British International Investment, the UK's development investment agency, welcomed DP World’s new chief executive on?Friday and said it would resume investments with the Dubai-based port operator.

A spokesperson for BII stated, "We are pleased with today's DP 'World decision and look forward to advancing our 'partnership' to develop key African trading 'ports in order to unlock the 'continent's global 'trading potential."

BII earlier this week halted all new investments with DP World due to the alleged ties between Jeffrey Epstein and former Chief Executive Sultan bin Sulayem.

La Caisse, Canada's second largest pension fund which halted new investments with DP World due to the allegations, said on Friday that it would "move swiftly" to work with Yuvraj narayan, DP World's newest CEO, to continue their partnership on port project worldwide. (Reporting and editing by William James; Sam Tabahriti)

(source: Reuters)