A vital sector: 80% of Africa’s foreign trade goes through its ports
With annual growth of 7% in maritime traffic, $50 billion of investment in Sub-Saharan African port facilities and a four-fold increase in trade volumes over the past 10 years, the African port sector is booming. However, in a context of fierce global competition, Sub-Saharan African still only accounts for a mere 2% of global containerised traffic.
Thanks to public-private partnerships (PPP) and a growing number of concession arrangements, the private sector is playing an increasing role in surmounting obstacles to developing and upgrading African ports and supporting the Continent’s drive for development.
African Ports: Gateway to Development
Iskander Ezzerelli, an Investment Officer with Proparco, presents this issue’s main themes.