Seeds of Opportunity: The African Growth Series
June 2023 | Issue 5
In this week's issue, you will learn more about:
- AFRICA OPPORTUNITY: Developing Key Transshipment Hubs
- EVENT: African Smart Cities Summit
- EVENT: The African Continental Free Trade Area (AfCFTA) Conference 2023
- UPCOMING EVENT: IFAT 2023
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AFRICA OPPORTUNITY: Developing Key Transshipment Hubs
Africa can pioneer a stronger trade and logistics sector by capitalising on its Transshipment Hubs' potential. Being home to some of the largest shipping networks - the Suez Canal - connecting the Americas, Europe, and Asia - the region can potentially grow as a key maritime hub and absorb revenue from the recovering global maritime sector. In 2022 international maritime trade was recorded at $3.3 trillion but is projected to grow to $5.4 trillion in 2026. Currently, Africa only accounts for 7% and 5% of the global exported and imported trade goods, respectively. The key to changing this lies in the region’s ability to boost shipping ports and hinterland access.
In this conversation, Consultant Nomvo Faith Kasolo explores the value of developing transshipment hubs in Africa and high-potential ports in the region, including the Coega Development Corporation-managed Port of Ngqura - https://youtu.be/qEPTTlPq790.
Business Day TV also spoke to Nomvo to gain more insight into Africa's Transshipment hubs' potential: https://youtu.be/oYXOtDs0EZ8.
EVENT: African Smart Cities Summit
Frost & Sullivan Consultant Yaa (Agyare - Dwomoh) Ngonyama and other key experts will participate at the African Smart Cities Summit in a panel discussion to investigate how renewable energy and sustainable solutions can be used to develop Smart Cities in Africa at 16h00 at the Gallagher Convention Centre in Johannesburg.
Register now at https://lnkd.in/dkBXyBjA
EVENT: The African Continental Free Trade Area (AfCFTA) Conference 2023
It is not too late to join us at this year's The African Continental Free Trade Area (AfCFTA) Conference 2023 at the CTICC in Cape Town, South Africa. The AfCFTA Conference will present the Agreement, the opportunities it creates, the anticipated economic benefits, and potential pitfalls.
Join Research Director for Frost & Sullivan Africa, Craig Parker, tomorrow at 09h00 as he presents on ''Logistics Infrastructure is the Cornerstone to Sustainable African Trade''.
Click here to register: https://lnkd.in/dXwUnEtm.
UPCOMING EVENT: IFAT 2023
Frost & Sullivan Africa is excited to host a 1-hour panel titled ''Water Infrastructure in South Africa: Avoiding a Crisis'’ at IFAT Africa 2023 (Gallagher Convention Centre) on 7 July at 11h45.
Join moderator Yaa (Agyare - Dwomoh) Ngonyama and expert speakers Gareth Schenck, Benoit Le Roy, Prof Anja du Plessis, Samista Jugwanth, Jeevan Samuel and Stanley Steenkamp as they unpack the following:
• Issues we are already seeing in SA today
• What has brought about these issues?
• Infrastructure Investment requirements
• What additional action is required to alleviate some of these water issues
Register here and see you at IFAT Africa 2023 - https://lnkd.in/dZ5qjHcD
To find out more about opportunities in Africa, please get in touch with Lynne Martin.
