Huge investment to develop Africa's infrastructure signed
A joint investment to modernise logistics infrastructure in Africa has been agreed between
the Dubai ports giant DP World and the UK's development finance agency CDC Group.
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The $1.7bn (£1.2bn) investment will initially focus on expanding three ports:
Egypt's Ain Sokhna, Senegal's Dakar and Berbera in Somalia's breakaway region of Somaliland.
All the ports are operated by DP World.
The partners hope the investment - which they plan to expand to other regions in Africa -
will help accelerate inbound and outbound trade for the continent.
According to CDC, the expansion of the three ports will support five million jobs and add
$51bn to total trade by 2035.
It's expected to benefit 35 million people including those from neighbouring countries.