BII partners with DP World to build Congo’s first deep-sea port
TLDR
- DP World and British government's BII investing $35 million in deep-sea port project at Port of Banana, Congo River meeting Atlantic Ocean
- DP World expanding Africa presence with $2 billion in port infrastructure and $1 billion in logistics operations investment
- Project marks collaboration between DP World and BII following successful ventures in Somaliland, Egypt, and Senegal
DP World and the British government's development-finance arm are set to break ground on a deep-sea port in the Democratic Republic of Congo as the Emirati logistics company expands its footprint in Africa, Bloomberg reported.
British International Investment (BII) is investing $35 million in DP World's infrastructure project at the Port of Banana, where the Congo River meets the Atlantic Ocean, following previous collaborations between the two entities in Somaliland, Egypt, and Senegal.
The project expands DP World’s presence in Africa, where the company plans to invest $2 billion in port infrastructure and $1 billion in its logistics operations over the next three to five years to support long-term growth.
Key Takeaways
Africa's wealth of natural resources, particularly in oil and gold, is attracting significant investment as global demand for critical minerals, such as copper from Zambia and the Democratic Republic of Congo (DRC), continues to surge. This demand is driving the need for enhanced logistics infrastructure across the continent. In the DRC, efforts are underway to upgrade the country's basic infrastructure, with a key project set to add a 600-meter quay with an 18-meter draft, capable of accommodating the largest vessels currently in operation. The project, spearheaded by DP World, is expected to boost container handling capacity to approximately 450,000 units. However, a company spokesperson has not disclosed the timeline for the completion of this development.
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