May 19, 2020

DP World has won 30-year concession for deep-water port in Congo

DP World
congo
Port of Banana
professo
2 min
DP World has won 30-year concession for deep-water port in Congo

DP World, the word’s fourth largest port operator based in Dubai, has won a 30-year concession for the development of the Port of Banana, located along Congo’s Atlantic coast.

The news follows the firm’s announcement of plans to expand across Africa, with recent agreements made with Egypt, Ethiopia, and Somaliland.

The US$1bn project will see DP World manage and develop the port in a joint venture with the Democratic Republic of Congo’s government.

The venture will see the UAE-company owning a 70% stake in the project, with the government owning the remaining 30%.

The construction of the project is anticipated to start this year and be operational within two years.

The Port of Banana project could also be subject to a 20-year extension.

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The Port will have “a major impact on the country’s trade with significant cost and time savings, attracting more direct calls from larger vessels from Asia and Europe, and ultimately acting as a catalyst for the growth of the country and the region’s economy,” stated CEO and Group Chairman of DP World, Sultan Ahmed bin Sulayem.

Congo has pursued a port to be located on its 37km coast, with the capabilities of handling larger vessels than those located along the Congo river.

“For DP World the investment in Banana is all about the potential that Africa has for growth and the Congo in particular,” commented Neil Davidson, analyst at Drewry Shipping Consultants.

“At present, Congo’s container volumes are minimal – less than 100,000 TEUs per year-– but the country has a large population, plus there are significant bulk and breakbulk cargoes.”

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Jun 14, 2021

5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly

Tapoly
Insurance
Leadership
Digital
Kate Birch
3 min
Heading up Europe’s first on-demand insurance platform for the gig economy, Janthana Kaenprakhamroy is winning awards and leading with diversity

Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.

Here, Business Chief talks to Janthana about her leadership style and skills. 

What do you do, in a nutshell?

I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.

How would you describe your leadership style?

I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.

What’s the best leadership advice you’ve received?

Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.

How do you see leadership changing in a COVID world?

I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.

They say ‘from every crisis comes opportunity’, what opportunities do you see?

The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless. 

What advice would you give to your younger self just starting out in the industry?

Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.

 

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