Africa’s inefficient and aging ports are hampering the continent’s chances of capitalising on a surge in ship traffic that’s avoiding attacks by Houthi rebels through the Red Sea, logistics experts said.
"However, most ports in Africa are inefficient and not in the best condition to be able to fully realise all the benefits," said Vinny Licata, Fictiv’s head of logistics."This could be a real opportunity for Africa, but several ports were already congested due to inefficiencies. Investments are needed to enable them to compete."
Freight costs from Asia to the US East Coast are projected to increase by 20% to 30%, with delivery times extended by two weeks due to the longer route around the Cape of Good Hope in South Africa, said Khachatryan.
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