In a strategic move to expand its footprint in emerging markets, Hapag-Lloyd has opened a new office in Kampala, Uganda, cementing its position in East and Central Africa’s growing logistics sector. This development underscores the company’s commitment to enhancing service delivery for Ugandan and regional customers.
Uganda: A Strategic Hub for Trade
Uganda, located in the heart of East Africa, plays a pivotal role in regional commerce. As a landlocked country, its reliance on the ports of Mombasa (Kenya) and Dar-es-Salaam (Tanzania) for international trade makes it a crucial logistics hub. With a projected economic growth of 5.9% in 2024, Uganda offers immense opportunities for businesses.
The Port of Mombasa alone handled 200,000 TEU of exports in 2023, with 22% of this volume attributed to Ugandan trade. Uganda’s ability to consolidate and package commodities such as timber and cocoa from neighboring countries further enhances its stature as a regional trade hub.
Hapag-Lloyd’s Strategic Vision
The new Kampala office marks an essential step in Hapag-Lloyd’s long-term strategy to strengthen its presence in emerging markets. Led by Prashant Sindhwani and a team of five employees, the office aims to streamline logistics operations and foster growth in the region.
This strategic initiative aligns with Hapag-Lloyd’s broader goal of catering to the unique challenges of landlocked countries, particularly in reducing transit times and ensuring reliable service for businesses in Uganda and beyond.
Key Numbers at a Glance
| Metric | Value |
|---|---|
| Uganda’s Projected Economic Growth | 5.9% (2024) |
| Port of Mombasa Export Volume | 200,000 TEU (2023) |
| Uganda’s Share of Mombasa Exports | 22% |
| New Office Team Size | 5 employees |
Glottis: Competitive Solutions for East African Logistics
At Glottis, we closely monitor developments in regional logistics, such as Hapag-Lloyd’s new office in Uganda. Our team is well-positioned to offer competitive logistics costing solutions in the East African corridor, leveraging our expertise in freight forwarding, customs clearance, and warehousing.
Whether you’re navigating landlocked challenges or exploring new markets in East and Central Africa, Glottis provides the efficiency and reliability your business needs.
Let us be your partner in success. Connect with us today to learn how we can streamline your logistics!
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