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Category: Press Release

Nigeria’s NNPC Shipping, Stena Bulk, and Caverton Unveil Joint Venture to Strengthen the Energy and Maritime Sectors

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The Nigerian National Petroleum Company (NNPC) Shipping, Stena Bulk, and Caverton Marine Limited have officially signed a groundbreaking joint venture to transform Nigeria’s maritime transportation sector. Announced yesterday, this strategic partnership is set to boost shipping operations, energy logistics, and marine services, positioning Nigeria as a key player in Africa’s maritime industry. The agreement, signed…

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Gartner Report: 71% of Supply Chains Are Unprepared for Future Challenges

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Without a clear strategic vision, companies face uncertainty, while those with a strong plan will stay ahead. A Gartner survey found that only 29% of supply chain organizations have built the critical capabilities needed to tackle future challenges. The research emphasizes that companies taking a long-term, strategic approach are better equipped for success, unlike those…

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DHL Group and Neste strengthen collaboration to reduce logistics emissions

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● Companies will jointly evaluate how Neste’s renewable solutions may support DHL Group in making its entire logistics chain as sustainable as possible ● Collaboration aims at leveraging renewable diesel and sustainable aviation fuel to decarbonize DHL’s transportation Bonn, February 5, 2025: To further strengthen their collaboration on reducing emissions in logistics, DHL Group and…

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Prosper Africa and Afreximbank Partner to Strengthen U.S.-Africa Trade Opportunities

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According to Afreximbank, Prosper Africa and African Export-Import Bank (Afreximbank) have signed a new Memorandum of Understanding (MoU) to boost trade and investment between the United States and Africa in key sectors. This strategic partnership aims to leverage the unique strengths of both organisations to mobilise trade opportunities and investment capital, focusing on creative industries,…

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Emirates SkyCargo soars into 2025 with a 15% surge in capacity to meet rising global demand

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According to Emirates Sky Cargo, Throughout 2024, the demand for its specialist product portfolio, extensive global network and all-widebody fleet continued to grow exponentially, with no signs of slowing down. To meet the burgeoning global demand, the airline has wet-leased two additional Boeing 747 freighters, starting 2025 with a 15% increase in critical main deck…

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DHL Supply Chain Acquires Immar, Emerging as North America’s Top Returns Processor

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The acquisition enhances DHL’s capacity to address rising e-commerce demands and streamline return processes for retailers. DHL Supply Chain has announced its acquisition of Inmar Supply Chain Solutions, a leading reverse logistics provider for the e-commerce and retail industries. This strategic move positions DHL as the largest returns processor in North America, addressing the increasing…

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Libya joins Afreximbank to boost African trade and development

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The State of Libya has officially acceded to African Export-Import Bank (Afreximbank) Establishment Agreement, becoming the 53rd nation to become a member / participating state and marking an important step towards full continental coverage and advancement of the continental integration agenda through trade and investments. The accession document, signed by His Excellency Dr. Khaled Al-Mabrouk Abdullah,…

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African Development Bank Grants $342.92 Million Loan to Cameroon

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The loan aims to enhance the efficiency of the Cameroon-Chad Transport Links. The African Development Bank Group’s Board of Directors has approved two loans for Cameroon totalling $342.92 million. These funds are designated to significantly improve transport infrastructure along the Douala-N’Djamena trade route, fostering enhanced connectivity with neighbouring Chad. This development is expected to deliver…

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factory robot

4 Million Robots in Factories Worldwide

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International Federation of Robotics Releases World Robotics 2024 Report. The report recorded 4,281,585 units operating in factories worldwide – an increase of 10%. Annual installations exceeded half a million units for the third consecutive year. By region, 70% of all newly deployed robots in 2023 were installed in Asia, 17% in Europe and 10% in…

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