Logistic company Cainiao Network launches its first air cargo route between China and Africa

AFRICA – Cainiao Network, the logistics arm of Alibaba Group, has announced the launch of its first air cargo route between China and Africa aiming for booming demand for Chinese products and close bilateral tie between the two countries. Operating over six times weekly, the air freight service will ship parcels from Hong Kong to Lagos, Nigeria’s commercial center. Cainiao says the delivery time will take 20 days from China to Africa, which shows an improvement from the previous time of 60 days, which included transit into the Middle East.…

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Logistic startup Jetstream closes US$3m funding round lead by Alitheia IDF

GHANA – Jetstream, a logistics startup, has announced that it has closed a funding round of US$3 million with participation from Alitheia IDF, Golden Palm Investments, 4DX Ventures, Lightspeed Venture Partners, Asia Pacific Land, Breyer Labs, and MSA Capital. Jetstream is a tech-enabled logistics company that was founded by Miishe Addy and Solomon Torgbor in 2018 after observing the many challenges that companies faced at the ports with cargoes. Torgbor’s past work experience with Maersk freight forwarding company had exposed him to cargoes waiting for weeks because of errors in…

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Delivery startup Kwik Delivery launches Prestashop Plugin to ease logistics hassles

NIGERIA – Kwik Delivery, a logistics delivery startup, has announces the launching of its Prestashop Plugin which makes it the most integrated delivery platform with e-commerce frameworks in Africa. The plugin allows buyers to get real-time shipping rates between merchants’ addresses and the buyers’ delivery addresses.   This new plugin is a milestone as Kwik Delivery is now fully integrated with the “Big Four” of e-commerce frameworks: Magento, WooCommerce, Shopify and now Prestashop. Delivery plugins are a critical technology brick in the growth of African e-commerce by allowing thousands of…

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Logistic startup Sprint secures pre-seed funding, to expand into the MENA region

EGYPT – Sprint, Egyptian logistics startup, is set to expand to the Gulf Cooperation Council (GCC) and other countries in the MENA region after signing up almost 500 merchant customers at home. Sprint raised a six-figure US dollar pre-seed funding round from an angel investor in December of last year and will take on more capital as it looks to expand from product perspective as well as a geographic one. Founded by Mohamed Deif in 2019, the Cairo-based Sprint offers last mile delivery solutions to e-commerce merchants, with a focus…

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