TransNamib eyes volume expansion in rail freight
TransNamib, Namibia’s rail authority is planning to expand domestic volumes, as per CEO Johny Smith.
June 29, 2019: TransNamib, Namibia's rail authority is planning to expand domestic volumes, as per CEO Johny Smith.
"Currently we are sitting at 18 percent market share of freight moved internally by rail and we are looking at growing that to 50 percent over the next five years."
For a country that was recently lauded for having the best roads in Africa following a World Bank outlook at African logistics, it's not a crucial requirement for Namibia to implement a multi-modal shift in freight.
Smith emphasised that it was a simple matter of securing longevity for its logistics infrastructure.
However, the company is projecting to grow at least by 20 percent yearly and increase its freight from 1.5 million to 3 million in order to reach its dream. The end plan is to become profitable in the next two and a half years.