Challenges Confronting The African Port Sector

Africa’s Growing Importance in Global Supply Chains

Over the past few years, African countries have been recording impressive growth rates, propelled by favourable demographics and abundant natural resources. As globalisation increases African trade with other countries – and as other countries too realise Africa’s potential as home to a young and aspirational population and the predominant source of Critical Raw Materials (CRMs) – crucial for the transition to green energy – there has been increasing focus thereupon from major economies and multinational corporations looking for new forays into new markets. 

African countries are concurrently becoming cognisant of the broader benefits accruing to the economy and populace from engaging in international trade and consequently attempting to leverage their abundance of natural resources and position as the leading source of CRM’s to build bilateral trading and economic relations with more countries (as opposed to a situation where they relied extensively on one or two major trading partners, such the US or China).

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