UAE's DP World and UK's BII invest $35m each in DRC's first deepwater port, Banana, as part of DP World's Africa expansion.

DP World, a UAE logistics firm, and the UK's British International Investment (BII) are investing up to $35m each in the first phase of the Democratic Republic of Congo's (DRC) first deepwater container port, Banana. The port project, part of DP World's Africa expansion, is expected to increase trade capacity, cut costs by 12%, and create up to 85,000 jobs. Developed in multiple phases, the port will enhance DRC's infrastructure and access to global markets, supporting the growing demand for commodities like cobalt and lithium.

August 19, 2024
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