DHL to Invest €500 Million on Africa, Middle East Expansion

Logistics giant DHL Group plans to invest about €500 million ($575 million) in health-care services in Africa and the Middle East over the next five years to capitalize on China‘s push into the regions.

The German company is looking particularly at Africa for growth opportunities, with time-critical shipments of vaccines, stem-cells and cryogenics all target areas, EMEA health-care head Annette Naude said in an interview.