Africa needs to take advantage of the economic potential of its ports and shipping sector to realise its growth ambitions, according latest PwC report.
The report, ‘Strengthening Africa’s gateways to trade’, was developed in response to the challenges facing ports in attracting external investment.
Globally, ports are gateways for 80% of merchandise trade by volume and 70% by value.
Dr. Andrew Shaw, PwC Africa Transport and Logistics Leader (pictured above), says:
“Ports are a vital part of the supply chain in Africa, with many ports having a far-reaching hinterland often spanning a number of countries, which makes them a natural focus for regional development.”
Investment in ports and related transport infrastructure are vital particularly in emerging economies.
These are among the key findings of an analysis of port development in sub-Saharan Africa (SSA). Click here to see full report