Xinhuanet reports:
The African Export-Import Bank (Afreximbank) has urged African countries to focus on developing labor-intensive industries and provide effective logistics and transport infrastructure from factories to ports to become globally competitive industrial players, according to an emailed statement on Friday.
Benedict Oramah, the bank's president said reports have shown that African industries were often more competitive that those in Asia at the factory level but that the advantage was lost once goods moved from the factory to the ports due to high logistics and transport...[more]
