SIFAX to invest in multi-million dollar dry port …Signs MoU with Gambian government

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SIFAX to invest in multi-million dollar dry port

.Signs MoU with Gambian government

By Udeme Clement

The Executive Vice Chairman, SIFAX Group, Dr. Taiwo Afolabi, the President, Republic of Gambia, Adama Barrow, (middle), with top officials of SIFAX Group, as well as Gambian government, after the signing of MoU with SIFAX Group:

SIFAX Group, a multi-national company with interests in Maritime, Aviation, Haulage, Logistics, Oil and Gas is poised for greater development, as the company has concluded plans to build multi-million dollar dry port in Gambia.

As part of the measures put in place to carry out the huge project, SIFAX Group signed a Memorandum of Understanding, MoU, with the government of Gambia to build and operate the dry port in Banjul, the country’s capital.

The top officials who signed the MoU in Banjul include Mr. John Jenkins, the Group Managing Director of SIFAX and Mr. Abdoulie Tambedou, the Managing Director, Gambia Ports Authority, GPA.

Accordingly, the terms of agreement in the MoU shows Public Private Partnership, PPP, business model, which includes a multi-million dollar investment, to build and operate a dry port, aims at decongesting the Port in Banjul.

In the same vein, the delegation of SIFAX Group, which includes the Group Executive Vice Chairman, Dr. Taiwo Afolabi, the General Manager, Mr. Saheed Lasisi, had a meeting with the Gambian President, Mr. Adama Barrow, on ways to expand the company’s investments to other sectors.

In his remarks, Dr. Taiwo Afolabi assured the Gambia authority of plans by SIFAX Group to invest tangibly in other sectors of their economy.

His assertion, “SIFAX Group believes in making Africa the focus of its investment hub. We believe that Africans stand a better chance to develop and tap the array of business and growth opportunities abound in the continent”.

He enthused, “We have been doing this in some West African countries and we are sincerely grateful to the President of Gambia, for opening their doors to us. Our promise is that the country’s economy would feel our impact, as we don’t intend to limit our interventions to maritime sector”.


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