DP World/CDC: UAE and UK set up $1.7bn Africa venture including Somaliland

Issue 448 - 21 Oct 2021 | 1 minute read

Dubai-based logistics giant DP World has created an investment joint venture with UK development finance institution CDC Group. DP World will contribute its stakes in the ports of Dakar in Senegal, Sokhna in Egypt and Berbera in the Republic of Somaliland and says it expects to invest a further $1bn through the platform in the coming years.

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