Shipping and airfreight links between South Africa and West Africa support growth in trade between the country and the region, which is home to some of the world’s fastest-growing economies.
According to the 2015 Global Sovereign Statistical Trends report, the Democratic Republic of Congo and Côte d’Ivoire are expected to be among the top ten fastest-growing economies in 2015.
Bloomberg placed Nigeria sixth in its list of the top 20 growth economies in 2015.
Supporting this growth is investment across the region in ports, airports, road and – to a lesser extent – rail infrastructure.
All of which is making it easier for South African companies to trade with the region.
There are regular connections between the ports of Durban, Ngqura and Cape Town with the major West African hubs of Walvis Bay, Luanda, Point Noire, Tincan Island, Cotonou, Lome and Abidjan.
To read the entire FTW article – and the full special West Africa feature – click here.
FTW pick: Investment in infrastructure could create ‘ports race’
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