The Raging Hub War at West African PortsCargo operations at Lagos (file image) By Brian Gicheru Kinyua 11-24-2020 09:41:28There is an investment overdrive in Africa’s maritime sector as governments pursue ambitious port expansion projects. Currently, the African port sector has attracted $15 billion in private investment, and public funding brings the total to $85 billion. The question is how governments will avoid the trap of grandiosity in ports expansion and ensure that the investments are wisely executed. This is especially visible in West Africa, where half a dozen countries are working to outdo each other in a line-up of ambitious ports development projects. The $1.5 billion Lekki port is expected to open for operations in 2023, and it also aims to be a transshipment hub for West Africa.

Source: The North Africa Journal November 25, 2020 02:37 UTC