News

Hapag-Lloyd breaking ground in Uganda


Hapag-Lloyd today opened its new office in the city of Kampala, the capital of Uganda.

Strategically situated, Uganda provides excellent connections to five neighboring countries in East and Central Africa.

With a population of around 50 million, the country has become an attractive market on the African continent.

The Ugandan economy is on the rise with an expected GDP growth of 5.9% in 2024. As a landlocked country with no direct access to the sea, it relies on neighboring ports, such as Mombasa in Kenya and Dar-es-Salaam in Tanzania, to facilitate its international trade.

The Port of Mombasa handled approximately 200,000 TEU of exports in 2023, with 22% of the volume originating from Uganda, demonstrating the country’s significant role in the region’s trade flows. Most of the cargo between Uganda and the ports is transported by trucks.

Business hub for packaging

Apart from exporting its own commodities, Uganda’s importance also lies in its role as a business hub for packaging and consolidating a diverse range of commodities that move throughout the region.

Key exports passing through Uganda include timber and dry hides from South Sudan, cocoa, minerals, and timber from the Democratic Republic of Congo, as well as coffee from Rwanda.

These flows highlight Uganda’s growing impact on East African exports and its potential for facilitating trade across borders.

“Uganda plays a vital role in the export landscape of Africa and continues to see economic growth,” says Lars Sorensen, Senior Managing Director Region Middle East at Hapag-Lloyd. “Opening our office in Kampala is part of our long-term strategy to establish an early presence in emerging markets with high potential.

With Kampala as our new hub, we can strengthen our position in the African market, improve service delivery, and better meet the needs of our customers both in Uganda and in neighboring regions.”

The new Hapag-Lloyd office in Kampala will be led by Prashant Sindhwani and has five employees.

Also Read

Ghana inaugurates landmark 97km Tema-Mpakadan railway line

AirAsia X expands its horizons to Africa with maiden flight to Nairobi

theafricalogistics

Recent Posts

From Tel Aviv to Wall Street: How Middle East Tensions Are Fueling an Oil Rally

As missiles flew over the Middle East this week, a different kind of detonation hit…

1 week ago

Air India Tragedy: Sole Survivor Speaks as Experts Unravel AI-171 Crash

Less than a minute after lifting off from the runway, Air India Flight AI-171 disappeared…

1 week ago

Adobe Stock Slides as Investors Question AI Payoff Despite Strong Earnings

Adobe Inc. (NASDAQ: ADBE) saw its shares tumble more than 7% on Friday, even after…

1 week ago

Why Alexandr Wang Is Key to Zuckerberg’s AI Endgame

In a move that signals a new phase in the global AI arms race, Meta…

1 week ago

Israel-Iran Escalation Boosts Lockheed Martin Stock as Defense Orders Loom

Lockheed Martin (NYSE: LMT), America’s largest defense contractor, is experiencing a notable uptick in investor…

1 week ago

Entire Fulbright Board Resigns in Protest Over Political Interference

In an unprecedented move that has sent shockwaves through the international academic community, all but…

1 week ago