Transport & Logistics

Visa openness in Africa unlocking intra-regional trade and investments potential, report shows

November 12, 2019

AFRICA – African travellers now have liberal access to over half the continent, the 2019 Africa Visa Openness Index published by the African Union Commission and African Development Bank, reveals. The report was launched on the sidelines of the Africa Investment Forum in Johannesburg, South Africa. On average, Africans can travel to approximately 27 countries […]

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Taxi hailing service launches US$11.03m Environmental Impact Fund

November 12, 2019

KENYA – Bolt (Formerly Taxify), Taxi hailing service, has launched a dedicated environmental impact fund with seed capital of €10 million (US$11.03m) aimed at initiatives which deliver global social and environmental benefits. According to Techweez, Bolt’s environmental impact fund forms part of the company’s wider environmental strategy known as ‘the Green Plan’ which focuses on […]

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Liquidation of Thomas Cook’s assets on high gear as EasyJet, Jet2.com buy slots in UK airports

November 12, 2019

UNITED KINGDOM – British budget airlines easyJet and Jet2.com have bought the take-off and landing slots of failed travel company Thomas Cook at London Gatwick and Manchester airports, respectively. Thomas Cook’s UK business and airline went into immediate insolvency when the company collapsed in September, and a court appointed an official receiver to liquidate its […]

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Alibaba partners with Russia’s Pochta to launch first direct China-Russia cargo flights to cut delivery times

November 10, 2019

RUSSIA – Alibaba Group’s logistics operator, Cainiao and Russia’s Pochta postal service have launched their first direct China-Russia cargo flights to deliver AliExpress goods purchased online by Russians, AliExpress Russia has revealed. The move, which AliExpress Russia hopes will help it cut the time it takes to deliver orders from China to Russia to 10 […]

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African logistics platform Lori closes US$30m Series A round funding

November 8, 2019

KENYA – Lori Systems, an African logistics platform that connects cargo owners with truck fleets, has secured nearly US$30 million in a Series A round of financing led by Chinese investors Hillhouse Capital Group and Crystal Stream Capital. Apoletto Asia, the investment vehicle of DST Global’s Russian billionaire founder Yuri Milner, seed stage-focused venture capital […]

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GM offloads idle Ohio assembly plant, new owners to convert facility to electric car manufacturing hub

November 8, 2019

UNITED STATES – General Motors Co has confirmed that it has sold its shuttered Lordstown Assembly plant in Ohio to Lordstown Motors Corp, a start-up that has an ambitious plan to begin building electric pickup trucks by the end of 2020. General Motors revealed its plan to stop operations at the Ohio facility in November […]

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Ola Energy launches O’ptimium in its growth and rebrand plans

November 8, 2019

KENYA – Oil marketer OLA Energy, formerly known as OiLibya, has launched fuel formulation as part of its growth and rebrands strategy. The new fuel is now available in Nairobi, Mt. Kenya and Mombasa fuel stations. It will be available across the entire network by end of November 2019. Dubbed O’ptimium, the fuel is made […]

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South Africa launches new automotive hub at the Ford Motor’s facility in Pretoria

November 7, 2019

SOUTH AFRICA – President Cyril Ramaphosa, Gauteng Premier David Makhura and Minister of the Department of Trade and Industry Ebrahim Patel broke ground in honour of the launch of the Tshwane Automotive Hub at the Ford Motor Company in Silverton, Pretoria. Ford is the anchor tenant of the new hub, which hopes to create in […]

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Air France to resume flights to Liberia after a 5-year snub

November 6, 2019

LIBERIA – French Flag carrier, Air France has announced plans to resume flights to Liberia, five years after it took a decision to a decision to end its biweekly flights. Transport Minister Sam Wlue revealed the French carrier’s intention noting that after months of negotiations the airline had notified the Liberian government of its intention […]

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Ride hailing service Little Cab expands to coastal Kenya with low cost rides

November 6, 2019

KENYA – Ride-hailing company Little Cab, has launched its Boda Boda product in the coastal city of Mombasa, reports The Star. Little’s clients can now enjoy a safe, convenient and affordable way of moving in and around Mombasa without the hustle of being stuck in the daily unending traffic congestion. Little Boda was first launched […]

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