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DP World to run Tanzania port as harbours in Africa go private

DP World to run Tanzania port as harbours in Africa go private

  • Dubai-based logistics giant DP World will be given berths five to seven in the Port of Dar es Salaam to manage. The move comes as rising number of ports in Africa go private as governments seek to boost import/export trade.
  • Tanzania plans to increase the port’s revenue collection by 233.7 per cent over the next 10 years under the DP World deal.
  • The port handles various types of cargo, including containers, bulk cargo, and petroleum products for Tanzania, Rwanda, Burundi, DRC, and Uganda.

The port of Dar es Salaam, which the World Bank has labelled East Africa’s busiest and most modern, could see its fortunes rise following a deal by Tanzania with DP World to manage and develop it even further.

The Dubai-based logistics multinational DP World has entered into an Intergovernmental Agreement with Tanzania for the development of one of the vital harbours in East Africa.

Private sector infusing

The post DP World to run Tanzania port as harbours in Africa go private appeared first on The Exchange.

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