Adani Enters Africa With Acquisition of Tanzania Container Firm

An Adani Ports and Special Economic Zone Ltd. joint venture has entered into an agreement with Hutchison Port Holdings Ltd. to acquire 95% stake in a container terminal company at the Port of Dar es Salaam in Tanzania.

Adani has partnered with Abu Dhabi-based logistics company AD Ports Group and East Harbour Terminals Ltd. to acquire Tanzania International Container Terminal Services Ltd. for $39.5 million, the Ahmadabad, India-based company said in an exchange filing.

This is the first container terminal to be operated by billionaire Gautam Adani’s airports-to-power conglomerate in the African continent. It will be the third ...