ITOCHU Announces Signing of MOU with DP World, One of the World’s Largest Port and Logistics Companies, on Strategic Collaboration in Sub-Saharan Africa Region | News Releases | ITOCHU Corporation

August 21, 2025

ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Keita Ishii, President & COO; hereinafter “ITOCHU”) announced today that it has concluded a Memorandum of Understanding (hereinafter the “MOU”) on a strategic collaboration in the Sub-Saharan <a href="https://absafricatv.com/ebrd-publishes-first-forecast-for-sub-saharan-africa/” title=”EBRD publishes first forecast for sub-Saharan Africa”>Africa region with DP World (headquartered in Dubai, United Arab Emirates; Sultan Ahmed bin Sulayem, Group Chairman & CEO; hereinafter “DP World”), one of the world’s largest port and logistics companies.
The conclusion of the MOU was announced at the 9th Tokyo International Conference on African Development (TICAD 9) held in Yokohama from August 20 to August 22, 2025. Currently, the two companies are in the process of discussing a variety of specific initiatives to be implemented in the Sub-Saharan Africa region, including initiatives related to fleet, logistics-related services and the daily necessities and food wholesaling business. ITOCHU has been developing its raw materials and goods trading business for many years, and DP World excels in the logistics and port business in the region. Through this alliance, we will collaborate and work to be a bridge between Japanese companies seeking to expand into Africa and local entities, with a view toward the creation of new business opportunities.
DP World was established in 2005 through the merger of Dubai Ports International and Dubai Ports Authority, which were engaged in the port management and operation business in Dubai. Today, it operates widely in 48 countries in the Africa and has already invested over USD3 billion in infrastructure development including acquisition of Imperial Logistics, a major South African logistics company in 2022. DP World has also planed a further USD3 billion investment for the next three to five years. Key projects include the Banana Port in Democratic Republic of Congo, Ndayane Port in Senegal, and Maputo Port expansion in Mozambique.
Under the management policy “The Brand-new Deal – Profit opportunities are shifting downstream –,” ITOCHU aims to expand business areas by properly capturing consumer’s needs as they diversify with social changes and by pioneering and evolving downstream businesses that are closer to the consumers.

(Photo) MOU announcement

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