DP World accelerates Africa expansion as Imperial acquires stake in Nigeria’s AFMCG

DP World accelerates Africa expansion as Imperial acquires stake in Nigeria’s AFMCG

Imperial, owned by Dubai's DP World, has acquired a controlling stake in Nigeria's Africa FMCG Distribution Ltd. (AFMCG), a move that will help the global port operator to expand its Africa business.

Part of the Chanrai Group of Companies, AFMCG is a multi-faceted business distributing products and offering a nationwide route-to-market solution across multiple channels in Nigeria. Its services also extend to co-manufacturing, co-packing, sourcing, and value-added services in the fast-moving consumer goods (FMCG) sector.

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said: “This transaction is aligned with our ambition of becoming the leading market access and logistics partner in Africa by connecting trade flows into and out of Africa. AFMCG also offers strategic value to DP World from a supply chain and fintech perspective, in line with our strategic objective of leveraging assets and logistics to create an integrated global supply chain – from the factory floor to the customer’s door.”

DP World completed its acquisition of South Africa-based Imperial Logistics in March, for approximately $890 million. Imperial employs more than 25,000 people.

DP World operates nine ports and terminals across eight African countries, including Algeria, Angola, Egypt, Mozambique, Rwanda, Senegal, Somaliland, and South Africa.

With a nominal GDP of