Zimbabwe's Dry Port in Namibia Achieves Profit, Eyes Full Operationalization
Zimbabwe's Dry Port in Namibia Achieves Profit, Eyes Full Operationalization
The facility has reported a profit of 6.1 million Namibian dollars (approximately $343,740) during the first half of the year, driven by controlled expenses and strong revenues.
The dry port in Walvis Bay, Namibia, operational since 2019 under a 50-year lease, serves as Zimbabwe's vital Atlantic trade gateway to West Africa, Europe, and the Americas.
According to the Zimbabwe Dry Port administration, significant revenue has come from Afrishore, an oil and gas company, which occupies a substantial portion of the port's storage space.
Despite Afrishore's planned departure in December, the port aims for full operationalization by the end of 2025 through strategic partnerships with entities like the Central Mechanical and Equipment Department and ZimTrade.
Future plans include:
🟠securing a N$2 million (approximately $112,000) transit bond,
🟠acquiring additional operational equipment,
🟠appealing to the government to prioritize the dry port for all state-owned enterprise imports.
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