Audio By Carbonatix
The Chief Executive Officer of DHL Express, Ken Allen has described Africa as the last bastion for business globally with the potential to be stable and lucrative for international commerce.
Mr Allen is in Sub-Saharan Africa to visit some countries including Zambia, Kenya, Ethiopia and South Africa.
The visit would serve as a platform for DHL to expand into the continent and increase its already vast footprint into the far-flung, rural areas.
This was contained in a statement issued to Ghana News Agency on Monday.
The DHL boss would also use the visit to attend DHL’s internal employee celebration in Livingstone, Zambia, which acknowledges the company’s ‘superstars’ from over 60 countries.
The visit follows a March 5 announcement by Deutsche Post DHL that the DHL Express division made an EBIT contribution of EUR 1.11 billion in 2012, a 21 percent improvement over 2011.
Mr Allen was eager to use this proven global business approach to further entrench DHL in the continent, spur on trade and connect the markets to increase the continent’s global competitiveness.
He said much had been said around Africa’s potential saying: “It currently contributes only three per cent of the global Gross Domestic Product and is still the fastest growing continent”.
“We have seen positive economic indicators from countries across Sub-Saharan Africa such as Nigeria, Cote d’Ivoire, Ghana, Kenya, Mozambique and Uganda and I believe we will continue to see Africa improve its standing on the international business stage”, he said.
“The major challenge for Africa and primarily for us as logistics operators, is to improve infrastructure - whether this is road infrastructure or air capacity”, he noted.
He said that current road conditions were responsible for approximately 40 percent of transport costs in coastal countries and 60 percent in landlocked countries, adding that transport costs could make up 50 to 75 percent of the actual retail price of goods in countries such as Malawi, Rwanda and Uganda.
Mr Allen said DHL was currently transporting over 80 percent of its cargo by air, which was three and nine times more expensive than road or rail.
For Africa to become competitive, he said, there was the need urgent review the situation with a strong focus on the developments of the transport infrastructure.”
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Foreign Ministry repatriates nearly 7,000 distressed Ghanaians since 2025 – Ablakwa
3 minutes -
Gender Ministry steps up community campaign against social vices
39 minutes -
Police bust armed robbery gang targeting gold dealers, mining sites in Ashanti and Western regions
45 minutes -
Galamsey causes 1 in 4 fibre cuts in Ghana – Sam George
52 minutes -
Police link Labone bank robbery suspects to earlier attacks on customers
57 minutes -
Accra-Kumasi Expressway will be Mahama’s major road legacy – Agbodza
1 hour -
Ghana spends over US$20m repairing fibre cuts – Sam George
1 hour -
GACL wins two awards at ACI World Airport Experience Summit
1 hour -
Tomato prices to drop sharply in coming weeks – John Dumelo
1 hour -
Ashanti Region crowned 2026 MTN Elite U-19 champions after seven-goal thriller
1 hour -
Stranded Ghanaians in South Africa plead for fresh evacuation window
1 hour -
Kpone-Katamanso MUSEC summons emergency meeting over chieftaincy tension
1 hour -
Foreign Affairs Ministry to launch Diaspora Consular Fund
2 hours -
Police veers into investigations of death of a woman at Have Etoe
2 hours -
Travel and tour agent remanded over GH¢107,000 recruitment scam
2 hours