Africa-Caribbean trade gets boost with $40mn deep-water port deal

• $40m port project in Saint Kitts and Nevis to create new Africa-Caribbean shipping route.
• The facility aims to cut trade costs, speed up shipping, and anchor economic development

Afreximbank, the Government of Saint Kitts and Nevis, and Nigeria-based Aquarian Consult have signed a $40 million Letter of Interest to build a deep-water port in the Caribbean nation, signalling a major step toward launching a new Africa-Caribbean trade corridor.