APM Terminals: Africa is promising but also challenging
Some of the billions the Maersk Group's port operator APM Terminals is expected to invest in over the decade will be spent in Africa. The continent is full of promises but also brings challenges, Peder Søndergaard, CEO for Africa and the Middle East division of APM Terminals, tells ShippingWatch.
BY KATRINE GRØNVALD RAUN
Existing investment in roads, bridges and ports on the African continent are not very impressive, to say the least. In fact, there is an alleged shortage of billions of dollars in infrastructure investments, says Peder Søndergaard, CEO for Africa and the Middle East division of APM Terminals. And this factor, combined the generally high growth rates faced by many African countries with growing populations, makes it interesting for a company such as APM Terminals to invest in the region.
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