underway has a schedule of 42 months and is expected to cost 105 million euros. The bridge will be located some 5,000 metres downstream of the Samora Machel bridge, and is expected to reduce traffic on that bridge. Within the Southern African Development Community (SADC), the second bridge is a key opportunity to consolidate the links of land-locked countries, such as Malawi, Zambia and Zimbabwe, to the port of Beira, in Sofala province, Mozambique. The work is expected to cost some 150 million euros and includes repairs on around 260 kilometres of road linking the city of Tete to the borders with Zimbabwe, on the way to the capital Harare, and with Malawi, to its capital, Blantyre. The consortium building the bridge is made up of Portuguese companies Mota-Engil Engenharia e Construção, Soares da Costa Construções and Opway. Industry 5 The Cameroon government announced that it had obtained a loan from China for the building of a huge new hydro-electric project which will greatly strengthen its power services in the country. No details of the terms of the loan were given. Cameroon economy minister stated that the China Import-Export Bank had given the green signal for a US$542 million loan to finance the building of a 201MW hydro-electric dam on the Ntem River. The loan would enable the central African country to bring down its electricity capacity deficit.

General News Piracy : One hundred and forty-two piracy attacks were recorded worldwide in the first quarter of 2011, the Global Piracy Report of International Maritime Bureau (IMB) has said. The sharp rise was driven by a surge in piracy off Somalia: 97 attacks were recorded off the Coast of Somalia in the first quarter of 2011, up from 35 recorded in corresponding period in 2010. Somali pirates are earning up to $79,000 a year according to some estimates. The area under the threat of piracy has steadily extended to some 2.5 million nautical square miles off Somalia's coastline, an increase of one million nautical miles from two years ago. The Indian Ocean accounts for half of the world's container traffic, while 70 per cent of total global petroleum traffic passes through the Indian Ocean. Together, East Africa's ports account for approximately one-fifth of sub-saharan Africa's container traffic, with an average annual growth of 6 per cent since 1995. The continued growth of piracy could see the numbers of pirates, estimated to be at least 1,500, rise by up to 400 a year. As a result, the costs of piracy could reach more than $15 billion by 2015. A number of inter-governmental organisations dedicated to working towards a solution for maritime piracy have a total budget of around $24.5 million. Cameroon s main opposition says it will disrupt a presidential poll later this year over claims of government manipulation ahead of the vote. The Social Democratic Front said it will disrupt a vote scheduled for October because of repression and acts by the electoral board. Five candidates have expressed intent to run. Biya has been in power for 28 years and is considered one of Africa s remaining strongmen. In 2008, parliament changed the country s constitution to remove term limits. Sources: www.afp.com www.allafrica.com www.bbcnews.com www.macauhub.com www.reuters.com local African newspapers This newsletter is published by the Customer Service Shipping Department and is available on the website. Senegal/Gambia : The Gambia Transport, Agriculture, Food and Industrial Workers Union had reached an agreement with the Senegalese Transport Unions for the removal of the border blockade that has been affecting the movement of vehicles and goods Tanzania is the most peaceful country among the five members of the East African Community (EAC), according to the 2011 Global Peace Index (GPI). Tanzania ranks 8th as the peaceful state between the two countries for the past 40 days. It was reported that both the Gambian and Senegalese Transport Unions agreed on a memorandum of understanding (MOU) and that the borders had been reopened* on Monday, 9th May 2011. out of 37 countries in Africa. Botswana tops the countries in Africa, followed by Malawi, Ghana, Mozambique, Burkina Faso, Zambia and Namibia. Printable version attached AFRITRAMP cannot guarantee that the information made available on this newsletter is correct, accurate or exhaustive. It is therefore recommended that readers check the information by other means. 31/32, quai de Dion Bouton - 92811 PUTEAUX CEDEX Switchboard (33) 1 46.96.42.84 - Fax (33) 1 46 96 40 96 afritramp@bollore.com - http:// customer-service.shipping@bollore.com

Industry Cameroon : China Three Gorges Corp. (CTGPC) in central China's Hubei Province announced that one of its subsidiaries had won a contract (198 million U.S. dollars) to build a hydropower project in Cameroon. China International Water and Electric Corp. will build the Lom Pangar Hydropower Project for the central African nation's Electricity Development Corp., CTGPC. The project includes the construction of a dam across the Sanaga River and its two side-dams, a 30-megawatt power station and a 90-kilovolt high-voltage wire. The project will be jointly funded by World Bank's International Development Association (IDA), the French Development Agency (AFD) and the European Investment Bank (BEI). CTGPC said the hydropower project will be constructed within a period of 38 months, and the two sides have yet to decide when to start the project. Upon completion, the dam will harness the flow of the Sanaga River and form a reservoir of 6 billion cubic meters. Economics & Politics Cote d'ivoire : Alassane Dramane Ouattara was inaugurated on Saturday, May 21, 2011, as the new president of Cote d Ivoire. The ceremony was attended by many African heads of state, including Nigeria s Goodluck Jonathan, as well as French President Nicolas Sarkozy and the UN Secretary General Ban Ki-moon. The inauguration ceremony was simple and short. After the flag ceremony, the Mayor of Yamoussoukro welcomed the guests, followed by a traditional Akwaba moment performed by traditional chiefs in local Baoule, and then the new president was decorated as the Grand Master of Orders by the Grand Chancellor Henriette Diabate who was proud to be the first woman to hold the post in 50 years and then Ouattara made his first speech as President. Nigerian president Goodluck Jonathan was sworn in for his first full elected term at the helm of Africa's most populous nation on Sunday 29th May faced with the challenge of driving reform and trying to heal regional rifts. Heads of state from across Africa, foreign dignitaries, religious leaders and traditional rulers gathered in Eagle Square in the centre of Abuja for the ceremony and a military parade to mark the start of his four-year term. Senegal/Mali : A meeting between Mali and Senegal on cross border trade was held on Saturday 20th May in Kayes, a town near the border between the two countries. The meeting will be co-chaired by the Prime Minister of Mali and her Senegalese counterpart. It aims to improve trade between the two countries, particularly the movement of agricultural products and livestock. Participants discussed the regulations, trade procedures in force for a mutual understanding between the two countries. It is also planned that they find solutions to obstacles, develop a programme for implementation of these solutions and create a mechanism for monitoring, collaboration and consultation between private operators and public authorities involved in trade between the two countries. 6