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

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Port @ Unsplash
Port @ Unsplash

Justice Nwafor

Justice Nwafor is an award-winning journalist covering finance, energy, climate, and economic development across the region.
  • $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.

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