Transport Evolution Africa Forum to stimulate investment in the transport sector in Africa
/ PRESS RELEASE / This content is not written by Creamer Media, but is a press statement provided.
The African transport and logistics sector, driven by technology and innovation, is positioned as the key to bringing countries closer together and supporting their economies. According to the World Bank, trade between African countries represents only 12% of the region’s economic activity, compared to 60% in Europe and 40% in Asia. This presents unprecedented investment potential in transport and logistics across the continent.
The Transport Evolution Africa Forum and Expo, taking place at the Inkosi Albert Luthuli ICC (Durban ICC) complex, South Africa, on September 28-29, brings together ports, rail and road in a collaborative and focused event. on solutions that will chart the roadmap for the future of the sector in Africa.
“We have seven events under one roof, with more than 50 port, rail and road authorities, 3,500 transport professionals and 100 exhibitors, tackling transport and logistics issues head-on and showcasing global innovations, as well as the platform -shape for the African transport corridor. updates. And this coming year, we are excited to launch the Africa Transport Performance Scorecard (ATEPS) which will be a comprehensive annual progress measurement report,” says Le-Ann Hare, Portfolio Manager for transport at dmg events, organizers of the Forum and the Expo. .
Other highlights of 2022 include the launch of Trade and Logistics Evolution Africa – a two-day journey; the Women in Transport Awards and the Transport Evolution Learning Academy. A key addition to the Transport Africa Forum and Expo is a gathering of transport and logistics industry CEOs in the Transport CEO Forum, where closer working relationships will be forged between all entities to build transport corridors. strong towards Africa.
“An event co-located with the Transport Africa Forum and Expo is The Big 5 Construct KZN which will facilitate dialogue around infrastructure at the heart of reviving the South African economy. The South African National Roads Agency (SANRAL ) alone committed R19 billion to develop 13 roads, creating nearly 10,000 jobs during construction,” according to Hare.
The South African government has committed R791.2 billion for medium-term infrastructure development and published 15 projects worth R47 billion in the transport sector alone.
As momentum builds in transport and logistics across Africa post-COVID-19, the sector’s contribution to GDP is expected to increase from R349 billion in the first quarter of 2022 to R363 billion by 2024 , an increase of 3.7%, highlighting the potential for investment over the next few years. two years.
Funding for African transport and logistics companies topped $200 million (R3.2 billion) last year, and Transport Africa Forum and Expo is uniquely positioned to significantly increase funding and potential investment to middle term.
To capitalize on this investment opportunity, register now for the Transport Evolution Africa Forum and Expo at www.transportevolution.com