DP World has partnered with UK-based development finance institution and impact investor CDC Group to create an investment platform in Africa.
DP World is contributing its stakes in three existing ports initially and expects to invest a further USD1 billion through the platform over the next several years.
CDC is committing approximately USD320 million initially and expects to invest up to a further USD400 million over the next several years. The transaction is subject to certain final regulatory approvals.
The platform initially includes investment in DP World assets in Senegal, Egypt and Somaliland. It will also invest in origin and destination ports, inland container depots, economic zones and other logistics areas across Africa to increase trade, create new job opportunities and broaden access to essential goods.