Africa is not taking advantage of its marine economy
Through the AU and working with Nato, Africa could utilise the ocean economy to address its ‘poverty pandemic’
03 March 2021 - 17:00
Oceans, seas, rivers and dams are often associated with fun and relaxation. However, more than 90% of the world’s commerce is seaborne. This means most economic activities are linked to maritime transportation of our most basic needs, including food, energy and clothing.
Africa is not taking full economic advantage of its marine economy. The reason is straightforward — insufficient investment. More than 95% of the companies responsible for the transportation of cargo by sea to and from African shores are foreign-based. ..
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