馃嚦馃嚘NamibiaSouthern Africa
Namport rejects N$4 billion oil and gas port proposal from Ghanaian businessman
via The Namibian5 min read
The Namibian Ports Authority Namport has rejected a N$4 billion proposal from Ghanaian businessman Jory Adu-Boahene and his Namibian partners to develop an oil and gas supply base at the Port of L眉deritz. Namport stated that Alpha Nautical Services Limited Anol, Adu-Boahene's company, did not meet the requirements for developing and operating the facility under a proposed design, build, own, operate, and transfer concession. Namport chief executive Andrew Kanime cited Anol's failure to demonstrate sufficient financial capacity, technical expertise, delivery capability, and operational experience. Anol, however, disputes these findings, asserting its financial, technical, and operational capacity, and highlighting its efforts to prioritize local content and compliance with Namibian ownership regulations. Adu-Boahene also noted that Anol initiated the project and invested significant capital, and questioned Namport's consistency, pointing to a similar project awarded to a 100% foreign entity. Namport also raised concerns about Anol's proposed site at Robert Harbour, stating it does not meet the requirements for offshore oil and gas activities due to insufficient water depth and technical challenges. The rejection follows alleged political pressure on Namport to approve the proposal, and sources suggest it may lead to an open competitive process for the strategic project.
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This summary was AI-generated from a story originally published by The Namibian.
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