African economies to benefit from safer Gulf of Guinea

African economies stand a huge chance of growing significantly if the Gulf of Guinea is protected from the activities of pirates and illegal trade. Every year the Gulf of Guinea serves as a trade route amounting to over $1 billion countries globally transport goods across the Atlantic. Many of the vessels that travel across the Gulf of Guinea serve African countries, transporting to and from them. 70 percent of Africa’s trade with European Union takes place by sea. Significant oil resources from Africa are also transported via the Gulf of…

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