DHL Plans to Invest €300 Million to Expand Logistics in Africa

DHL Group plans to invest more than €300 million ($349 million) in warehouses and other infrastructure in Africa to capitalize on demand from sectors such as e-commerce and renewable energy.

The value of trade on the continent rose 10% despite US President Donald Trump’s trade war, according to DHL. Africa could be the second-fastest growing region in terms of trade value in four years, DHL Express Chief Executive Officer John Pearson said in an interview.