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A number of reasons, including the African Continental Free Trade Agreement (AFCFTA), rising e-commerce, greater demand in the cold chain industry, and expanded transportation and logistics services, are driving the potential expansion of the African logistics and storage industry. This sector saw a slight expansion in the fourth quarter of 2022, which improved the state of the economy overall. In the areas of communication services, air travel, and land transportation, this expansion was especially apparent. The fast expansion and growth of e-commerce platforms throughout the continent has also resulted in a sharp increase in demand for high-quality warehousing in Africa.
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