Following nearly 2,000 incident updates in 16 months, Portoverview.com's Africa's editor, Victor Shieh told attendees at the recent Cool Logistics Conference in Cape Town, South Africa, that shipping on the continent is likely to get worse before it begins to see improvements.
South Africa-based Barloworld, a distributor of international brands providing integrated rental, fleet management, product support and logistics solutions, is targeting six sectors to boost the growth of its business in the western and eastern portions of the continent, says CEO Clive Thomson.
Bollore SA, an investment company controlled by French billionaire Vincent Bollore, is competing to expand its African unit to operate five more port terminals and is eyeing similar growth in Asia and Latin America.
The strongest case Africa presents for its attractiveness to manufacturing is its GDP growth. The continent is home to six out of the top 10 countries that are experiencing economic growth, according to an analysis by the Economist. Over the past decade, it has been the second-fasting growing region in the world, averaging growth of 5.1 percent during that period.