DP World and Standard Bank conclude US$365 million facility agreement

DP World has extended its long-standing partnership with pan-African bank, Standard Bank, by concluding a US$365.1 million facility agreement.

This agreement aims to support its logistics and market access expansion across the sub-Saharan (SSA) region.

The agreement gives DP World access to a multi-product, multi-jurisdiction, and multi-currency facility (MCF), designed to support its general banking and term-funding requirements, across all SSA markets where DP World and Standard Bank have an...

https://container-news.com/dp-world-and-standard-bank-conclude-us365-million-facility-agreement/

Rising Star from Port of East London Wins Coveted Award

Sinqobile Nkabinde

Transnet National Ports Authority (TNPA) and the Port of East London are celebrating the triumph of the port’s Chief Engineering Technician, Sinqobile Nkabinde, who was announced as winner of the Transport, Logistics & Security category at the 7th Annual Standard Bank Rising Stars Awards in Johannesburg on 26 July 2018.

South Africa’s only river port had two out of five finalists in the category – the other being Deputy Port Engineer, Kwazelela ‘Kwazi’ Mcetywa. The awards recognise young,...

http://www.sashippingnews.com/2018/08/03/rising-star-from-port-of-east-london-wins-coveted-award/