DP World enhances socio-economic growth in South Africa, Nigeria

SOUTH AFRICA/NIGERIA – DP World, a leading global logistics provider, has significantly enhanced its socio-economic impact in South Africa and Nigeria.

According to a recent study by Accenture, DP World has generated over 19,000 jobs and contributed USD 13 billion to the economies of these two countries over the past two years.

DP World expanded its footprint in South Africa and Nigeria after acquiring Johannesburg-based Imperial Logistics in March 2022.

The company’s efforts have not only created jobs but have also improved access to essential services and strengthened supply chains.

“Since acquiring Imperial, DP World has significantly expanded its presence and scale in both countries,” the company stated.

Accenture’s framework, developed to measure DP World’s impact, focused on three areas: industry value, partner value, and societal value. This comprehensive approach allowed for a consistent assessment of the company’s contributions across various regions.

In Nigeria, DP World’s initiatives have led to substantial savings in healthcare costs. Improved access to affordable medicines and primary healthcare facilities saved Nigerian consumers an estimated USD 67.1 million. This, in turn, has played a crucial role in enhancing community health and well-being.

Despite facing macroeconomic challenges, DP World has maintained its commitment to sustainable growth and development.

The company reported contributing USD 6.74 billion to Nigeria’s economy and USD 6.24 billion to South Africa’s economy.

Mohammed Akoojee, CEO & MD of Sub-Saharan Africa at DP World, emphasized the importance of these efforts: “In these challenging times, our commitment to sustainable development and community well-being is more critical than ever.”

DP World’s initiatives in South Africa and Nigeria extend beyond job creation and healthcare. The company has also focused on strengthening supply chains and facilitating trade, laying the foundation for long-term economic stability and growth.

“Our efforts have not only supported direct and indirect jobs and improved healthcare access but have also strengthened supply chains and facilitated trade,” said Akoojee. “We are building stronger, healthier, and more resilient communities.”

Meanwhile, Africa’s business leaders are optimistic about growth in 2024, driven by investments in technology and regional trade agreements.

A study by DP World and Economist Impact highlighted that senior executives expect a surge in intra-African trade, spurred by new trade pacts and technological advancements.

However, challenges such as inflationary pressures, economic uncertainty, and political instability remain.

African businesses are increasingly adopting technology to enhance efficiency and resilience. The study noted that while the African Continental Free Trade Area (AfCFTA) is expected to reduce tariff barriers, businesses still face high transport costs and complex customs procedures.

Nearly three-quarters of executives agreed that government actions, like enhancing regional trade agreements, have positively impacted their supply chain strategies.

For all the latest fresh produce industry news updates from Africa, the Middle East, and the World, subscribe to our NEWSLETTER, follow us on Twitter and LinkedIn, like us on Facebook, and subscribe to our YouTube channel.