12 °c
London
Friday, June 9, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Agriculture

GPR Leasing Africa rail deal to benefit Mozambique, Malawi and South Africa

FurtherAfrica by FurtherAfrica
March 3, 2016
in Agriculture, Malawi, Mozambique, Natural Resources, North-South Corridor, Rail, SADC, South Africa, Transport
Reading Time: 2 mins read
1.2k 49
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

GPR Leasing Africa (GPR) has concluded a five-year lease of 100 grain hopper wagons to Corredor De Desenvolvimento Do Norte (CDN) in Mozambique.

CDN operates a part of the Nacala Corridor, which consists of the Port of Nacala in Mozambique, the Northern Railway network of Mozambique, and the railway system of Malawi (CEAR). The lease is supported by CDN’s transport agreement with Bakhresa Malawi Limited, a Malawian company, which owns a grain terminal in Nacala and a milling and packing facility in Malawi and part of the Bakhresa Milling Group which has operations across eastern and southern Africa.

The wagons will be manufactured by and purchased from Galison Manufacturing from Welkom in South Africa. Galison has been manufacturing new and / or repairing existing rail freight wagons and other rolling stock for the past two decades with a comprehensive service offering and its own innovative designs.

“We are essentially supplying an African solution that will benefit three African countries,” says GPR’, Jacques de Klerk. Willem Goosen, GPR’s Commercial Executive adds that the deal is GPR’s first innovative wagon lease in Africa and that the freight wagon lease pipeline is substantial, so many additional deals, all over Africa, will follow shortly. The agreement with CDN was signed in mid-October 2015 and the first wagons will be delivered in March 2016. “All 100 wagons are expected to be delivered before the end of Q4, 2016,” he says. “We are also exploring further opportunities in the locomotive and wagon space with CDN.”

André Soares, Director de Operações CDN, says that the benefits of the new wagons will be myriad. “The new wagons are built using the latest design and technology programs, which means they are lighter and will be more efficient and productive. We will gain payload (about 4-5 tons per wagon), enjoy fuel efficiencies and lower our operating costs while driving up revenue. The leasing agreement means the wagons are not on our balance sheet and we haven’t had to spend any capital. This in turn improves our cash-flow and allows us to optimise our funds and concentrate on our core activities.”

The Galison-designed wagons also incorporate the latest safety technology and will be more environmentally friendly to operate than older, heavier wagons.

“This is an Africa success story that we have the ability to replicate almost anywhere on the continent,” says Willem Goosen. “GPR Leasing has built insurance into the lease rates of the wagons, which again enables CDN to focus on their core business and increase the profitability of their operations.”

Source: Hellenic Shipping News

Related

Tags: Bakhresa Milling GroupCDNCFMCorredor De Desenvolvimento Do NorteGalisonGPR Leasing AfricaGrainMalawiMozambiqueNacala PortRailRailwaySouth AfricaWagonsモザンビーク莫桑比克
ScanSendShare495Tweet309Share87Pin111Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Economy

IMF concludes 2023 article IV consultation with South Africa

by Rafael Carvalho
June 8, 2023
Climate

Mozambique and Portugal reforest mangroves and collect plastics

by 360 Mozambique
June 8, 2023
Energy

Eni bets on agri-business in Africa to expand biofuel production

by FurtherAfrica
June 8, 2023
Agriculture

Swiss biological agricultural product manufacturer sets up office in Kenya

by Farmers Review Africa
June 7, 2023
Economy

South Africa economy grows 0.4% in Q1

by FurtherAfrica
June 7, 2023
Platform Africa 2023
 
Mozambique eVisa
 
MozParks
 

Translate this page

Read the Latest

Energy

Angola’s Sonangol and Chinese company sign MoU for Lobito refinery

by FurtherAfrica
June 9, 2023
0

Angola’s Oil Firm Sonangol and China National Chemical Engineering (CNCEC) last week in Beijing, China, signed a memorandum of understanding...

Read more

China-Africa trade expo to be held in China’s Changsha

June 9, 2023
Nigeria needs currency reform for US$1.5B World Bank loan, country director says

World Bank sees Kenya economy up 5% this year

June 8, 2023

IMF concludes 2023 article IV consultation with South Africa

June 8, 2023

Savannah energy’s Nigeria arm inks gas supply deal for local market

June 8, 2023

FurtherAfrica Partners Network

The Exchange Farmers Review Africa 360 Mozambique
TechGist Africa Energy Capital & Power Club of Mozambique
Taarifa Rwanda Web3Africa See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa  

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 107,193 other subscribers.
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?