Africa Global Logistics (AGL) has announced that its subsidiary, Congo Terminal, has secured a financing agreement worth 150.88 billion CFA francs (€230 million) to expand the Container Terminal at the Autonomous Port of Pointe-Noire (PAPN). The funding, arranged by Crédit du Congo and Attijariwafa Bank, includes contributions from Congolese banks such as EcoBank, Banque Commerciale Internationale, Banque Sino-Congolaise pour l’Afrique, and BGFIBank Congo.
The investment will enable the construction of a new 750-meter quay with a depth of 17 meters and a surface area of 28 hectares. The €361 million project, expected to be completed by 2027, will enhance the port’s operational capacity, supporting economic growth in Congo and the broader region.
Crédit du Congo played a key role in structuring the financing, underscoring the strength and confidence of local financial institutions. “The financing of a private sector project of this magnitude is a first,” said Hicham Fadili, CEO of Crédit du Congo, highlighting the commitment of local banks to national economic development.
Congo Terminal, a joint venture between AGL, APM Terminals, and SOCOTRANS, has operated the PAPN container terminal since 2009. An amendment to the concession contract signed in August 2023 extends its operations until 2050.
“The expansion will allow the terminal to accommodate the largest container ships, boosting trade and strengthening Congo’s global competitiveness,” said Anthony Samzun, Managing Director of Congo Terminal. Séraphin Bhalat, Director General of PAPN, emphasized the project’s alignment with President Denis Sassou-Nguesso’s vision to establish Pointe-Noire as a key transshipment hub for Central Africa.
