The Executive Chairman of McDan Group, Daniel Mckorley, is making a strong case for more Africans to own the logistics and shipping space.

He believes that this is one of the surest ways to aid intra-African trade, and deal with some of the challenges that most African firms face when it comes to moving goods in the region.

“The practice where products and goods from the region have to be first shipped outside the region and brought back has to stop,” he stated.

During a panel session at the just-ended Afreximbank Annual General Meeting in Nassau, The Bahamas, Dr. Mckorley added that financial institutions and the government must also work to give meaning to this proposal.

Linking the African Continent Free Trade Agreement (AfCFTA) and trade, the McDan Group Chairman maintained that “it is not fair that when I produce in Africa, the product has to go Europe before coming to a country like Senegal; that is not fair and it has to change.”

“This is increasing my cost as a producer and someone in the logistics space,” Dr. McKorley Group added.

He noted that “whoever controls the sea, controls the business, and if we don’t have connectivity in Africa, that becomes a big challenge for all of us.”

Dr Mckorley highlighted how platforms like Africa Trade Gateway had helped in making payments in local currency across the continent, and said the necessary support should be given to Afreximbank in terms of the support that they are giving to a lot of African businesses.

“The African Free Trade Area deal, or call it AfCFTA, has helped a lot in terms of doing business in Africa. It is now more stressful to do because in Africa, even though a lot of work still needs to be done,” he observed.