Kuwait-based Agility has opened a distribution park near Ghana’s main port, the first of a network of logistics parks it intends to build across Africa.
Tenants at the 45-acre Ghana Agility Distribution Park in the Tema Port Free Trade Zone Enclave include multinationals entering the West African market and small and medium-size Ghanaian companies using the park to expand their operations in light manufacturing and export and import, the logistics firm said in a statement.
Agility added that it is developing distribution parks in Cote D’Ivoire, Tanzania, Nigeria, Mozambique and Angola. It also has additional sites available in Senegal, Mauritius and Cameroon.
“One of the biggest constraints to companies starting to do business in Africa is the lack of quality logistics and infrastructure,” said Geoffrey White, CEO of Agility Africa. “This is inhibiting the growth of trade, imports, exports and manufacturing.”
The Agility parks provide 24-hour security, reliable power and connectivity, and international-standard warehousing and logistics services. White added: “By developing and leasing much-needed warehousing, the Agility Distribution Parks help companies operate in Africa with the reliable, modern and secure infrastructure they need to grow their business, allowing them to access new markets without committing large amounts of capital.”
To meet demand, Agility is building seven more warehouses at the Ghana park in a second phase of development, the statement said. The 2016 Agility Emerging Markets Logistics Index ranked Ghana as one of the most promising markets in Africa. Africa’s growing middle class and consumer spending were identified as the most significant drivers for Africa’s growth in the Index, an annual ranking of the world’s most attractive emerging markets countries.
“Agility is investing in the future of Africa by funding and developing projects that build long-term sustainable businesses. The Ghana distribution park is just the first step,” White said. “We are proud to be supporting Ghana’s economic growth, and the economic growth of Africa as a whole.”