African governments need to recognise ports as facilitators of trade and growth instead of focusing on extracting revenue from them according to a new report from PricewaterhouseCoopers (PwC).
PwC asserted that contrastingly to China, in sub-Saharan Africa (SSA) “the business case for port expansion is often only defined once capacity is already constrained and thus many ports operate under severe pressure while investment decisions are being made”.
This continual lag, which often lasts years, reduces competiveness and takes no account of the resulting reduced trade impact on African economies, it added.
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