Funding in place for Cotonou terminal upgrade

Bénin Terminal, a subsidiary of Africa Global Logistics, has secured €75 million in funding for the extension and modernisation of the Port of Cotonou.

The project will double the terminal quay to 1100m, add 15ha and increase quay and yard cranes as part of seeing capacity rise from 500,000 TEU per annum to one million TEU per annum. Completion of the construction worksis scheduled for 2026.

A banking consortium consisting of Societe Generale Benin, Vista Bank, Ecobank, CBAO Groupe Attijariwafa Bank and CBAO BENIN is providing the funding.

Bénin Terminal has invested €216 million since 2013 at Cotonou as the port continues its role as a regional logistics hub serving Niger, Mali, Burkina Faso and Nigeria.