East Africa is seeing a growth in infrastructure investment to push economic expansion.
By Shem Oirere, special to the AJOT
Africa’s average economic growth might have dropped from 5.1% in 2014 to 3.4% in 2016, but the drop was not sharp enough to halt the surge in trade between the region and the rest of the world as the continent’s ports recorded an increase in exports and imports throughout that period.
Increasing exploration and production of oil and gas especially in East and Southern Africa and the rising number of international infrastructure development companies, eager to get a share of the booming construction market in the region, has created huge demand for more efficient and bigger ports together with regionally integrated interfacing and interconnecting transport systems especially modern railway and road networks.
With the region’s steady economic growth and anticipated surge in exports and imports, the question for governments and port operators in the region is whether Africa should focus more on developing of ports in anticipation of business opportunities that come with a growing economy or let the new opportunities drive the ports’ development agenda.
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