DP World Drives $13bn in Socio-economic Impact in South Africa and Nigeria: Research

DP World created more than 19,000 jobs and drove $13 billion of socio-economic impact across South Africa and Nigeria over 2022 and 2023, according to independent research by consulting firm, Accenture.

Since acquiring Johannesburg-based Imperial Logistics (Imperial) in March 2022, DP World has significantly expanded its presence and scale in both countries. DP World’s operations impact millions of lives across both countries. To measure DP World’s total impact Accenture developed a customised framework looking at three value areas — value to industry; value to partners; and value to society.

The framework integrates economic drivers and key performance indicators tailored to each area, to consistently measure impact across different geographies and over time. This goes beyond just job creation. For example, improved access to affordable, safe medicines and primary healthcare facilities, meant an estimated $67.1 million was saved by Nigerian consumers, contributing to saving lives, the research found. According to the research, despite macroeconomic challenges, DP World continued to foster sustainable growth and development of US$6.74 billion in Nigeria and US$6.24 billion in South Africa.

Mohammed Akoojee, CEO & MD for sub-Saharan Africa at DP World, said: “In these challenging times, our commitment to sustainable development and community well-being is more critical than ever. Our efforts in Nigeria and South Africa have not only supported direct and indirect jobs and improved healthcare access but have also strengthened supply chains and facilitated trade, laying the foundation for long-term economic stability and growth. We believe that our resilience and innovation are key to transforming the regions and communities in which we operate.”

“We are proud of the significant role that our businesses and our people at DP World play on the continent. Our vision for the future is one where economic progress, social development, and environmental sustainability go hand in hand. We are not just building a business; we are building stronger, healthier, and more resilient communities,” Akoojee added.

Read the full reports here:

Nigeria: https://www.overend.co.za/download/dp-world-seia-report-nigeria-21-june-v2-1.pdf

South Africa: https://www.overend.co.za/download/dp-world-seia-report-south-africa-21-june-2024_final.pdf

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