Logistic startup Kamtar secures equity investment from Sendy and Toyota

WEST AFRICA – Kamtar, a Francophone logistics platform, has secured an equity investment form Kenyan tech-logistics startup Sendy and Toyota Tsusho Corporation Other investors in the round include Mobility 54 Investment SAS and CFAO’s corporate venture capital arm. Kamtar currently operates in Cote d’Ivoire and Senegal, and targets to expand to other French-speaking West African countries by the end of 2022. The strategic investment will enable Sendy to expand its footprint beyond its current operations in Eastern Africa. Kamtar is a digital logistics startup with 5,000 drivers on its network…

Read More

Sterling Bank partners aviation and cargo conference to improve business through airports

NIGERIA – Sterling Bank has announced partnership with the first aviation and cargo conference to help grow export and cargo business through the airports. The bank said it is reinforcing its emerging position as the biggest supporter of transport and travel business in Nigeria, as clearing agents at the Murtala Muhammed International Airport, Lagos have confirmed that Nigeria imports tonnes of cargo by air everyday but exports very little and many freighters that arrive Nigerian airports fully laden with goods depart from the country empty. To address this problem the…

Read More

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.…

Read More

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…

Read More

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…

Read More

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…

Read More