Untapped port development opportunities in central Africa
Seaports are crucial to the expansion of international trade. CNBC Africa discussed the development opportunities in central Africa ports with Paul Runge, Director Projects and Development Finance at Africa House.
Wed, 09 Nov 2016 08:40:09 GMT
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AI Generated Summary
- Shift towards granting concessions to private firms driving the development of deep water ports
- Lack of collaboration between African ports hindering intra-African trade
- Exploration of opportunities at Creby deep water port and the economic significance of Duvala port
Seaports play a crucial role in facilitating international trade and commerce, serving as vital hubs that connect countries and continents. The development of ports in Central Africa has been a topic of interest and discussion, as these infrastructure developments have the potential to unlock significant economic opportunities for the region. In a recent interview on CNBC Africa, Paul Runge, Director of Projects and Development Finance at Africa House, provided insights into the current landscape of maritime business in Africa and shed light on the emerging opportunities in Central African ports.
Runge highlighted the changes taking place in the maritime sector in Africa, particularly in Central Africa, where private firms are being granted concessions to operate ports. This shift is driving the development of deep water ports to accommodate larger vessels and modernize port infrastructure. Traditional colonial ports with shallow drafts are facing challenges in meeting the demands of today's maritime industry, leading to the need for alternate port options across the continent.
One key point raised during the discussion was the lack of collaboration between African ports. While regional organizations like CMAK exist to facilitate cooperation, Runge expressed the view that ports still perceive each other as competitors rather than partners. The focus has predominantly been on the export of raw materials and the import of goods, with limited emphasis on intra-African trade and connectivity.
During Runge's recent visit to Central African port cities with a business delegation, several key findings emerged. The exploration of ports in Duvala, Cameroon, Caribbean Cameroon, and Pointe Noire in the Republic of the Congo unveiled potential opportunities for future growth and development. Of particular interest was the Creby deep water port, which has the potential to become a strategic hub for maritime activities in the region.
The economic significance of ports like Duvala in supplying landlocked markets was underscored, with efforts being made to enhance operational efficiencies and infrastructure. While developments at Duvala and Pointe Noire are focused on expansion and improvements, the exploration of a dedicated mineral port in Pointe Noire is contingent on commodity prices.
Runge highlighted the diverse range of opportunities available at the Creby deep water port, emphasizing the need for comprehensive infrastructure and logistical support. Beyond port operations, investments in lifting equipment, warehousing, IT systems, security, access roads, and industrial parks are essential for maximizing the port's potential. The integration of oil and gas activities, as well as the revitalization of rail networks, are crucial components of the port's development.
As Central Africa continues to evolve as a key player in the maritime industry, efforts to foster collaboration among ports, enhance infrastructure, and leverage strategic partnerships will be essential in unlocking the full potential of the region's ports. The exploration of new business opportunities in Central African ports signifies a shift towards a more integrated and sustainable approach to maritime business development, with a focus on driving economic growth and fostering regional connectivity.