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Cape Town - South Africa is facing increasing competition from ports on the rest of the continent.
That is why the upcoming African Ports Evolution Forum in Cape Town is seen as an ideal opportunity for forge strong regional bonds.
“We hope this event will prove beneficial for Africans across borders and aid in developing a vibrant maritime industry,” said Tau Morwe, chief executive officer of Transnet National Ports Authority and keynote speaker at the forum.
The many port expansion projects underway across Africa is a sign of attempts to increase transport infrastructure capacity and ultimately reduce the time and cost of trade in Africa.
This has triggered an increased competition among African ports to attract as much trade as possible, while maximising profits.
African ports are benchmarking their operations to achieve better port performance.
Among the delegates attending the forum will be representatives of ports Mozambique, Kenya, South Africa, Angola and Namibia.
The Kenya Ports Authority has experienced a lot of growth over the last 12 years, with traffic through the port of Mombasa increasing by 7.4% per annum.
In Mozambique, the cargo handling forecast for the port of Maputo alone is expected to grow to 40 million tons by 2020.
The amount of time cargo spend at ports in Africa is, however, till on average around 20 days.
If ports authorities are, therefore, able to significantly reduce this average, they will effectively reduce the cost of doing business across the continent and open up new cross border business opportunities.
- Fin24
That is why the upcoming African Ports Evolution Forum in Cape Town is seen as an ideal opportunity for forge strong regional bonds.
“We hope this event will prove beneficial for Africans across borders and aid in developing a vibrant maritime industry,” said Tau Morwe, chief executive officer of Transnet National Ports Authority and keynote speaker at the forum.
The many port expansion projects underway across Africa is a sign of attempts to increase transport infrastructure capacity and ultimately reduce the time and cost of trade in Africa.
This has triggered an increased competition among African ports to attract as much trade as possible, while maximising profits.
African ports are benchmarking their operations to achieve better port performance.
Among the delegates attending the forum will be representatives of ports Mozambique, Kenya, South Africa, Angola and Namibia.
The Kenya Ports Authority has experienced a lot of growth over the last 12 years, with traffic through the port of Mombasa increasing by 7.4% per annum.
In Mozambique, the cargo handling forecast for the port of Maputo alone is expected to grow to 40 million tons by 2020.
The amount of time cargo spend at ports in Africa is, however, till on average around 20 days.
If ports authorities are, therefore, able to significantly reduce this average, they will effectively reduce the cost of doing business across the continent and open up new cross border business opportunities.
- Fin24
