Sifax Group, Gambia strike deal on multimillion dollars dry port

Gambian government and Nigeria’s foremost port concessionaire, Sifax Group has entered into a Memorandum of Understanding (MoU) over the operation of a multimillion dollars dry port facility in the country.
The dry port is to be in the capital, Banjul.
According to a statement signed by Sifax Group Spokesman, Muyiwa Akande, the multi-national company with interests in maritime, aviation, haulage & logistics, oil & gas and hospitality, is already looking at other investment targets in the Gambia.
“Sifax Group has signed an MOU with the government of Gambia to build and operate a dry port in the country’s capital, Banjul.
“A dry port (sometimes inland port) is an inland intermodal terminal directly connected by road or rail to a seaport and operating as a centre for the transshipment of sea cargo to inland destinations.
“The MOU was signed in Banjul by Mr John Jenkins, Group Managing Director, SIFAX Group and Mr Abdoulie Tambedou, Managing Director, Gambia Ports Authority (GPA).
“After the signing ceremony, the SIFAX Group delegation, which also included Dr.Taiwo Afolabi, Group Executive Vice Chairman and Mr.
Saheed Lasisi, General Manager, Business Development and Strategic Planning, also met with the Gambian President, Mr.
Adama Barrow, where prospects of extending the company’s investment plan to other sectors of the country’s economy was discussed extensively.
“The terms of the MOU include a multi-million dollar investment in the building and operations of the dry port to decongest the Port of Banjul in a public-private partnership business model.” While thanking the Gambian President for the opportunity to Invest in the country, Dr. Taiwo Afolabi assured him and the people of Gambia of SIFAX Group’s willingness to open up the economy of the country by not only build and operating a world-class Inland Container Terminal, but also invest in other sectors that will help the Gambia grow and compete favourably among her peers in the continent and beyond.