Investment in Africa’s ports, shipping sector can accelerate economic growth


More strategic investment in Africa’s ports can accelerate growth and development by strengthening trade as these are gateways for 80 percent of merchandise trade by volume and 70 percent by value, globally. This is according to an analysis report of port development in sub-Saharan Africa issued by the global auditing firm PwC on Thursday which stated that Africa needed to take advantage of the economic potential of its ports and shipping sector to realise its growth ambitions.

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