Namport rejects Ghanaian businessman's N$4bn port proposal
The Namibian Ports Authority (Namport) has rejected a N$4-billion proposal from a Ghanaian-led consortium to develop an oil and gas supply base at the Port of Lüderitz. The decision follows an assessment that the company lacked the necessary capacity to execute the project.
Why it matters
The rejection highlights the scrutiny surrounding major infrastructure projects in Namibia's emerging oil and gas sector and the government's commitment to competitive bidding processes.
The Namibian Ports Authority has rejected a proposal by a Ghanaian businessman and his Namibian partners to develop a N$4-billion oil and gas supply base at the Port of Lüderitz.
The project was intended to support Namibia’s emerging offshore oil and gas sector by expanding the port.
Namport has found that Alpha Nautical Services Limited (Anol), owned by Ghanaian businessman Jory Adu-Boahene, did not meet the requirements to develop and operate the facility under a proposed design, build, own, operate and transfer concession.
The project is a partnership between the Namibia Industrial Development Agency (Nida) and Namport. The Cabinet in 2025 tasked the two state-owned entities to find a development partner for 25 years.
Adu-Boahene’s local partners include Namibian businessman Jason Kasuto of Monasa Advisory & Associates, and lawyer Andrew Naunyango.
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