Three huge corporations like CMST, Mercuria, and Henry Bath and Son Ltd appear to be interested in the investment. They intend to take advantage of the port as a piece of their trade strategy in Africa. Their meeting organized by DP World and Tanzania Ports Authority represents investor confidence in Tanzania’s logistics and infrastructure reaching new levels.
Dar es Salaam Port Attracts Global Metal Investors
At new era, Dar es Salaam Port is doing well by implementing efficiency strategies and involving the private sector, which has got the fanciness of three leading global metal trading companies. CMST, Mercuria, and Henry Bath and Son Ltd want to claim a part of the African market and are interested in Tanzanian port. DP World and the Tanzania Ports Authority (TPA) invited the companies to become familiar with each other and cooperate in the future.
Tanzania Gets World Attention as Dar Es Salaam Port is Optimistic about Investments
Eng. Dr. Baraka Mdima, TPA Acting Deputy Director General, made a statement during a meeting in Dar es Salaam. He uttered warm words to encourage companies to come and set up here. “Welcome to Africa and let me say in particular, welcome to Dar es Salaam to come and invest in Tanzania. There is a great potential for you if you will come. The talks with DP World will be triumphant. Our terminal operator is performing our activities very well, thus we are going to meet all your requirements,” he pointed out.
The CEO of DP World Tanzania, Martin Jacob, bragged about the relevance of their visit: “Today, we had the honor to welcome three world-leading companies in the metals sector. This fact is a confirmation that the Dar port potential is already being realized.” He explained how advanced logistics would not only help the port to be more productive but also create great opportunities for the surrounding countries whose gates are the link to the new infrastructure provided by the port.
Global Metal Giants Eye African Expansion
The entry of CMST, the leading metal storage company, into Africa will provide a significant boost to mineral trading solutions, which have been globally tested before, but are now implemented on the continent. The vast metal trading giant, which stands among the world’s top five companies with more than a $180 billion turnover each year, has been regained in the metals business since August 2024 and is eyeing African expansion as an area to be invested in. Besides, Henry Bath & Son Ltd, a firm with a long history and experience in the metals market at the London Metals Exchange, is also interested in supporting the growing market in Africa.
“For Africa, the above is our next strategic site, and it is our current position in this denomination where we have no presence but believe that Dar es Salaam Port is such a key gateway with progressively increasing losses,” said Wang Haibin, President of CMST.
Tanzania, the country that continues to luring capital investments, on the other hand, is working closely with Uganda to boost Dar es Salaam into a mandatory center of trade for the world, particularly in the metals sector.