Tapping into Africa’s latent potential and positioning for growth requires local capacity and FDI. It also requires a focused and consistent push for intra-continental trade within Africa. There is a need for better integration and trade between African countries. We also need to move towards increased diversification and adding value to our traditional commodity-based growth. With a potential customer base of nearly 1 billion people and a predominantly youthful population, rising urbanization and an enormous capacity for productivity increases, Africa is indeed poised to grow.
To accelerate this growth, Africa needs efficient transport systems. Given the endemic challenges of volatile fuel prices, an increasingly competitive landscape and cost-conscious customers, the transportation business is one of the most challenging.
How can we encourage the urbanization trend with increased mobility across the continent? We need to improve access to roads, build more rail, road and water transportation networks and ensure the connectedness, safety and maintenance of existing transportation assets.