Business

DVN Limited Announces Appointment of Erik Prince as Chairman

An interesting alignment that will be worth watching in the region. It would appear China is looking to leverage Mr. Prince’s Blackwater experience in support of their Africa endeavors.

“Over the past five years, China has become the principal foreign investor in sub-Saharan Africa and is expected to contribute at least an additional one trillion US dollars in capital to economic development of the continent during the coming decade,” Mr. Ko explained, “hence the demand for ‘secure logistics’ in Africa can only increase and offers superb business prospects.”

“Mr. Prince for his part expressed his gratitude for the appointment and his determination to build DVN, now Frontier Services Group, into a prime global secure logistics firm. ‘Opportunities in Africa abound. The need for socially responsible economic development in Africa in a secure environment is paramount. My new role as chairman of a Hong Kong listed company will allow me to pursue my vision for Africa and globally in a transparent manner and with the most respected partners.'”

Source: DVN (Holdings) Limited Announces Appointment of Erik Prince as Chairman

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