Imperial, owned by Dubai's DP World, has acquired a controlling stake in Nigeria's Africa FMCG Distribution Ltd. (AFMCG), a move that will help the global port operator to expand its Africa business. Part of the Chanrai Group of Companies, AFMCG is a multi-faceted business distributing products and offering a nationwide route-to-market solution across multiple channels in Nigeria. DP World operates nine ports and terminals across eight African countries, including Algeria, Angola, Egypt, Mozambique, Rwanda, Senegal, Somaliland, and South Africa. AFMCG presents an ideal opportunity with the necessary scale for us to leverage to sell truly pan-African solutions to our principals and clients,” said Mohammed Akoojee, Chief Operating Officer of DP World Logistics and Group CEO at Imperial. The investments will focus on expanding ports operated by DP World in Egypt's Ain Sokhna, Senegal's Dakar and Berbera in Somalia's breakaway region of Somaliland, CDC had said.

Source: The North Africa Journal July 13, 2022 19:27 UTC