Dubai’s DP World, Britain’s CDC to jointly invest in Africa

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The investments in ports, container depots, business parks and other infrastructure would be made through a newly created investment platform set up by DP World and CDC, they said.

State-owned DP World said it had contributed minority stakes in three ports it operates in Africa to the platform and that it planned to invest $1 billion over the next few years.

The ports are in Egypt’s Sokhna, Senegal’s Dakar, and Berbera in Somalia’s breakaway region of Somaliland.

CDC said it had committed $320 million to the platform, through which it expected to invest up to an additional $400 million over the next several years.