Bolloré Logistics has announced that it is looking to develop transit mechanisms in the Suez Canal in a bid to better serve African markets which include those seen on land, sea, and air, according to Daily News Egypt.
Emmanual Masson, Project and New Business Lines Director at Bolloré Logistics, said: “The internal trade between the continent’s countries from the North, South, East and West, refers to an improvement in business sectors inside the continent.”
Masson believes that Africa is similar to China in growth and population and there is a lot of manpower available in the continent.
Growth in Africa is also higher than any other country or continent, and Masson anticipates significant industrial growth in the coming years.
Masson continues: “Africa is tomorrow’s China as it witnesses improvement in the sectors of business, commercial, foreign direct investments and internal trade, which will reflect on Egypt as it is the gateway of Africa and Europe.”
As transporting goods from Egypt to various African countries involves various transport routes, Bolloré’s long term plan is to expand into Africa.
Bolloré’s most recent announcement was to spend around US$120 million to develop a container terminal in Sierra Leone by creating 270 metres of quay. This development will boost terminal capacity to 750,000 TEU.