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5th World Food Programme’s wheat vessel leaves Ukraine for Somalia, Africa

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The United Nations World Food Programme (WFP), is set to send another food-laden ship from Ukraine to Somalia.

The ship makes it the fifth vessel to leave Ukraine’s Black Sea port of Chornomorsk to deliver Ukrainian wheat to Somalia.

According to Ukraine’s infrastructure ministry, despite its ongoing war with Russia, the country has already shipped wheat to Ethiopia, Yemen, and Afghanistan under the programme.

The ministry also revealed that a total of 5.8 million tonnes of agricultural products had left Ukrainian ports under the U.N.-brokered deal.

That includes some 114,700 tonnes which left Ukraine’s Black Sea ports on eight ships on Sunday.

Ukraine’s Black Sea ports – a key route for shipments have been off due to the ongoing war with Russia.

The effect of that is that with the embattled countries being global sources of food, the shortages have driven up global food prices and prompted fears of shortages in Africa and the Middle East.

The United Nations managed to broker the unblocking of three Black Sea ports at the end of July under a deal between Moscow and Kyiv, brokered by the United Nations and Turkey.

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African leaders want more efforts to promote regional industrilisation

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Leaders across the continent of Africa at a recent meeting in Niger’s capital Niamey have called for a doubling of efforts to promote industrialization in the region.

The call came during an Extraordinary Summit on Industrialization and Economic Diversification in the Central African country.

Some of the leaders present were, Nigeria’s Muhammadu Buhari, Rwanda’s Paul Kagame, and Zimbabwe’s Emmerson Mnangagwa.

The leaders noted sectors critical to industrialisation like agriculture, agro-industry, health, education, infrastructure, and especially energy, and urged increased private sector participation in the space.

The summit later held a discussion on trade with a focus on the African Continental Free Trade Area (AfCFTA).

Africa is the world’s least industrialized, the continent commemorates Africa Industrialization Day every November.

The African Development Bank Group, in its November 2022 index posits that industrialisation is central to Africa’s development prospects. With its young labour force, abundant natural resources, and fast-growing internal markets. Africa has the potential to become the next global frontier for industrial development.

 

 

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Ivory Coast aims regional shipping hub, completes $953 million container terminal

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West African country, Ivory Coast is making waves at becoming a regional shipping hub as it has completed construction of a second container terminal at its main port in Abidjan.

The project, financed by China’s Eximbank by 85% and 15% by the Ivorian state costs about 596 billion CFA francs ($953 million).

The new container terminal, called Cote d’Ivoire Terminal (CIT), started operations on Nov. 1 but was officially unveiled at a press conference on Friday. It is able to receive large ships from Asia, Europe, and America that previously had to land goods in South Africa, transferring them to smaller ships to reach West Africa.

The technical director of the terminal Andre N’Doli, remarked “we are no longer a second port. We are becoming a hub,”

“In addition to national traffic, we will handle traffic from other ports that cannot accommodate large vessels,” he told reporters.

According to official data, there has been growth in recent years in the country’s maritime sector. Ivory Coast shipped goods worth USD 12,717 million in 2019, an -8.5% dip as compared to the previous year.

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