kolikotime
Joined 7 years ago
Joined 7 years ago
It’s been a hugely busy decade in terms of port modernization in East and West Africa in particular, this report really gets into it if you like reading Port stuff.
http://www.globalconstructionreview.com/sectors/africas-port...
Infrastructure is the first part of solving this puzzle. In East Africa in particular a lot of focus has been put on creating modernized rail systems, the construction of new modern freeways, and in particular with the EAC(East African Confederation) a strong focus on harmonizing business laws and trade regulations through the region. Movement is also being made on enacting the AFCTA (African Continental Free Trade Agreement) as well, which would construct a continental sized free trade market area, and help to smooth trade between the countries of the continent.
In reflection on the West African examples shown in this article, it reflects on the need for ECOWAS (West Africa's form of the EU) to move forward on becoming a serious supranational organization that gets tougher on business harmonization and regional economic integration. It has done exceptionally well on ensuring that freedom of movement is possible between the 15 states within its union but has stagnated since then. It is in great danger of staying a bored lame talking shop of corrupt enfeebled bureaucrats who ignore corrupt governments and repression, and do nothing to foster actual growth.
I am quite optimistic of the future though on the whole. The whole continent won't lift off, but enough countries are on the right trajectories towards becoming middle income countries.