Kenya’s Twiga Foods raised $30 million from lenders and investors led by Goldman Sachs in a Series B round. The funds will allow the B2B food distribution company to expand in Nairobi with a distribution centre. According to Crunchbase, Twiga’s Series B is the biggest financing round raised by a Nairobi-based company in 2019, and the third-largest round of all time for the city.
Pan-African e-logistics company, Lori, will expand to Nigeria, almost a year after completing a successful pilot in Nigeria with some top cargo companies including Olam, Honeywell Flour Mills, and Flour Mills Nigeria. The ‘Uber of trucks’ acts as a matchmaker between truckers and companies that want to move cargo. While Lori has never made its financing public, it is said to have raised more than $20 million from Asia-based Hillhouse Capital, Africa-focused venture capital fund EchoVC, and members of the Cargill family, owners of the US agricultural commodities group which uses its services.
Kobo360, a Nigerian digital logistics platform backed by the International Finance Corporation, recently secured a $30 million Series A funding from US investment bank, Goldman Sachs, TLCom Capital, YCombinator and some Nigerian banks. The funding will be used to scale operations, accelerate supply growth and develop the technology offering on the platform.
Bwala Africa, a Nairobi-based last-mile logistics startup has secured a deal with an undisclosed European tech firm to develop a new tech platform for the startup. The deal is valued at $8,00,000. The deal comes as Bwala Africa opens its Series A round to investors. The startup aims to raise between $5 million and $8 million and is in talks with various venture capital companies and private equity firms.
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Mauritius - A Future Hub For East & South Africa
Air Mauritius turned 50 in 2017, and is going strong in the troubled African aviation sector. As 2019 records a memorable year for the flag carrier of Mauritius, from adding new fleet to hosting the 51st AFRAA AGA, the airline is in a bid to position the country as a hub for Asia- Africa trade, Shalini Nair reports.
History Is Playing It Differently For Africa
Drones are the future of African e-commerce, but not in the near future. E-commerce players want necessary regulations and economically viable technology ready, Libin Chacko Kurian reports.
Spring In The Step For Africa's E-Logistics Startups
A steady flow of big-ticket investments is ensuring the wave of digitisation in Africa is more than a passing one. Logistics startups riding high on the back of technological support are building solutions to identify and bridge gaps in the supply chain. The challenges for these startups go beyond mere lack of infrastructure, and the inflow of capital is making sure their eyes are on the goal of making logistics accessible, Blessy Chettiar reports.
Fedex Picks Or Tambo Airport For Its Maiden Cargo Flight In Africa
Setting its goal to boost air cargo volumes, OR Tambo International Airport, Johannesburg has welcomed FedEx to operate its dedicated cargo flight B777 weekly.
Closer Collaboration Better Infrastructure Smarter Technology - A Must For A Sustainable Future
Sustainability and need for collaboration dominated the narrative of the latest editions of the Flower & Perishable Logistics Africa conferences in Nairobi, Kenya. Speakers and attendees deliberated on importance of infrastructure development, exploring new markets, and looking beyond the traditional avenues.
African Air Cargo Market Bucks Global Trend
Ongoing trade tensions between the US and China has taken a toll on global air cargo growth, but the only sector that has seen a silver lining during these troubled times is the perishable or special cargo space. It is no surprise then that the African air cargo market, which accounts for a majority of perishables exports, has been bucking the trend. The continent is also on the cusp of a digital transformation and is making major strides in infrastructural growth and liberalisation, which is set to take the African air freight sector to greater heights, Surya Kannoth reports.
Top Global Megatrends Driving Sustainable Logistics
The logistics industry world over is going through rapid transformation that we have seen never before. Crystal Lassiter writes on top five global megatrends driving sustainable logistics.
Time Is Ripe For APIs In Logistics Supply Chain
Adopting technologies like APIs has become crucial for supply chain management stakeholders to be able to offer quick quotes, compare rates, make bookings, track and deliver value to their customers, Blessy Chettiar reports.
The Future Looks Bright, Exciting, Digital And Sustainable
Our world is constantly undergoing change. Take a look around – technology is transforming the way we live, do business, transact and interact. Just like any other industry, the logistics space is also facing a new era of unprecedented change as digitalisation and customer expectations evolve simultaneously. From connected warehouses to autonomous last-mile delivery services, new technologies are enabling efficiency optimisations and new operating models. And while the push towards digitalisation continues, what remains equally critical is the need to remain sustainable. By understanding how sustainability in logistics measures impact production and benefit companies, shippers and logistics players can work towards a better, sustainable tomorrow.
Bringing Artificial Intelligence Into The Supply Chain Who And How?
Zuzanna Kosowska-Stamirowska writes how data acquisition and algorithm design need to be defined - or redefined - for the existing market players to make the AI revolution work.
