Partnership to strengthen logistics and trade in sub-Saharan Africa
DP World has signed a memorandum of understanding (MoU) with ITOCHU Corporation, one of Japan’s largest trading companies, to expand logistics, supply chain infrastructure, and distribution capabilities in sub-Saharan Africa.
The agreement was signed during the Tokyo International Conference on African Development (TICAD9) held in Yokohama, Japan, by Beat Simon, Group Chief Operating Officer, Logistics, DP World and senior executives from ITOCHU Corporation.
Under the MOU, both companies will explore opportunities to enhance connectivity and market access across Africa, supporting Japanese businesses seeking to establish or grow their presence on the continent. Initial discussions are focused on fleet and logistics operations, supply chain optimization, and the distribution of commodities and food products.
Investment
DP World has invested over US$ 3bn in infrastructure development, with a further US$ 3bn planned over the next 3 to 5 years. These investments are designed to drive economic growth, boost intra-Africa trade and better connect African markets to global supply chains, according to a press statement.
Headquartered in Tokyo, ITOCHU’s diversified portfolio across Africa spans textiles, machinery, energy, chemicals, foods, and general consumer goods, giving it a strong foundation to support Japanese businesses expanding into Africa.
Unlocking value
“This collaboration with ITOCHU reflects a shared vision to unlock value by combining our infrastructure and logistics expertise with ITOCHU’s commercial experience to create deeper connections between Africa and Japan,” noted Simon.
“We hope that this collaboration will not only lead to further projects between the two parties but also serve as a bridge between Japanese companies seeking to expand into Africa and the African market,” remarked Shinya Ishizuka, CEO, Africa Bloc, ITOCHU Corporation.
