DHL earmarks EUR 300 mn for logistics expansions in Africa

Logistics behemoth DHL Group is looking to invest upwards of EUR 300 mn (c. USD 349 mn) in warehouses and infrastructure in Africa, DHL Express CEO John Pearson told Bloomberg. The move aims to make use of rising demand across the e-commerce and renewable energy sectors in Africa. Despite prohibitive tariffs from Washington this year, Africa’s value of trade surged 10%, the company said. The continent has the potential to be the world’s second-largest region in terms of trade value in four years, Pearson reportedly said.