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Hapag-Lloyd invests in growing East African market

Hapag-Lloyd AG is a multinational German-based transportation company. (Image source: Hapag-Lloyd)

Hapag-Lloyd, a multinational German-based transportation company, has announced to continue its investment in growing East African market

With annual growth rates of approximately six per cent, the region tops the list on the African continent. Kenya, in particular, is developing with significantly rising import and export figures as well as massive investments in public infrastructure.

In April 2018, Hapag-Lloyd launched the East Africa Service (EAS), its first dedicated service to East Africa. After a successful start this service will be expanded in September with a weekly connection to and from Nhava Sheva, Mundra, Khor Fakkan, Jebel Ali, Mombasa and Dar es Salaam. EAS2 will replace the current EAS service and directly link the Arabian Gulf and the West Coast of India with East Africa.

Hapag-Lloyd also offers inland transportation to and from East African hinterland locations of Bujumbura (Burundi), Kigali (Rwanda), Lubumbashi (Democratic Republic of Congo), Lusaka (Zambia) and Kampala (Uganda).

Dheeraj Bhatia, managing director for Africa, the Middle East and Indian Subcontinent at Hapag-Lloyd AG, said, “With our upcoming new EAS2 service we will be able to offer even better connections from and to East Africa. All in all we are experiencing growing client demand which demonstrates the economic potential of Kenya.”

The GDP of Kenya has grown significantly in the last two years, rising by an average of approximately six per cent. Kenya primarily exports coffee and tea, but also vegetables, fruits and textiles. The main imports are vehicles, spare parts, yarns, machines and electronic goods.

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