{"id":93085,"date":"2024-06-14T00:00:00","date_gmt":"2024-06-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/"},"modified":"2024-06-14T00:00:00","modified_gmt":"2024-06-14T00:00:00","slug":"dp-world-eyes-usd-3-bn-in-port-investments-in-africa","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/","title":{"rendered":"DP World eyes USD 3 bn in port investments in Africa"},"content":{"rendered":"

DP World plans to shell out USD 3 bn on new port infrastructure in Africa over the <\/strong>next three to five years,<\/strong> DP World CEO and Managing Director for sub-Saharan Africa Mohammed Akoojee told Bloomberg<\/a> in an interview. The logistics giant is considering investments in the partial privatization of South African rail, port, and pipeline company Transnet, and the port of Lamu in Kenya, where there is also a privatization process underway.<\/p>\n

The rationale:<\/strong> The investment target comes on the back of the region\u2019s long-term growth potential, Akoojee said, adding that \u201cthe cost of logistics and supply chain across Africa is very high relative to other global markets.\u201d Heightened demand for critical minerals also signals the need for greater logistics capacity. \u201cWe\u2019ve seen demand increasing over the last few years, largely driven by the whole electrification drive globally and the demand for commodities like cobalt, lithium,\u201d Akoojee added.<\/span><\/p>\n

OTHER INVESTMENT NEWS-<\/p>\n

Brookfield Asset Management eyes USD 5 bn first close for climate fund: <\/strong>Canada\u2019s Brookfield Asset Management aims to raise USD 5 bn for the UAE-backed Catalytic Transition Fund (CTF) to boost climate finance in emerging markets as part of its first close before the end of the year, it said in a statement<\/a> yesterday. The Catalytic Transition Fund (CTF) is anchored by a USD 1 bn commitment from Alterra fund<\/a> set up by the UAE during Cop28. <\/p>\n

What we know: <\/strong>Brookfield will contribute at least 10% of the capital. Alterra recently said it will direct an extra USD 200 bn to investments over the next six years, after saying it aims to mobilize USD 250 bn in green investments by 2030.<\/p>\n

About the fund<\/strong>: The USD 30 bn vehicle was launched last year to increase climate funding for the Global South. Alterra\u2019s initial commitment \u2014 along with BlackRock, Brookfield, and TPG \u2014 was USD 6.5 bn to climate-dedicated funds.<\/p>\n","protected":false},"excerpt":{"rendered":"

The logistics giant is considering investments in the partial privatization of South Africa\u2019s Transnet and the port of Lamu in Kenya<\/p>\n","protected":false},"author":1,"featured_media":93086,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1557],"tags":[244,7,1342,25,99],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-93085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-dp-world","tag-enterpriseam-uae","tag-investment","tag-investment-watch","tag-logistics","wpautop","entry"],"acf":{"mongo_id":"d897c6e2-b565-430c-ac82-4b397b9edba3","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/966.jpg","photo_position":"above","homepage_title":"","full_issue_title":"DP World eyes USD 3 bn in port investments in Africa","related_issue":[93073],"teaser":"The logistics giant is considering investments in the partial privatization of South Africa\u2019s Transnet and the port of Lamu in Kenya","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.54ba105a-fa9e-479c-9245-d94909ca271a.mp3"},"yoast_head":"\nDP World eyes USD 3 bn in port investments in Africa - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DP World eyes USD 3 bn in port investments in Africa\" \/>\n<meta property=\"og:description\" content=\"The logistics giant is considering investments in the partial privatization of South Africa\u2019s Transnet and the port of Lamu in Kenya\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-14T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/966.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"DP World eyes USD 3 bn in port investments in Africa\",\"datePublished\":\"2024-06-14T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/\"},\"wordCount\":312,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/966.jpg?fit=%2C&ssl=1\",\"keywords\":[\"DP World\",\"EnterpriseAM UAE\",\"investment\",\"INVESTMENT WATCH\",\"logistics\"],\"articleSection\":[\"INVESTMENT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/\",\"name\":\"DP World eyes USD 3 bn in port investments in Africa - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/966.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-06-14T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/966.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/966.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"DP World eyes USD 3 bn in port investments in Africa\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"DP World eyes USD 3 bn in port investments in Africa - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/","og_locale":"en_US","og_type":"article","og_title":"DP World eyes USD 3 bn in port investments in Africa","og_description":"The logistics giant is considering investments in the partial privatization of South Africa\u2019s Transnet and the port of Lamu in Kenya","og_url":"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/","og_site_name":"UAE","article_published_time":"2024-06-14T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/966.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"DP World eyes USD 3 bn in port investments in Africa","datePublished":"2024-06-14T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/"},"wordCount":312,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/966.jpg?fit=%2C&ssl=1","keywords":["DP World","EnterpriseAM UAE","investment","INVESTMENT WATCH","logistics"],"articleSection":["INVESTMENT WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/","url":"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/","name":"DP World eyes USD 3 bn in port investments in Africa - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/966.jpg?fit=%2C&ssl=1","datePublished":"2024-06-14T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/966.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/966.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2024\/06\/14\/dp-world-eyes-usd-3-bn-in-port-investments-in-africa\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"DP World eyes USD 3 bn in port investments in Africa"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/966.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/966.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/966.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/93085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=93085"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/93085\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/93073"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/93086"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=93085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=93085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=93085"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=93085"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=93085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}