The UK’s development finance institution, BII, has committed up to
$35 million to the first phase of developing a new container terminal in the
Democratic Republic of Congo (DRC), partnering with DP World for this project.
This investment marks a significant expansion of their collaboration, which
already includes stakes in the ports of Dakar, Sokhna, and Berbera in Senegal,
Egypt, and Somaliland, respectively. BII, which holds minority stakes in these
existing ports, will similarly become a minority investor in the Port of
Banana. This new project will enhance the port infrastructure in the DRC,
boosting its capacity and connectivity while reinforcing the ongoing
partnership between BII and DP World. The
new port will be designed with a draft of 17.5 meters, allowing it to handle
large container ships. The development will occur in multiple phases to
gradually expand its capabilities and integrate with other infrastructure
projects. This phased approach will ensure that the port not only meets the
needs of big vessels but also connects efficiently with surrounding
infrastructure, enhancing its overall functionality and impact on regional
trade.

