Delivery platform ShapShap secures investment from GreenTec Capital

NIGERIA – ShapShap, a delivery platform that specializes in deliveries in Africa’s fragmented logistics industry, has received an undisclosed investment sum from GreenTec Capital Partners, an Africa-focused venture capital firm. ShapShap is currently providing last-mile deliveries in Abuja and Lagos, Nigeria, using an all-in-one platform that connects customers, drivers, and merchants. GreenTec will help ShapShap through the VC’s Venture Building concept under the terms of the agreement. The startup’s significant traction drew GreenTec’s attention. More than 30,000 orders have been processed for more than 4,000 consumers on ShapShap platform, and…

Read More

Tech-logistics startup Sendy launches a digital platform for online sellers in Kenya

KENYA -Sendy, a Kenyan tech-logistics startup, has set up a digital-enabled platform that relieves online sellers of logistics difficulties and their associated costs, reports KenyanWallstreet. The state-of-the-art Fulfilment Centre with multiple picking locations across Nairobi will serve as Sendy’s nerve center. This e-commerce platform is aimed at retailers that do not have storage or delivery systems, and it will pick, pack, and ship orders to customers for a fee of 13% of the product’s selling price. The price also includes picking up the shipment from the vendor’s location, three shipping…

Read More

Logistics-tech company T40 secures investment from VC firm GreenTec Capital

NIGERIA – Berlin-based venture capital firm GreenTec Capital Partners has invested an undisclosed amount in Nigerian intercity transport- and logistics-tech company T40 that is building solutions to assist mobility service providers in providing better service to their clients and increasing income. T40 has developed solutions designed to help mobility vendors attract and retain customers with the company’s point-of-sale consoles and logistics platform. It also offers entertainment centres that can be personalized to improve ride quality and provide an additional marketing channel. “With our digitized products, transport companies can achieve more…

Read More

Imperial Logistics acquires 24% stake in Africa-focused online portal FIGJAM

AFRICA – Imperial, the African-focused integrated market access and logistics solutions group, has taken a 24 percent stake from November 1, 2021, in FIGJAM, a sales force automation solution provider in Africa.  FIGJAM was founded in 2013 to create an online portal through which businesses can actively manage field operations by focusing on and building technology to reach the geographically fragmented markets more easily in Africa. “Our investment in FIGJAM is in line with Imperial’s mobile commerce digital initiative and will provide our Market Access business, which has a footprint…

Read More

Maersk and Grindrod in joint venture to offer end-to-end logistics in South Africa

SOUTH AFRICA – Danish shipping company A. P. Moller – Maersk has announced its intention to form a joint venture with Grindrod Group in order to enhance its capabilities as an integrated logistics player in South Africa. “Through this proposed joint venture, the logistics activities of Grindrod Intermodal business and the ocean activities of Ocean Africa Container Lines (OACL) will complement Maersk’s current ocean capabilities and logistics & services, enabling customers seamless access to a wider range of end-to-end supply chain solutions,” read the press release. Maersk will have a…

Read More

Kibo Capital divests its stake in logistics and distribution company General Cargo Group

KENYA – Kibo Capital Partners, a private equity management company, has sold its interest in the Kenyan logistics and distribution company, General Cargo Group (GCG), to logistic company Velogic. The Kibo shares were sold to Velogic, the logistics subsidiary of the Mauritius services and investment group Rogers Group. Velogic was also the majority shareholder of General Cargo Group. The divestment marks the second exit of Kibo’s sophomore fund Kibo II. Financial details of the transaction were not disclosed. Kibo first backed GCG in 2016 when the company was a Mombasa-based…

Read More

AD Ports signs MoU with Egypt for new terminal in Safaga Port

EGYPT – AD Ports Group has signed a Memorandum of Understanding (MoU) with the Egyptian Group for Multipurpose Terminals, the commercial arm of the Egyptian ministry of transportation, for the development and operation of a multipurpose terminal in Safaga Port. Under the MoU, AD Ports Group will explore investment opportunities and conduct feasibility and local market studies related to developing and operating a multipurpose terminal in Safaga Port, with both parties benefitting from the exchange of expertise and best practices. The MoU aims to support the growth of the Middle…

Read More

20 minutes delivery startup Rabbit closes US$11m pre-seed funding

EGYPT – Rabbit, a clean-tech transportation company, has announced that they have closed a new round of pre-seed funding of US$11 million, a record high for the Middle East & Africa regions. The round saw participation from the international investor base include Global Founders Capital, Foundation Ventures, Raed Ventures, MSA Capital, and Goodwater Capital. Ahmad Yousry, Walid Shabana, Ismail Hafez, and Tarek El Geresy founded Rabbit this year and it took them just 130 days to get from ideation to first order. “Consumer expectations have evolved significantly over the past…

Read More

Dubai-based logistics firm DP World launches its e-commerce site in Kenya

KENYA – DP World, the Dubai-based multinational logistics company, has announced the launch of its global wholesale e-commerce platform DUBUY.com in Kenya, bringing a new digital trade corridor for Kenya and the East African region. This expansion follows DUBUY.com’s successful launch in Rwanda earlier this year, where the platform has become a major gateway for trade in the East African region. The entrance to Kenya, according to the company, is aimed at fostering a secure and reliable way for organizations to develop, expand and crucially, improve supply chain connectivity and…

Read More

Logistics startup Errand360 raises pre-seed funding round for its expansion plans

NIGERIA – Errand360, a logistics startup which was built to serve users with demand for quick and short errands within their communities and on-demand delivery services, has raised an undisclosed amount of pre-seed funding to expand across Africa. The funding, which was led by Prof Ndubuisi Ekekwe of Tekedia Capital, will be used to acquire infrastructure, expand, and grow its business across the whole of Africa. Launched earlier this year, Errand360 bicycles serve users with a variety of delivery services, with the first phase of rollout beginning in Lagos and…

Read More