MSC’s AGL Unit to Invest $43 Million in Namibia’s Energy and Logistics Sectors by 2030

Mediterranean Shipping Company’s (MSC) Africa Global Logistics (AGL) unit plans to invest up to N$780 million (US$43 million) in Namibia by 2030, capitalizing on the country’s growing oil, gas, and renewable energy industries.

AGL is building a warehouse in Walvis Bay and plans additional projects in Lüderitz to support oil exploration and facilitate the import of wind turbines and other renewable energy equipment, AGL Managing Director for the Southern African Corridor Koen Rombouts said.

The company is also setting up an energy unit in Namibia to deliver oil and gas services, targeting major players such as TotalEnergies and Shell, which have recently made notable discoveries in the region.

Meanwhile, another MSC subsidiary, Terminal Investment Limited (TIL), through its local unit, Terminal Investment Namibia (TiN), has begun a 25-year concession agreement with the Namibian Ports Authority (Namport) to manage container handling at the New Container Terminal in the Port of Walvis Bay.

Namport handed over operations in October, marking the start of significant upgrades at the terminal, including dredging to widen and deepen the entrance channel to 16 meters Chart Datum (CD). The improvements aim to accommodate larger vessels and enhance operational capacity.

The N$4.2 billion New Container Terminal, commissioned in 2019, was concessioned to address challenges in the shipping industry and economic pressures. Namport aims to recover its investment while leveraging TIL’s global expertise to boost the port’s efficiency and competitiveness.