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    Home»Business»Agriculture»Nigerian entrepreneur Aisha Maina secures Afreximbank-backed USD 40 million St Kitts port investment 
    Agriculture

    Nigerian entrepreneur Aisha Maina secures Afreximbank-backed USD 40 million St Kitts port investment 

    starconnectBy starconnect4 August 2025No Comments4 Mins Read
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    Aisha Maina secures Afreximbank-backed USD 40 million St Kitts port investment
    [Picture] - At the signing of the USD$ 40m Port deal for St Kitts & Nevis: L-R: 1. Hon. Dr. Terrance Drew, PM, St. Kitts & Nevis, Hon Minister Samal Duggins, Minister of Agriculture et. Al, St. Kitts and Nevis, Miss Aisha Maina, Managing Director, Aquarian Consult, Mr. Eric Intong, Acting Group Managing Director, Client Relations, Afreximbank and Prof. Benedict Oramah, President, Afreximbank
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    Admin I Monday, August 04, 2025

     

    LAGOS, Nigeria – Aisha Maina, Managing Director of Aquarian Consult and founder of Gemini Integrated Commodities, has completed an intensive week of engagements that unite policy, private capital and hard infrastructure around a single objective: building a reliable commercial bridge between Africa and the Caribbean.

    The new port will anchor a 10 square kilometre special economic zone designed for agro processing, light assembly and bonded warehousing. Feasibility studies begin in August, and financial close is targeted for Q1 2026.

    The facility is expected to create thousands of jobs and attract an additional USD 300 million in private investment. For Saint Kitts & Nevis, a nation of fewer than 60,000 people, the project positions the federation as a logistics hinge between 19 African and 12 Caribbean Commonwealth members. For exporters in West Africa, it removes a costly European detour and delivers end-to-end digital customs visibility.

    One Week, Three Strategic Touchpoints
    1. Port signing in Grenada — 28 July
    At the Afreximbank Afri-Caribbean Trade and Investment Forum in Grenada, Maina co-signed a USD 40 million Letter of Interest with Afreximbank and the Government of St Kitts & Nevis. Prime Minister Dr Terrance Drew witnessed the signing, while Honourable Samal Duggins, Minister of Agriculture and Marine Resources, signed for the island nation. The agreement finances a Panamax-capable deep-water port in Basseterre and a ten-square-kilometre special economic zone for agro-processing and light assembly.

    “Africa and the Caribbean need assets, not just aspirations. With this port we move from promise to throughput, from talk to tonnage. It is the physical backbone of a trade bridge that has been too long in the making,” Maina said on stage.

    Duggins added, “Fresh off the Afri-Caribbean Exchange, I proudly signed a landmark Letter of Interest with Afreximbank. Facility after facility, deal after deal, we are not just talking transformation; we are delivering it. The vision is clear, the progress is real, and the future is now.”

    2. Caribbean Investment Forum in Jamaica — 30 July
    From Montego Bay’s main stage, Maina confirmed that feasibility and environmental studies for the Basseterre port will begin in August. She outlined a corridor that cuts Lagos-to-Basseterre sailing times to about seven days, eliminating costly European detours.

    “If private sector does not take charge of the process, we will remain where we have been. Retreat or defeat are not options,” she told delegates.

    3. Trans-Atlantic Symposium in Trinidad — 3 August
    Maina closed the week in Port of Spain, delivering the keynote “Why Caribbean and Africa Trade and Investment and Economic Cooperation Matter” at the Trans-Atlantic Trade and Investment Symposium organised by the Emancipation Support Committee of Trinidad and Tobago. She connected port logistics, economic-zone clustering and new financing tools to broader goals of youth employment, food security and diversified exports.

    Project Snapshot
    Metric

    Detail

    Initial finance USD 40 million
    Berth capacity One Panamax berth, expandable to two
    Construction jobs 600 direct positions
    Follow-on capital USD 300 million projected private investment
    Studies launch August 2025
    Financial close Q1 2026
    First container Q4 2028
    Regional and Global Implications
    Shorter transit times — Direct sailings remove European detours and lower freight costs.

    Value-addition hub — The special economic zone lets African raw materials be processed closer to North American markets.

    Commonwealth relevance — One of the Commonwealth’s smallest states will host a strategic maritime asset linking 19 African and 12 Caribbean members.

    Private-capital leadership — Gemini Integrated Commodities co-invests with Afreximbank, placing execution risk on balance-sheet owners rather than policy desks.

    Background
    Momentum began in March with the Afri-Caribbean Investment Summit in Abuja, followed by a June charter of an Air Peace 777 carrying 120 Nigerian entrepreneurs and policymakers to Basseterre. The Grenada signing, Montego Bay confirmation and Trinidad keynote now merge those earlier steps into a single infrastructure roadmap.

    About Aquarian Consult
    Aquarian Consult is a Nigeria-based advisory and investment firm specialising in trade facilitation, human-capital development and infrastructure. Through Gemini Integrated Commodities, the company designs and executes projects that connect African markets to global value chains, with a focus on Africa–Caribbean integration.

     

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