{"id":7651,"date":"2024-02-01T11:37:26","date_gmt":"2024-02-01T01:37:26","guid":{"rendered":"https:\/\/www.vibewire.com.au\/?p=7651"},"modified":"2024-02-01T11:37:26","modified_gmt":"2024-02-01T01:37:26","slug":"railways-africa-newsxpress-week-052024","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=7651","title":{"rendered":"Railways Africa NewsXpress: Week 05:2024"},"content":{"rendered":"
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Railways Africa NewsXpress: Week 05:2024<\/h1>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Espresso<\/h2>\n<\/div>\n<\/div>\n
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Bite-size takeaways<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Moody’s Confirms Transnet’s Ba3 Rating; Outlook Negative<\/h5>\n<\/div>\n<\/div>\n
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Transnet issued a SENS note following Moody\u2019s confirmation stating that: Noteholders are advised that on 25 January 2024, Moody\u2019s announced its rating decision on Transnet\u2019s credit ratings following its decision, on 10 November 2023, to place Transnet credit ratings on review for a downgrade. Accordingly, Moody\u2019s has affirmed Transnet\u2019s corporate family rating (CFR) of \u2018Ba3\u2019 and lowered the Company\u2019s Baseline Credit Assessment (BCA), which is the Company\u2019s standalone rating before Government support, to \u2018b3\u2019 from \u2018b2\u2019. Further, the global and national scale senior unsecured MTN programme (Medium-Term Note) ratings were affirmed at \u2018(P)Ba3\/A2.za\u2019, the global and national scale subordinated MTN programme ratings were affirmed at \u2018(P)B1\/Baa2.za\u2019, the senior unsecured and the backed senior unsecured ratings were affirmed at \u2018Ba3\u2019 and the national scale other short-term rating was confirmed at \u2018P-1.za\u2019. The ratings outlook was revised to negative from under review.<\/p>\n

Detailed Analysis<\/a><\/p>\n<\/div>\n<\/div>\n

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Ressano Garcia Line Derailment: Recovery Underway<\/h5>\n<\/div>\n<\/div>\n
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\n\t\t\t\t\t\t\tOn 23 January 2024, Caminhos de Ferro de Mo\u00e7ambique (CFM) reported a derailment incident on the Ressano Garcia line. An 80-wagon freight train, loaded with Magnetite and originating from South Africa, derailed near km 72+800. Immediate recovery efforts have been initiated, and a commission has been established to investigate the cause of the derailment.\t\t\t\t\t\t<\/div>\n<\/div>\n
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Comoros: Project For The Development Of Maritime Corridor And Regional Trade Facilitation<\/h5>\n<\/div>\n<\/div>\n
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The Ministry of Maritime and Air Transport of the Comoros has issued an Expression of Interest for consultancy services for detailed pre-project technical studies of the Moroni Port. This initiative, funded by a grant from the African Development Bank, aims to enhance the maritime corridor and facilitate regional trade. The deadline for submissions is 12 February 2024. Access Opportunity<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Job opportunity \u2013 Zambia Railways Limited \u2013 MANAGING DIRECTOR<\/h5>\n<\/div>\n<\/div>\n
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Zambia Railways Limited is inviting applications from strategic, visionary and focused Zambian nationals to lead the organisation into a dynamic and technologically advanced rail transportation hub in the region for the following position: MANAGING DIRECTOR<\/strong><\/p>\n

The Managing Director reports to the ZRL Board Chairperson and is answerable to the Board of Directors for the broad responsibilities of the implementation of the Corporation\u2019s statutory mandates, strategic goals and the management of its resources.<\/p>\n

Interested candidates should apply no later than 9th February 2024<\/strong><\/p>\n

https:\/\/zrl.com.zm\/jobs\/managing-director\/<\/a><\/p>\n<\/div>\n<\/div>\n

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Job opportunity \u2013 Zambia Railways Limited \u2013 FINANCE DIRECTOR <\/h5>\n<\/div>\n<\/div>\n
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Zambia Railways Limited is inviting applications from strategic, visionary and focused Zambian nationals to lead the organisation into a dynamic and technologically advanced rail transportation hub in the region for the following position: FINANCE DIRECTOR<\/strong><\/p>\n

Interested candidates should apply no later than 9th February 2024<\/strong><\/p>\n

https:\/\/zrl.com.zm\/jobs\/finance-director\/<\/a><\/p>\n<\/div>\n<\/div>\n

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Equatorial Guinea and Ghana Accede to the Establishment Agreement for Afreximbank\u2019s Fund for Export Development in Africa (FEDA)<\/h5>\n<\/div>\n<\/div>\n
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The Fund for Export Development in Africa (FEDA), the development impact-focused subsidiary of the African Export-Import Bank (Afreximbank), has announced that the Republic of Equatorial Guinea and the Republic of Ghana have recently signed the FEDA Establishment Agreement.<\/p>\n

New memberships are crucial to broaden the scope of FEDA\u2019s interventions and its mission of delivering long-term capital to African economies with a focus on industrialization, intra-African trade and value-added exports.<\/p>\n

