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Citi advising UK’s CDC on logistic investments in Africa with DP World
Published by maria gbaf
Posted on October 14, 2021
1 min readLast updated: January 29, 2026
Global Banking & Finance Review®
Company
Published by maria gbaf
Posted on October 14, 2021
1 min readLast updated: January 29, 2026
CDC Group partners with DP World for $1.72 billion in logistics investments in Africa, focusing on port expansions in Egypt, Senegal, and Somaliland.
DUBAI (Reuters) -Britain’s development finance agency CDC Group has hired Citi to advise it on up to $1.72 billion in logistics infrastructure investments it plans to deploy in Africa jointly with Dubai ports giant DP World, two sources said.
A CDC spokesperson confirmed to Reuters via email that it worked with Citi on the transaction.
The investments will initially 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 said this week.
State-owned DP Word has committed to investing $1 billion over the next several years, while CDC has committed $320 million and could potentially invest up to a further $400 million.
The partnership plans to invest, along with ports, in infrastructure such as container depots and business parks.
CDC, which is owned by the British state, will own minority stakes in the three ports, with DP World handing over some shares in each.
(Reporting by Davide BarbusciaEditing by Peter Graff)
The article discusses CDC Group's partnership with DP World for $1.72 billion logistics investments in Africa.
Citi is advising CDC Group on the logistics infrastructure investments.
The investments focus on port expansions in Egypt, Senegal, and Somaliland.
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