Namport, TIL N$4.2 Billion Deal Nears Conclusion

 

By: Hertha Ekandjo

The Namibian Ports Authority (Namport) is currently in the final stages of negotiating the last details of its 25-year, N$4.2 billion management deal with Terminal Investment Limited (TIL).

Last year in November, Namport’s Chief Executive Officer (CEO), Andrew Kanime, informed the media that negotiations were approximately 95% complete.

Responding to recent inquiries from The Villager, Kanime stated: “The parties involved, Namport and Terminal Investment Limited (TIL), are still working on finalising the terms, conditions, and all accompanying schedules to the concession. We will provide the necessary public announcements once this process is completed. We appreciate the interest in this significant development.”