Professor Benedict Oramah, President of Afreximbank and Chairman of the Boards of both Afreximbank and FEDA<\/strong>, said: \u201cWe heartily welcome the signing of the FEDA Establishment Agreement by the Republic of Equatorial Guinea and the Republic of Ghana. The signing of the FEDA Establishment Agreement lays the groundwork for an enhanced and more effective cooperation with better access to the full range of interventions offered by Afreximbank and FEDA. This milestone builds on the solid partnership already established with both Equatorial Guinea and Ghana. The aim is to support transformative investments in these countries in the near future.\u201d<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Former Transport Minister Dipuo Peters’ Suspension Upheld by Western Cape High Court<\/h5>\n<\/div>\n<\/div>\n
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The Western Cape High Court has dismissed Ms Dipuo Peters\u2019 urgent application to stop Parliament from implementing her suspension from her seat in all parliamentary debates, sittings, and committee meeting-related functions for one term of the parliamentary programme. Ms Peters will be placed on suspension commencing 30 January to 28 March.<\/p>\n

In October 2023, after considering a complaint lodged against her, the Joint Committee on Ethics and Members\u2019 Interests found that Ms Peters had breached the Code of Ethical Conduct in her former portfolio as Minister of Transport. As a result, Ms Peters was sanctioned and suspended for one term.<\/p>\n

#UniteBehind leader and activist, Mr Zackie Achmat lodged the complaint with several allegations, including that Ms Peters \u201cwas neglectful in her previous portfolio as Minister of Transport by failing to appoint a Group CEO of the Passenger Rail Agency of South Africa (PRASA)\u201d.<\/p>\n

The complaint also alleged that the Member dismissed the Molefe Board, seemingly because it had uncovered R14 billion in irregular expenditure and instituted investigations into corruption at PRASA. It was also alleged that she used PRASA busses for ANC events during 2014 and 2015 without ensuring payment from the ANC, among others.<\/p>\n

Following deliberations, the ethics committee found that the Member\u2019s failure to appoint a Group CEO breached items 4.1.3 and 4.1.4 of the code, in that the Member failed to act on all occasions in accordance with the public trust placed in her; and discharge her obligations, in terms of the Constitution, to Parliament and the public at large, by placing the public interest above her own interests when she failed to appoint a Group CEO after the PRASA Board had commissioned a recruitment process, which resulted in a financial loss of R1 767 000.<\/p>\n

Read Statement<\/a><\/p>\n<\/div>\n<\/div>\n

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Official Commissioning Of Sunline (Zambia) Siding, Chambishi Rail Spur<\/h3>\n<\/div>\n<\/div>\n
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On January 29, 2024 \u2013 the Minister of Transport and Logistics Hon. FRANK TAYALI, MP, arrived in Kalulushi for the official Commissioning of the Sunline (Zambia) Siding, Chambishi Rail Spur.<\/p>\n

Sun-Line International Logistics Group (referred to as Sun-Line Logistics) was founded in 2001 and is a contractor for overseas Engineering, non-ferrous resources, oil and gas and other industries.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Inaugural Technical Meeting with All American Group for Northern Railway Corridor Development<\/h2>\n<\/div>\n<\/div>\n
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Caminho de Ferro de Luanda-EP (CFL) recently hosted the first technical working meeting with the All American Group (AARG) Business Group. This meeting, follows the recently announced Memorandum of Understanding (MoU) signed by Angola\u2019s Ministry of Transport and AARG, focusing on the development of the Northern Railway Corridor.<\/p>\n

The MoU involves the construction of a railway corridor that aims to connect Angola\u2019s railway network to the Central African network via the Democratic Republic of Congo. This will be achieved by extending the Luanda Railway line to either Zaire or U\u00edge province in the north.<\/p>\n

Held at CFL\u2019s headquarters in Luanda, the meeting was presided over by CFL\u2019s PCA, Dr. Manuel Ant\u00f3nio KandaKanda. CFL expressed its commitment to collaborating with AARG in implementing the MoU, which aligns with various strategic documents, including the National Road Transport and Infrastructure Master Plan.<\/p>\n

The meeting culminated in an agreement to establish an implementation schedule for March, outlining the initial phases of the project and collaborative actions required from both parties.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\n\t\t\t\t\t\tGambia Integrated Transport Master Plan\t\t\t\t\t<\/h2>\n
\n\t\t\t\t\t\tThe Government of the Republic of The Gambia, in a significant move towards enhancing its transportation infrastructure, has recently received a Grant from the African Development Bank. This funding is earmarked for the ambitious development of a Climate Resilient Integrated Transport Master Plan (CR-ITMP) for the period 2025-2050. A portion of this grant will be allocated to consultancy services, signifying a major step in the nation\u2019s commitment to sustainable development.\t\t\t\t\t<\/div>\n
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\n\t\t\t\t\t\tSouth Africa: Call For Balance In Investments For Road And Rail Infrastructure\t\t\t\t\t<\/h2>\n
\n\t\t\t\t\t\tWith South Africa deepening its efforts towards shifting freight from road to rail, the Department of Transport (DOT) Freight Logistics Specialist, Mihlali Gqada, says there needs to be a balance in investments that are made in rail and road infrastructure.\n

