Writing on X under the handle @FreedomForce, the maritime expert has urged African nations to seize control of their seas to secure their economic future, drawing inspiration from global success stories like South Korea and Singapore.

Mr. Force’s analysis, detailed in a series of posts dated July 10, 2025, reveals that 90% of Africa’s trade encompassing critical commodities such as food and fuel relies on foreign-owned shipping fleets.

This dependency, he argues, has cost the continent dearly, with billions lost annually due to foreign-controlled vessels, dilapidated ports, and rampant illegal fishing.

By 2050, the SSA warns, this economic leakage could escalate to a crippling $1.7 trillion per year, equivalent to 5.7% of Africa’s projected $30 trillion GDP.

Breaking down the losses, Mr. Force highlighted specific figures: $891 billion in freight revenue siphoned by foreign vessel owners, $1.2 trillion squandered due to inefficient ports that stifle trade, and $61.6 billion drained by illegal fishing operations plundering African waters.

“This isn’t just about numbers,” he emphasized. “It’s our jobs, our schools, our hospitals, and our future slipping away while we watch.”

Yet, the SSA remains optimistic, pointing to transformative examples from Asia. South Korea, starting from scratch in the 1970s, built a global shipbuilding empire within three decades, overtaking Japan by 2000 to become a maritime powerhouse.

Similarly, Singapore transformed its modest port into a world-class hub, leveraging its strategic location and investment in infrastructure.

“Africa can do this!” Mr. Force declared, citing the continent’s youthful population, strategic coastlines spanning over 30,000 kilometers, and untapped potential as key assets.

To reverse the tide, the SSA proposed an ambitious Pan-African Maritime Accord (PAMA), a bold initiative mandating that 50% of shipping operations be African-owned by 2035.

The plan includes a $20 billion investment to modernize ports and build indigenous fleets, with reparations tied to economic empowerment.

“We must train our people, fix our ports, and build our fleets,” he urged. “If we don’t, we’re handing over our wealth, our power, our dreams.”

The call aligns with broader continental efforts, such as the African Continental Free Trade Area (AfCFTA), which projects a 62% growth in maritime freight.

Recent UNCTAD reports underscore the vulnerability of African trade routes, disruptions like those in the Suez Canal have already impacted perishable goods in East Africa, while highlighting opportunities for nations like Nigeria, with its extensive coastline, to capitalize on rerouting trends.

Mr. Force concluded with a rallying cry: “Let’s stop the bleeding. Let’s own our seas, our trade, our future. We can’t wait another day.”

For a deeper dive into his analysis, readers are directed to the linked document, promising a comprehensive insight into the situation.

As Nigeria, with its burgeoning blue economy potential, watches closely, the SSA’s vision could spark a new chapter in the continent’s economic sovereignty. The question remains: will African leaders heed this urgent call to action?

Africa has emerged as a frontier for the new online consumer class, representing an estimated 10 million new consumers in 2024 and trailing only Asia as a region, according to the new annual Beyond Borders digital payments and commerce report by EBANX, a global fintech company that connects local payment methods from Africa, Latin America, and India to global digital commerce.

Rising markets in Africa, Asia, and Latin America are driving future consumption and represent 70% of the 109 million people worldwide who are entering the consumer class this year, per the World Data Lab.

This increasingly new face of the global consumer will have major implications for the growth of digital commerce, payments, and the dominance of B2B payments.

Africa’s digital markets are still nascent but expanding swiftly

While digital commerce is growing by 13% per year in developed countries, online sales are expanding more rapidly in Africa at a pace of 25%, according to Payments and Commerce Market Intelligence (PCMI).

By 2026, the digital commerce market is expected to reach US$72 billion in total value in its top five markets: Egypt, Kenya, Morocco, Nigeria, and South Africa. Over the next decade, Africa will add more to consumer spending than Europe.

Digitization is reshaping African markets with access to the internet projected to become nearly universal in some regions by 2028.

The most dramatic rise is anticipated in Egypt, where internet penetration is expected to more than double, reaching 98%.

However, only 44% of African adults make online purchases, per Insider Intelligence and PCMI data, presenting a huge untapped potential for growth.

Online retail dominates Africa’s digital commerce landscape, accounting for 58% of the digital volume in 2023 across key countries such as Egypt, Kenya, Morocco, Nigeria, and South Africa.

Alternative Payment Methods (APMs) reign over card payments in Africa

As most Africans lack access to traditional financial services, alternative payment methods (APMs) – anything other than credit or debit cards – have exploded in popularity to meet untapped demand.

Compared to Latin America and India, Africa has the largest share of APMs in digital commerce, accounting for 69% of the total value, compared to card payments which stand at 31%.

Mobile money holds a 5% share in Africa’s five top economies but with significant usage in countries like Kenya, where its penetration is almost universal, particularly in integrating instant payments.

While cash payment remains the preferred payment method in Africa’s digital commerce with a 30% penetration compared to 9% in Latin America and 11% in India, APMs are poised to take further market share in the coming years.

Commenting on the data from Beyond Borders, Wiza Jalakasi, director of Africa Market Development at EBANX, said, “The future of payments in rising markets is instant. Payments in emerging markets like Africa are mobile-first and increasingly not card-based. It’s these alternative payment methods that are driving not only financial inclusion but digital commerce from Latin America to Africa to India.”

B2B payments surge with the rise of digital marketplaces

An estimated 70% of worldwide B2B transactions remain manual and lack seamless flows. This constitutes a massive opportunity, especially in rising markets like Africa, Latin America, and Asia, where B2B digital payments are growing faster than the global rate of 11% annually.

In these regions, they are developing at a 14% annual rate through 2027. By this year, these regions are expected to constitute 40% of the total value of B2B payments made online worldwide, per Capgemini Research Institute.

B2B transactions are gaining traction in Africa. In Kenya, 42% of businesses make online purchases, according to OECD and UNCTAD.

These payments are also partly on the rise due to the proliferation of B2B marketplaces which have emerged across the region, operating in countries like Egypt, Morocco, Nigeria, Rwanda, Tanzania, and Uganda, as a strategic solution to reduce logistical costs and eliminate intermediaries.

According to a report from GSMA, these marketplaces “can undertake bulk payments and deliveries, reducing effort and cost; churn [aka customer attrition] on B2B platforms is also much lower than B2C e-commerce, at approximately 40% versus 80%, which means B2B platforms are much better able to retain their sellers.”

To read more, access the complete Beyond Borders 2024 study here.