UAE’s post-oil ambitions steer a multibillion-dollar push into African freight
UNITED Arab Emirates-based companies and funds are doubling down on a foray into Africa's freight and logistics scene. Earlier this week, Emirati maritime giant, DP World, inked a US$250 million port contract with Tanzania to operate part of Dar es Salaam's port for 30 years. DP World will exclusively manage four city dock moorings and share control of another four with the Tanzania Port Authority. Plasduce Mbossa, the authority's director general stated contracts will be reviewed every five years. Tanzania's deal with UAE follows President Samia Suluhu Hassan's previous agreement, allowing DP World to consultatively oversee all Tanzanian ports. Although…