Egypt is making bountiful harvests of revenue from its man-made Suez canal with daily earnings of $15millon from the maritime traffic.
Suez Canal stretches from Port Said on the Mediterranean Sea to the city of Suez on the northeastern shores of the Gulf of Suez, separating Egypt from the Sinai Peninsula.
Safwat explained that up to one billion tons of maritime cargo passed through the canal every year and that up to 20,000 ships had passed through the canal in the first quarter of 2022, carrying goods to various countries around the globe.
He said that the canal, the longest man-made in the world, had recorded increased revenue, generating about $5.61 billion in 2020, due to the determination and doggedness of Egyptians.
Safwat announced that the company made about $6.3 billion from its activities last year, saying that the construction of the canal 152 years ago, demonstrated the willpower and can-do spirit of the citizens of the Arab nation.
Tracing the history of the canal, the spokesman said it took the labour of about one million Egyptians and 120,000 deaths to put the canal in place in 1859.
Safwat noted that the number of ships using the canal daily had also increased from 45 per day in 2015 to 60 per day at present, describing the route as one of the safest in the world.
In March 2021, a huge container ship, known as Ever Given, belonging to Evergreen Shipping Lines, got wedged and blocked the Suez Canal, disrupting global maritime trade for weeks.
However, the ship, which the Egyptian Government impounded, was later released after agreeing to a deal on compensation with the government.
The 193-km Suez Canal connects the Mediterranean Sea at the canal’s northern end to the Red Sea in the south and it provides the shortest link between Asia and Europe.
The authorities of the SCA took the visiting journalists on a boat cruise on the old and new canals built by the government.
The journalists noticed the intense maritime activity taking place round the hour on the canal, helping to boost the prosperity of the North African country.
Egypt, which is currently one of Africa’s biggest economies, has embarked on various developmental projects, to sustain its position as a pacesetter in both the Arab world and sub-Saharan Africa.
The rich North African country has a population of about 106 million people, making it the third-largest country in Africa.
David Nwamini, Ekweremadu accuser, seeks asylum in UK
” they will kill me if I come to Nigeria” — he pleads to court
The three were found guilty at the Old Bailey of conspiring to arrange the travel of a young man with a view to exploiting him for his body part.
The Ekweremadus’ 25-year-old daughter, Sonia, has a severe kidney disease. It was for her the donor was sourced and brought to the UK.
According to David, he was approached with an opportunity to work in the UK, which he had always dreamed of but never thought would happen.
“He (Dr Obina Obeta) did not tell me he brought me here for this reason. He did not tell me anything about this.
“I would have not agreed to any of this. My body is not for sale.
“I worry for my safety in Nigeria. Those people can do anything. I think they could arrest me or kill me in Nigeria.
“My plan now is to work and to get an education and to play football,” David said, adding that he does not want to claim compensation from the “bad people” as it would be “cursed and bad luck”.
He also said someone visited his father in Nigeria and asked the father to get him to drop the case.
Although it is lawful to donate a kidney, it becomes criminal if there is a reward.
The Ekweremadus were arrested on June 21 last year as they arrived at Heathrow Airport.
UK court shuns Nigeria, ECOWAS pleas as it sentences Ekweremadu to 10 years imprisonment for organ trafficking
Nigeria missing as UNCTAD lists top African countries in service exports.
Nigeria was not listed among the top five countries in Africa in service exports in 2021 as Egypt tops the list as announced by the United Nations Conference on Trade and Development (UNCTAD) in December.
Morocco followed Egypt in services exports then Ghana, South Africa, and Ethiopia.
Egypt also came third on the list of the top five countries regarding goods exports in Africa in 2021 by around $40 billion, achieving growth of around 60 percent year-on-year.
In maritime routes, Egypt was preceded by Morocco, South Africa, then Ghana, and Togo.
Earlier this month, Egypt announced a plan to develop Egyptian commodity exports to African countries to reach $15 billion during the coming few years.
Egypt’s exports to Africa have increased by 25.4 percent during Q1 2022 compared to Q1 2021, the Cabinet said in a statement in mid-December.
According to Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS), Egypt’s exports to the African Union countries have reached more than $5.4 billion in 2021 compared to around $3.9 billion in 2020.
Libya, Sudan, Morocco, Algeria, and Kenya received more than 60 percent of Egyptian exports, according to CAPMAS.
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