Maersk to target Nigeria & Kenya ports in Africa expansion push: Lars Reno Jakobsen, Senior Vice President, Maersk Africa

Lars Reno Jakobsen, Senior Vice President, Maersk Africa

A.P. Moeller-Maersk A/S, owner of the world’s largest shipping container line, is seeking to win contracts to build and upgrade ports in Nigeria and Kenya as the Danish company expands its African operations.

Maersk is awaiting a final sign-off on a contract to help build a new port in Badagry in Nigeria’s southern Lagos state, according to Lars Reno Jakobsen, the company’s senior vice president for Africa.

“That project, once it’s been finalized, could be more than $2 billion in terms of investment,” he said in an interview at the World Economic Forum in Cape Town on Friday. “Hopefully we can start some time this year. It will provide capacity, not only for containers, but also for oil, break-bulk and offshore.”

Read more: Maersk Targets Nigeria, Kenya Ports in Africa Expansion Push – Bloomberg Business