Jacana Partners and Soros Economic Development Fund (SEDF) have invested in the DSM Corridor Group (DCG), the leading dry bulk cargo handling company at the Port of Dar es Salaam. The dual investment will finance the expansion of DCG’s storage capacity for both volumes and the range of commodities, and a new cargo handling site will contribute to the development of the regional trade corridor. Cedric de Beer, director of African operations, SEDF, said: “DCG is facing a number of new opportunities thanks to the rising regional importance of the Port of Dar es Salaam, which not only serves Tanzania but is a gateway for exports and imports for several landlocked African countries.” The investment will help to create up to 150 new jobs and is expected to increase port efficiency, which is expected to support growth of key sectors such as agribusiness, mining and construction.
Bulk cargo-handling investment in Tanzania
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