global trade - The African Mirror

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Dec

2023

By CONRAD ONYANGO, BIRD STORY AGENCY

bird TenX: 10 of Africa’s major ports in race for greater share of global trade

BUSINESS

THE opening of Nigeria’s 'game-changing' billion-dollar deepwater seaport in Lekki, in early 2023, together with other ongoing and upcoming projects around the continent reflects an increasingly competitive race for the top shipping hub slots in Africa. Currently, a host of other major multi-billion dollar investments geared towards improving existing infrastructure or putting up new ports are ongoing in countries including South Africa, Morocco, Algeria, Angola, Egypt and Senegal. Among the largest investments announced so far is the US$7 billion to upgrade to the South African Port of Durban in a facelift that will expand its container handling capacity from 2.9…

Jan

2023

By The African Mirror

Nigeria’s new Lekki port has doubled cargo capacity, but must not repeat previous failures

AFRICITIES

THREE-QUARTERS of the world is covered by water and up to 90% of world trade is seaborne. Seaports and shipping are critical to the conduct of global trade. Africa has relatively few natural harbours that offer shelter and are deep enough to take big vessels. Along the Atlantic coastline of West Africa, for instance, natural harbours exist only at Freetown and Lagos. Consequently, artificial ports have been carved out of lagoon and river ports, which dot the coastline from Morocco to South Africa. Considerable capital and engineering know-how have been applied since the late nineteenth century to make African ports…