-- DP World plans to spend $3 billion over the next three to five years on new port and logistics infrastructure in Africa to meet long-term growth that includes surging demand for critical mineral exports.“The cost of logistics and supply chain across Africa is very high relative to other global markets,” which presents a good opportunity, Mohammed Akoojee, DP World’s chief executive officer and managing director for sub-Saharan Africa, said in an interview on Bloomberg Television.
A booming market for critical minerals including copper from Zambia and the Democratic Republic of Congo are helping drive the need for greater logistics capacity, Akoojee said. “We’ve seen demand increasing over the last few years, largely driven by the whole electrification drive globally and the demand for commodities like cobalt, lithium.”DP World ’s Africa unit has 27,000 workers and covers ports, terminals, logistics and supply chain businesses.
Nvidia stock forecast: After rising more than 200% in a year the chipmaker could be fabulously profitable, an AI leader—and an extremely poor investmentClaiming the CPP at 60 has financial consequences but could be advantageous and more beneficial to some prospective retirees. The post Claim CPP at 60? Here’s Why it Could Pay Off Big appeared first on The Motley Fool Canada.
Legendary investor Peter Lynch’s advice for how to invest when stock prices look frighteningly overpricedWant an Extra $1,000 in Annual Income? Invest $15,000 in These 3 Unstoppable Stocks
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BNNBloomberg - 🏆 83. / 50 Read more »