Search

Africa-Caribbean trade gets boost with $40mn deep-water port deal

Port @ Unsplash
Port @ Unsplash
  • $40m port project in Saint Kitts and Nevis to create new Africa-Caribbean shipping route.
  • The facility aims to cut trade costs, speed up shipping, and anchor economic development

 

Afreximbank, the Government of Saint Kitts and Nevis, and Nigeria-based Aquarian Consult have signed a $40 million Letter of Interest to build a deep-water port in the Caribbean nation, signalling a major step toward launching a new Africa-Caribbean trade corridor.

Recent Business

Photo by Omotayo Tajudeen © Unsplash /Nigeria
Nigeria inflation drops to 14.45% in November as food prices ease
Read More »
African woman with basket on her head. Photo by Ariel Nathan Ada Mbita @ Unsplash
Fitch lifts Ivory Coast rating to BB, assigns a stable outlook
Read More »
Giant solar panel. Photo by Biel Morro @ Unsplash
Major boost for Mauritania's $40bn AMAN green hydrogen project
Read More »

Recent Politics

Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin court backs constitutional overhaul, extending terms after coup scare
Read More »
African military exercise. Photo by Alexander McKinley @ Unsplash
Can a US-brokered deal finally end the DRC - Rwanda conflict?
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin coup attempt foiled as ECOWAS warns of regional force deployment
Read More »

Latest Posts

Latest news insights