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DP World, UACCIAP partner to reshape intra-Africa tradeDP World, UACCIAP partner to reshape intra-Africa trade

DP World and the Union of African Chambers of Commerce, Industry, Agriculture, and Professions (UACCIAP) have partnered with an aim to enhance intra-Africa trade.

Michele Labrut, Americas Correspondent

December 21, 2023

1 Min Read
DP World African trade
Photo: DP World

The partnership plans to address business challenges and foster collaborative opportunities. The alliance aims to make intra-African commerce more accessible, efficient, and cost-effective.

UACCIAP and DP World will provide African firms with a  platform for connecting, sharing business information, access to fairs and exhibits, sectorial and general delegations, and logistical support under the terms of the agreement.

 “We are dedicated to supporting the growth of African businesses and foster trade within the continent. Poor road, rail and maritime infrastructure add as much as 40 per cent to the costs of goods traded among African countries,” said DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem,

“At the same time, intra-African trade makes up just 13% of its total. This agreement will provide our members with a valuable platform to reach new markets and expand their operations,” he added.

 “This partnership is a significant step towards promoting trade and investment between African countries. We have witnessed many African countries drive their economies towards higher growth and we are fully confident in our continent’s offering to the world,” commented UACCIAP Chairman Ahmed El Wakil.  “We are delighted to partner with DP World, a global leader in logistics and e-commerce, to connect African businesses with new opportunities and markets.”

Related:DP World signs 30-year concession to operate Dar es Salaam port in Tanzania

 

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About the Author

Michele Labrut

Americas Correspondent

Michèle Labrut is a long-time Panama resident, a journalist and correspondent, and has continuously covered the maritime sector of Central & Latin America.

Michèle first came to Panama as a press attaché to the French Embassy and then returned to the isthmus as a foreign correspondent in the 1980s.

Author of Seatrade Maritime's annual Panama Maritime Review magazine and of several books, Michèle also wrote for Time magazine, The Miami Herald, NBC News and the Economist Intelligence Unit. She has also collaborated in making several documentaries for the BBC and European and U.S. television networks.

Michèle's profession necessitates a profound knowledge of the country, but her acumen is not from necessity alone, but a genuine passion for Panama.

In 2012 she was awarded the Order of Merit (Knight grade) by the French Government for her services to international journalism and in 2021 the upgrade to Chevalier grade.

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