Addressing the colloquium on the Freight Road to Rail Migration Plan (FRRMP), Gqada said the amount of rail infrastructure investment pales in comparison to road.\t\t\t\t\t<\/p><\/div>\n

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\n\t\t\t\t\t\tNigeria Rail Transportation Data for Q3\/2023\t\t\t\t\t<\/h2>\n
\n\t\t\t\t\t\tThe National Bureau Of Statistics has released their Rail Transportation Data for Q#\/2023. In Q3 2023, a total of 594,348 passengers travelled via rail system, relative to 500,348 reported in the corresponding quarter of 2022, indicating a growth rate of 18.79%. The volume of goods\/cargos transported in Q3 2023 stood at 81,963 tons, compared to 33,312 tons recorded in Q3 2022.\t\t\t\t\t<\/div>\n
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\n\t\t\t\t\t\tSouth Africa: Railway Safety Regulator New Board – It\u2019s a new dawn, it\u2019s a new day!\t\t\t\t\t<\/h2>\n
\n\t\t\t\t\t\tThe Railway Safety Regulator has a new Board that will steward the destiny of the organisation over the next three years.\n

The Cabinet\u2019s recent decision on 8 December 2023, saw the appointment of a stellar lineup of individuals who bring a wealth of expertise and diverse perspectives to the Railway Safety Regulator Board. Ms Nompumelelo Sibongile Ekeke \u2013 Chairperson, has been re-appointed, reaffirming her exceptional leadership and strategic guidance in ensuring continuity and unwavering commitment to the organisation\u2019s mission.\t\t\t\t\t<\/p><\/div>\n

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\n\t\t\t\t\t\tWho Should Be Responsible For Addressing Africa’s Logistical Infrastructure Challenges?\t\t\t\t\t<\/h2>\n
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\n\t\t\t\t\t\tCape Town Container Terminal Shows Improvement With Multiple Initiatives\t\t\t\t\t<\/h2>\n
\n\t\t\t\t\t\tThe Cape Town Container Terminal achieved a peak of 17 moves per hour during a single shift last week, handling a total of 2,388 twenty-foot equivalent units (TEUs) in a single day, despite fluctuating productivity.\t\t\t\t\t<\/div>\n
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\n\t\t\t\t\t\tSteel And Engineering Sector On The Precipice Of An Unprecedented Jobs Crisis\t\t\t\t\t<\/h2>\n
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\n\t\t\t\t\t\tThe 3rd African Rail Digital Congress To Be Held In Cameroon From 27 To 30 May 2024\t\t\t\t\t<\/h2>\n
\n\t\t\t\t\t\tCAMRAIL and UIC are delighted to be organising the 3rd African Rail Digital Congress entitled \u201cDigital: A challenge to boost the railway value chain\u201d from 27 to 30 May 2024 at the Hilton Hotel in Yaounde, Cameroon.\t\t\t\t\t<\/div>\n
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\n\t\t\t\t\t\tWabtec Awarded $157 Million Brake System Order From Siemens Limited\t\t\t\t\t<\/h2>\n
\n\t\t\t\t\t\tWabtec Corporation (NYSE: WAB) announced today a large brake system order from the Mobility Business of Siemens India Private…\t\t\t\t\t<\/div>\n
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\n\t\t\t\t\t\tDubai And Pakistan To Cooperate On Rail, Economic Zones & Infrastructure Improvement\t\t\t\t\t<\/h2>\n
\n\t\t\t\t\t\tThe governments of Dubai and the Islamic Republic of Pakistan have signed two Inter-Governmental Framework Agreements to strengthen their relations in the marine and logistics…\t\t\t\t\t<\/div>\n
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\n\t\t\t\t\t\tSiemens Mobility Delivers First 70 Mireo Regional And Long-Distance Trains To \u00d6BB\t\t\t\t\t<\/h2>\n
\n\t\t\t\t\t\tAustrian Federal Railways (\u00d6BB) has ordered the first 70 trains from the framework agreement won by Siemens Mobility at the end of…\t\t\t\t\t<\/div>\n
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BUSINESS OPPORTUNITIES<\/h2>\n<\/div>\n<\/div>\n
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\n\t\t\t\t\t\t\tPREMIUM ONLINE SUBSCRIBER\u2019s have access to the latest rail related tenders, EoI\u2019s, RFP\u2019s and RFQ\u2019s in Africa.\t\t\t\t\t\t<\/div>\n<\/div>\n
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Business Opportunities brought to you by\u00a0<\/em>TRAXTION<\/p>\n<\/div>\n<\/div>\n

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Railways Africa NewsXpress: Week 05:2024 Espresso Bite-size takeaways Moody’s Confirms Transnet’s Ba3 Rating; Outlook Negative Transnet issued a SENS note following Moody\u2019s confirmation stating that: […]<\/p>\n","protected":false},"author":0,"featured_media":7652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[573,47],"tags":[],"class_list":["post-7651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-africa","category-rail-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/7651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7651"}],"version-history":[{"count":0,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/7651\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/media\/7652"}],"wp:attachment":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}