The African transport and logistics sector has raised $200m in the last year and in South Africa, the sector’s contribution is expected to grow by 1.8% per annum. Transport Evolution Africa Forum and Expo will highlight and showcase African transport expansion plans across ports, rail and road networks to enable efficient trade corridors.
The African transport and logistics sector, driven by technology and innovation, is positioning itself as the key to bringing counties together and supporting their economies. According to the World Bank, trade between African countries represents only 12% of economic activity in the region compared with 60% in Europe and 40% in Asia. This presents an unprecedented potential for investment in transport and logistics across the continent.
Transport Evolution Africa Forum and Expo, taking place at the Inkosi Albert Luthuli ICC Complex (Durban ICC), South Africa on 28 & 29 September, brings ports, rail and road together in a collaborative and solutions-based event that will plot the roadmap to the future of the sector in Africa.
Other highlights for 2022 include the launch of Trade and Logistics Evolution Africa – a two-day track; the Women in Transport Awards and the Transport Evolution Learning Academy. A key addition to Transport Africa Forum and Expo is a gathering of CEOs across the transport and logistics sector within the Transport CEO Forum, where closer working relationships will be forged between all entities with a view to building robust transport corridors into Africa.
As momentum builds in transport and logistics across Africa post Covid-19, the GDP contribution of the sector is expected to grow from R349bn in the first quarter of 2022 to R363bn by 2024, an increase of 3.7%, underlining the investment potential over the next two years.