Africa Freight Forwarding Market Outlook to 2023: Ken Research

GURGAON, India - Oct. 14, 2019 - PRLog -- Analysts at Ken Research in their latest publication "Africa Freight Forwarding Market Outlook to 2023- By Mode of Freight (Road, Rail, Air, Sea and Pipeline), By End Users (Food and Beverages, FMCG, Industrial and others) and by Contract Logistics and Integrated Logistics" believe that the Freight Forwarding Market of Africa is at its growing stage. With a high, a number of landlocked countries focus should be on improving the intra-regional trade which would help the freight forwarding market of the continent to grow.

Development Projects: In Somalia a concession the agreement was signed between the authorities of Port of Berbera and DP world (international terminal operator) in late 2016. The project had two phases wherein the first focused on operational improvements and acquisition of terminal equipment while the second phase focused on the construction of a 400 meter quay wall with a 250,000 square meter container yard and an adjacent free-trade zone.

Intra Regional Trade: With the help of the African Continental Free Trade Area there comes to an establishment of a single the continental market for goods and services which seeks to increase intra-African trade by cutting tariffs by 90% and harmonizing trading rules at a regional and continental level. If the trade agreement turns out to be successful the intra-African trade is expected to boost by 52.3% by 2022.

Focus on International Trade: For an import oriented country like Kenya it is all the more crucial to participate in international initiatives towards trade relations. Kenya is a member of COMESA and the EAC along with having signed various trade agreements like ACP, AGOA, and AfCFTA. Therefore Kenya has free access to the entire African market as well as the Asian, European and North American markets for a number of goods.

Key Segments Covered:-

By Mode of Service ((Road Freight, Rail Freight, and Air Freight, Revenue and Freight Volume, Cost, Major Flow Corridors)

By Contract and Integrated Logistics

By End Users (Food, Beverages and Consumer Retail, Automotive and Healthcare and Others)

Country Profiles

South Africa

Kenya

Tanzania

Uganda

Nigeria

Namibia

Botswana

Time Period Captured in the Report:-
Historical Period – 2013-2018
Forecast Period – 2019 -2023
For More Information, Refer To Below Link:-
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/africa-freight-forwarding-market/263656-100.html
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