Kuwait-listed logistics firm Agility plans to invest up to US$100 million on expanding its business in Africa, particularly in oil-producing states including Angola, Nigeria, Mozambique and Ghana, a senior executive said last week.

“We are committed to growing our business in various markets and investments,” said Essa Al Saleh, chief executive of Agility’s logistics unit Global Integrated Logistics, told reporters at a media event in Dubai. “Africa is a growing market and it is one of our last frontiers. We see a lot of opportunities in terms of oil and gas.” Most of the investments made this year will be for organic growth rather than acquisitions, he added.