Industry we serve


According to the African Development Bank, the current value of Africa's maritime sector is estimated to be around $25 billion and is projected to reach between $50 and $80 billion by 2030. This growth is being driven by increased investment in port infrastructure and other maritime-related projects, as well as increasing demand for maritime services.

Nigeria and South Africa are among the leading maritime nations in Africa with well-developed infrastructure and a significant contribution to the regional economy. Trade volumes for both countries were $44.7 billion and $21.8 billion in 2019, respectively. Ghana is making significant investments in its maritime sector, aiming to position itself as a hub for shipping and offshore oil and gas activities in the Gulf of Guinea. Its maritime trade volumes totalled $3.3 billion in 2019. Kenya is working to improve its port infrastructure and develop its maritime sector as a key driver of economic growth. Kenya's maritime trade volumes totalled $1.9 billion. Cote d'Ivoire has a growing maritime sector with efforts underway to modernize and increase its competitiveness. Its maritime trade volumes totalled $1.7 billion in 2019. Senegal is actively promoting its maritime sector and developing its port infrastructure to attract investment and support economic growth. Senegal's maritime trade volumes totalled $1.2 billion in 2019.

The African marine sector is seeing rapid expansion and development. Maritime infrastructure investment is expanding, with ports being upgraded and new ports being developed. An entirely private sector owned deep seaport will soon start operations in economic powerhouse Lagos. The number of ships and sailors in the region is growing, as is the number of maritime service providers. 

The use of technology, such as digital platforms and automated systems, is becoming increasingly widespread in the African maritime industry, with a focus on improving efficiency, reducing costs, and increasing transparency. Furthermore, African governments are investing in marine safety and security, as well as working to modernize maritime rules and attract international investment. Over the next several years, the industry is anticipated to provide millions of jobs and boost regional economic growth.

Last Updated: 1 March 2023


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