Dubai-based global ports operator DP World plans to invest $3 billion in the next three to five years in building new port infrastructure across Africa. The logistics and supply chain cost across Africa is very high relative to other global markets, DP World’s CEO and Managing Director for sub-Saharan Africa Mohammed Akoojee said. The Dubai-based company is expanding in Dar es Salaam in Tanzania and has assessed harbours in South Africa and Kenya for potential investment.
DP World’s Africa portfolio includes ports, terminals, logistics and supply chain businesses. It employs 27,000 people across the continent, Bloomberg TV reported.
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