DP World Still ‘Bullish’ on Africa Even as War Stokes Inflation

DP World Ltd. remains “bullish” on its expansion plans in Africa, even as the continent faces inflation from the Iran war caused by surging fuel prices, according to its regional head.

The global logistics giant is continuing its expansion plans for ports and infrastructure from Mozambique to Congo. It has invested as much as $4 billion in the last five years across the continent, and plans to commit another $4 billion to new port development corridors and logistics, said Mohammed Akoojee, DP World’s chief executive officer and managing director for Africa.