Kuwait logistics group, Agility, plans to invest up to US$100 million in 2015 to expand its business, particularly on the African continent.
Agility will focus on four oil- and gas-producing nations on the continent namely Angola, Mozambique, Ghana and Nigeria, which are all experiencing growing populations and consumer spending, reported Abu Dhabi-based publication, The National.
President and CEO of Agility’s logistics unit, Essa Al Saleh, said: “We see a lot of opportunities in terms of oil and gas. We see a lot of opportunities in relation to growing economic development and wealth in Africa.”
Saleh said the firm was committed to growing its business in various markets in Africa. "Africa is a growing market and it's one of our last frontiers. We've invested, but not as much as we would have liked.”
According to reports, Agility’s investments in 2015 will focus on organic growth as opposed to acquisitions.
Logistics group allocates US$100m for business growth
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