Subscribe | Advertise | Contact Us | About Us |    

Bookmark and Share

Bolloré Logistics Looks to Unlock Africa

Bollore SA, an investment company controlled by French billionaire Vincent Bollore, is competing to expand its African unit to operate five more port terminals and is eyeing similar growth in Asia and Latin America.

Bollore Africa Logistics is vying to operate container terminals in Kenya, Somaliland and Mozambique, with the possibility of upgrading existing infrastructure and building new facilities, Philippe Labonne, the unit's managing director, said in an interview in Johannesburg.

The company, which currently operates 14 port terminals on the continent, plans to expand in South Africa and is targeting a market share in the logistics industry in the country of as much as 5 percent. It seeks to become the "preferred partner" for the biggest companies on the continent, said Labonne.

Revenue for Bollore's African unit rose 25 percent to 2.5bn euros ($3.26bn) in 2012, Labonne said. For fiscal 2011, African sales accounted for 23 percent of Bollore SA's revenue, according to data compiled by Bloomberg. The company is part of a consortium bidding to build a second terminal at Ivory Coast's Abidjan port in a deal worth 460m euros, Labonne said.

Bollore employs 25,000 people in 45 African countries through 250 subsidiaries. Its operations include two railway lines, freight forwarding and warehousing facilities.

Read Full Article

SCB TRANSLATOR (Over 60 languages)
Sponsored by: