Browsing: Transport by sea

Over 90 per cent of Africa’s imports and exports are transported by sea which makes the continent a strategic gateway for both regional and international trade.

Water transport is one of the key pillars of the continent’s blue economy whose estimated value is US$1 trillion per year. Overall, the asset value of Africa’s ocean economy ecosystems is around US$24 trillion.

The continent whose population growth is outpacing the rest of the world is suffering from an unemployment crisis which, if left unaddressed, could explode into a catastrophe since a majority of the population on the continent are youth.

Read: How Kenya plans to take on international shipping, maritime jobs

As a way of addressing this crisis, the blue economy has unique potential of creating jobs that can sustain livelihoods for local communities while offering low-cost impactful climate change adaptation solutions on the continent.

Africa’s blue economy has been hailed as …