JOC: DHL pours investment into Africa to grow its coverage

JOC - HONG KONG — DHL Express will invest $20 million in sub-Saharan Africa this year to increase its footprint, taking the German logistics giant’s total investment in the continent to more than $50 million in the last year.

The investment reflected the importance of emerging markets to DHL, which Deutsche Post DHL CEO Frank Appel said contributed more than 20 percent of the group’s revenue, a figure that was expected to grow to 30 percent by 2020.

“Therefore, we will continue to concentrate on organic growth by investing into promising present and future markets,” Appel said in a statement. Click through the following link to read the full article: DHL pours investment into Africa to grow its coverage

Nile Capital Management

We Know Africa: From Cairo to Cape Town

For more information please call 646-367-2820