How automation can catalyse cross border trade

In today's global economy, seaport congestion and inefficiencies remain significant challenges for cargo management in Africa. Oluchi Okafor, a Partnership Manager at OnePort, joined CNBC Africa to discuss how automation can revolutionize cross-border trade by streamlining cargo handling processes. Okafor highlighted the importance of digitizing operations to tackle longstanding issues such as long turnaround times for vessels, congestion, poor management, and inefficiencies in the port systems. She emphasized that the key to addressing these challenges lies in embracing technology and automating processes. Okafor identified two main issues plaguing the maritime industry in Africa: a people problem and a process problem. She noted that many practitioners in the industry struggle to adhere to rules and regulations, creating a culture of non-compliance. Additionally, outdated processes hinder efficiency and contribute to delays in cargo clearance. Okafor explained that companies like OnePort are developing digital platforms to centralize cargo services and streamline operations. By leveraging technology and implementing solutions such as a single-window approach, the industry can reduce bureaucracy and enhance productivity. One of the critical developments Okafor mentioned is the Lekki Deep Sea Port, which has the potential to transform maritime operations in Nigeria and the West African region. However, she cautioned that without addressing existing challenges, new infrastructure alone may not suffice. Okafor highlighted the need to improve payment systems, address infrastructure shortcomings, and enhance documentation processes to facilitate smoother trade flows. Moreover, Okafor underscored the significance of digitization in combating illicit activities such as false Bill of Lading practices. By implementing digital systems that provide visibility and centralize documentation, stakeholders can enhance transparency and traceability in the supply chain. This approach not only deters fraudulent practices but also ensures compliance with regulations and strengthens security measures. As Africa aims to boost intra-continental trade through initiatives like the African Continental Free Trade Agreement, embracing automation and digital transformation is crucial. By overcoming the barriers posed by outdated processes, inadequate infrastructure, and non-compliance, the region can unlock its full trade potential and establish itself as a hub for maritime affairs. In conclusion, Okafor's insights shed light on the transformative power of automation in revolutionizing cross-border trade in Africa. By embracing technology, streamlining processes, and enhancing transparency, the continent can navigate the complexities of global trade dynamics and pave the way for sustainable economic growth.