• About Us
  • Contact
Thursday, March 30, 2023
No Result
View All Result
NEWSLETTER
The Business Wiz
  • Home
  • Featured News
  • Economic
    • Currency
  • Investment
  • Markets
    • Stock Market
  • Sectors
    • Agriculture
    • Commodities
      • Markets
    • Construction
    • Energy
    • Financial Services
    • Information Technology
    • Infrastructure
    • Manufacturing
    • Markets
    • Mining
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation
  • Home
  • Featured News
  • Economic
    • Currency
  • Investment
  • Markets
    • Stock Market
  • Sectors
    • Agriculture
    • Commodities
      • Markets
    • Construction
    • Energy
    • Financial Services
    • Information Technology
    • Infrastructure
    • Manufacturing
    • Markets
    • Mining
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation
No Result
View All Result
The Business Wiz
No Result
View All Result
Home Economic

EABC roots for improved transport logistics to increase efficiency

by Web Admin
28/07/2022
in Economic, Markets
0
EABC roots for improved transport logistics to increase efficiency
Share on FacebookShare on Twitter

The East African Community (EAC) needs to integrate infrastructure development through embracing the technology of automation to increase the efficiency of operations within the region and open more one-stop border points to decongest exiting points.

Dar es Salaam Port. According to the EABC, East Africa’s economic freight logistics and the infrastructure gap remains a key constraint to the region’s competitiveness. Photo courtesy of the internet.

This is one of the key policy recommendations advanced by John Bosco Kalisa, CEO of the East African Business Council (EABC), during a webinar on the performance of the northern and central corridor trade routes.

Kalisa also noted that the EAC needs to set a market regulation union to enhance logistic competition with foreign firms than individual countries licensing depending on the country’s interest rather than the regions.

“A Covid-19 mitigation plan should be put in place by adopting the role of technology and innovation should be embraced in the logistics sector,” he added.

“Companies need to look at how future technology can be leveraged to reduce physical movements. In addition, adopt welfare support for logistic workers to cushion against any uncertainty in the sector.

Highlighting cost indicators, Kalisa noted that major trade routes still remain expensive. The main drivers of freight costs identified from a recent survey, he said, were fuel prices, the number of NTBs along the routes, and timeliness of clearance at port and border post.

Globally, Kalisa said, the container throughput index, which measures the number of people and goods that pass-through shipping ports daily, declined from 113.3 in January 2020 to 107.7 in May 2020, a decline of 9.5%.

“The Covid-19 pandemic did not spare our very own ports,” Kalisa said.

Regarding cargo throughput at the Mombasa port, a total of 34.13 million tons of cargo were handled in 2020, which is 1.8 million tons less of the target of 35.90 million tons.

Compared to 2019, the Port of Mombasa recorded a marginal decline of 0.9% in total cargo throughput in 2020, a decrease was mainly attributed to disruptions to the supply chain because of global lockdowns imposed due to the raging pandemic.

At the port of Dar-es-Salaam, the total cargo through-put slightly decreased by 1.03% from 16,022,952 Mt in 2019 to 15,857,870 Mt in 2020 as a result of the pandemic.

On transit time, in 2020 Mombasa-Kigali route was the slowest averaging 9.75 days followed by Mombasa-Cyanika (8.38 days), and Mombasa-Mpondwe (8.33 days).

East Africa’s economic freight logistics and the infrastructure gap remains a key constraint to the region’s competitiveness, Kalisa said.

“The lack of efficient, reliable, and sustainable freight logistics links prevents the region from taking advantage of emerging regional and global cross-border trade opportunities,” he said.

“The individual operation of states within East Africa brings silo service delivery impeding the regional trading advantage. This in turn increases the complexity of logistic services and the welfare of logistic providers.”

In EAC, transport costs are estimated at $1.8 per kilometre per container against international best practice of $1 per kilometre per container.

John Mathenge, Managing Director, Viaservice Ltd, said logistics is a business enabler. Mathenge called for a holistic regional approach and vision on competitiveness of the transport and logistic sector in order to reduce the cost of doing business in the region.

He called for an EAC transport and logistics charter or framework to integrate the ecosystem, boost complementarities to enhance efficiency and lower production costs.

SOURCE: THE NEW TIMES

Web Admin

Web Admin

Next Post
EABL’s profit rises 124%, net sales in Tanzania up by 21% on growth of Serengeti trademark

EABL’s profit rises 124%, net sales in Tanzania up by 21% on growth of Serengeti trademark

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Exchange Rate

Exchange Rate USD: Thu, 30 Mar.

Recommended

World population hits 8 billion today – UN

World population hits 8 billion today – UN

4 months ago
Tanzania among top 5 countries with most improved economic freedom in 2023

Tanzania among top 5 countries with most improved economic freedom in 2023

6 days ago

Popular News

    News

    Get latest news from us.


    SUBSCRIBE

    Category

    • Agriculture
    • Aviation
    • Banking
    • Commodities
    • Construction
    • CSR
    • Currency
    • Economic
    • Energy
    • Featured News
    • Financial Services
    • Information Technology
    • Infrastructure
    • Investment
    • Jobs
    • Manufacturing
    • Markets
    • Mining
    • Others
    • Q&A Interviews
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation

    About us

    The Business Wiz (TBW) is Tanzania’s premier one-stop online platform providing in-depth, accurate and timely business news, analysis, commentary and online business information portals and research.

    • About Us
    • Contact

    © 2022 The Business Wiz

    No Result
    View All Result
    • Home
    • Featured News
    • Economic
      • Currency
    • Investment
    • Markets
      • Stock Market
    • Sectors
      • Agriculture
      • Commodities
        • Markets
      • Construction
      • Energy
      • Financial Services
      • Information Technology
      • Infrastructure
      • Manufacturing
      • Markets
      • Mining
      • Real estate
      • Telecomunication
      • Tourism
      • Transportation

    © 2022 The Business Wiz

    en English
    ar Arabiczh-CN Chinese (Simplified)en Englishfr Frenchde Germanit Italianru Russianes Spanishsw Swahili