Yokohama, Japan – DP World Group DB World has signed a memorandum of understanding with Itosho, one of Japan’s largest trading companies.
This aims to expand the logistics package, supply chain infrastructure and distribution capabilities in sub-Saharan Africa.
According to a press release issued on Thursday, the memorandum was signed during the Tokyo International Conference on African Development “TICAD9” held in Yokohama, Japan.
The memorandum was signed by Pete Simon, Chief Logistics Officer at DP World Group, and senior executives at Itosho.
Under the MoU, the two parties will explore opportunities to enhance trade connectivity and market access in Africa.
In addition to supporting Japanese companies seeking to consolidate or strengthen their presence on the continent.
Improving supply chains
Initial discussions focus on fleet operations and logistics, improving supply chains, and distributing food goods and products.
DB World operates in more than 48 countries across Africa through an extensive network of ports, terminals, and logistics assets, from warehouses to trucks.
The group invested more than US$3 billion in infrastructure development.
There are plans to invest another $3 billion over the next three to five years.
Itosho is headquartered in the Japanese capital, Tokyo.
She has decades of experience in commodities, wholesale trade and consumer goods in Africa.
Its portfolio covers the textile, machinery, energy, chemicals, food and general consumer goods sectors.
This gives it a solid foundation to support Japanese companies wishing to expand in Africa.
Pete Simon, Chief Logistics Officer at DP World Group, said Africa represents a dynamic growth front in global trade.
The collaboration with Itosho reflects a shared vision to achieve added value by combining its expertise in infrastructure and logistics.
For his part, Shinya Ishizuka, CEO of Africa Block at Itosho, hoped that the cooperation would contribute to strengthening projects between the two parties.
In addition to building bridges of communication between Japanese companies wishing to expand into African markets.
