Eastern Africa
DP World partners with CDC Group to invest in ports and logistics across Africa
Dubai-based DP World and the U.K.'s CDC Group have created an investment platform to develop ports in Africa.
The platform covers a long-term investment period. DP World is contributing its stakes in three existing ports initially (Dakar in Senegal, Ain Sokhna in Egypt and Berbera in Somaliland), and will also invest a further US$1 billion through the platform over the next several years.
CDC is committing approximately US$320 million
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