N$795m boost for Namibia’s oil and gas logistics

Africa Global Logistics (AGL) says it has invested N$795 million (€40 million) in Namibia’s logistics sector over the years, reflecting a commitment to supporting the development of the oil and gas sector.

The logistics company says the investments align with Namibia’s recent move towards first oil production, backed by large-scale projects in the offshore Orange Basin, and is expected to facilitate future trade and exports.

AGL oil and gas director Thomas Bonnetain last week said the company is positioning itself as a strategic partner for oil and gas operators and that the investment coincides with a drive to enhance local content development, with AGL prioritising local capacity building and educational support.

“We have invested €40 million in Namibia to build logistics platforms. This is a country where we have been operating for 25 years. A year and a half ago, we had eight people in the country, and today we have more than 100 staff members.

“We have already signed an agreement with a university in Windhoek to create a pool of on-the-ground talent,” Bonnetain says.

He says collaborations such as these help invest in workforce training while creating employment opportunities for Namibian communities by building on its presence across Africa.

“We hire locally and teach people how we operate and the way we approach the oil and gas industry. All our contracts are being handled by local stakeholders.

“We are doing integrated logistics for Shell’s operations in Gabon. This has created 220 jobs in Port Gentil.”

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