Posts Tagged ‘Egypt’

DP World extends the port of Maputo deal to 2033

(HornTrade) – DP World has reached an agreement with the government of Mozambique to extend the Dubai company’s concession for the port of Maputo until 2033, with an option to operate it for a further 10 years.

The concession will replace an earlier 10-year agreement under which DP World was to have operated the terminal between 2008 and 2018 and will help the port operator to continue its coverage in the fast-growing Africa region. Read the rest of this entry »

East African nations to challenge colonial Nile treaty

(HornTrade) — Under the 1929 accord, which still stands in international law, none of the other nine countries in the Nile basin can tap the river’s bounty without Cairo’s permission.

And because 95 per cent of Egypt’s water supplies come from the world’s longest river, that approval has rarely been given despite soaring demand for water across Africa.

Now Ethiopia, Kenya, Uganda, Rwanda and Tanzania have agreed a new pact to share the Nile’s waters more fairly and removes Egypt’s veto.
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