East Africa's prospects are promising, with the region set to achieve a 5% growth rate in 2024.
For years, the balance of economic power has been shifting east in sub-Saharan Africa.
A recent African Development Bank Economic Outlook report reiterates this, stating that East Africa is projected to achieve the highest growth figures on the continent in 2023/2024.
According to Paul Danvers, commercial director at Groupair, logistics companies are closely monitoring this growth as it could indicate increased demand for transportation and shipping services as economic activity expands in the region.
"The economic growth suggests that demand is set to rise, and such an uptick in demand bodes well for airfreight," he told Freight News.
"Potentially, that is because it is important to note that certain commodities like iron and steel transported from South Africa to Kenya will predominantly still use road and sea transport, which Groupair can enable. Yet, numerous other goods exported from South Africa are well suited for airfreight."
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