African infrastructure equity investment manager African Infrastructure Investment Managers (AIIM) has acquired a 60% interest in dry bulk terminal operator DSM Corridor Group Tanzania (DCG), in the Port of Dar es Salaam, in Tanzania.
“The port and surrounding infrastructure is set to be refurbished under the lauded Dar es Salaam Maritime Gateway project, which is jointly funded by the World Bank, the UK’s Department for International Development and TradeMark East Africa,” AIIM CEO Jurie Swart said.
He added that its strategic location services multiple landlocked countries including Zambia, Uganda, the Democratic Republic of Congo, Rwanda, Burundi and Malawi.
“Key dry bulk commodities flow through these corridors and the planned rehabilitation of the Central Corridor railway project will further anchor the port as a critical East African hub.”
Swart noted that the combination of a pressing requirement for greater efficiency at African ports and the development of private investment programmes were driving a strong pipeline of opportunities, particularly in the dry bulk cargo area.
“This partnership represents an attractive opportunity to support the development of a Pan-African infrastructure platform with a team which has demonstrated immense success in providing a service to both regional and global clients, while ensuring a significant impact on economic and social development in our core markets,” he said.