ITOCHU Corporation has signed a Memorandum of Understanding (MOU) with DP World to explore joint business opportunities across Sub-Saharan Africa. The agreement was unveiled during TICAD 9 in Yokohama this week.
The partnership will focus on logistics services, fleet operations, and food and consumer goods distribution. ITOCHU brings decades of experience in global trade, while DP World has a strong footprint in Africa’s port and logistics sector. Together, they aim to connect Japanese companies with African markets and drive new investment opportunities.
DP World, headquartered in Dubai, operates in 48 countries across Africa. The company has already invested more than USD 3 billion in regional infrastructure, including the 2022 acquisition of Imperial Logistics in South Africa. Over the next three to five years, another USD 3 billion is earmarked for projects such as Banana Port in the Democratic Republic of Congo, Ndayane Port in Senegal, and the expansion of Maputo in Mozambique.
For ITOCHU, the deal supports its strategy of moving further downstream, closer to consumers, and diversifying into sectors shaped by shifting demand.
