Imperial Logistics in talks to buy Mozambique transport firm J&J Africa ahead of its own takeover by DP World

MOZAMBIQUE – Imperial Logistics is planning to acquire transportation firm J&J Africa ahead of its own takeover by Dubai giant logistics giant DP World. The South Africa-based company is holding talks to buy the business from its private equity owners, it said in a press statement that confirmed an earlier Bloomberg News report. There is no certainty that any agreement will be struck, Imperial said. A deal, if completed, could value J&J at US$350 million to US$400 million, according to people familiar with the matter. J&J provides transport and logistics services…

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Tech startup Ekeneze Technologies launches Inyinya Delivery App

NIGERIA – Ekeneze Technologies Limited, a technology start-up, has announced the launch of its first instant delivery services aggregation technology, Inyinya Delivery App, in Lagos State, reports This Day Live. Ekeneze Technologies is a technology start-up founded by Nigerian diaspora technology professionals in the UK, and also registered in Nigeria. According to the compay’s Managing Director/Chief Executive, the app is a mobile phone platform which will enable users of instant delivery services to be able to hail bicycle, motorcycle, car and van delivery riders and drivers at comfort and affordably…

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Ethiopian Airlines, Liege Airport extend long-standing partnership

ETHIOPIA – Ethiopian Airlines Cargo and Logistics Services and Liege Airport have announced the renewal of their long-standing partnership agreement until 2026. Liege Airport, Belgium’s largest cargo airport and the 6th largest cargo airport in Europe, will continue to be Ethiopian Airlines cargo hub serving as a freighter gateway between Africa and Europe for the next five years. Ethiopian Airlines Cargo and Logistics Services, Africa’s largest cargo network operator, has been working with Liege airport for its freighter operations between Africa and Europe. Ethiopian Airlines Cargo and Logistics Services Acting…

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Logistic platform Saloodo! Launches road freight service between Middle East and Africa

AFRICA – Saloodo!, a digital road freight platform, has announced the launch of BeduConnect, a road freight service between Middle East and Africa. BeduConnect was set up to connect countries of the Arabian Peninsula (Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain and Oman) with North African (Egypt, Libya and Sudan) trading partners due to capacities in both air freight and ocean freight being currently tight. Saloodo! Saloodo! is the first digital marketplace to offer road freight connection between the Arabian Peninsula and North Africa, which is faster than…

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Food delivery platform Elmenus raises US$10m pre-Series C funding for its expansion plans

EGYPT – Elmenus, the Cairo-based food discovery, ordering, and delivery platform, has announced that it raised US$10 million in pre-Series C funding round lead by Egyptian payments firm Fawry. New York-based hedge fund Luxor Capital, and Egyptian property developer Marakez, also participated in the deal. Luxor has previously backed companies like Zomato, Glovo, and Gopuff. Elmenus is their first investment in the Middle East. Elmenus aims to use the funds to expand to more cities in Egypt and personalize the ordering and delivery experience for its customers. A part of…

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DP World makes an audacious US$1.2b bid to acquire 100% stake in Imperial Logistics

SOUTH AFRICA – Imperial Logistics has announced that it has entered into a transaction implementation agreement regarding a cash offer of ZAR66 (US$4.6) per share from DP World to acquire all outstanding shares of Imperial, implying an estimated aggregate cash consideration of ZAR 12.7 billion (US$891 million). This offer represents a premium of 39.5 percent to the Imperial share price as of July 7, 2021, and a 34.2 percent premium to the 30-day volume-weighted average price of Imperial. “DP World is interested in acquiring Imperial and all its businesses to…

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Logistics firm Sendy pilots electric vehicle fleet to promote clean transportation in Nairobi

KENYA – Sendy Ltd, an on-demand logistics company is piloting its first electric vehicle fleets to help address clean transportation in Nairobi. The Nairobi-based company has partnered with electric vehicle provider ARC Ride to deploy 3-wheeler (3W) electric vehicles, also known as E3’s, for the last-mile delivery solution, and reduce carbon footprint. Under an agreement between the parties, four E3’s (e-tuk tuks) will be procured for the 2-month pilot project duration and Sendy will seek to acquire more by the end of this year – coming at a time when…

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IFC, Kobo360 identifies global innovators to pilot sustainable cooling innovations in Nigeria

NIGERIA – IFC in partnership with Kobo360, an African digital logistics platform, have selected eleven global innovators to take part in the recently launched TechEmerge Temperature-Controlled Logistics Nigeria program. Under the program, the selected participant will partner with 15 leading Nigerian companies, to pilot cost-effective and climate-smart technologies to strengthen the country’s temperature-controlled logistics supply chain. The sustainable cooling innovation program is funded by the UK Government’s International Climate Finance and offers a total pool of US$1 million in grant funding to support field-testing over the next 12-18 months. The…

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Bolt Food South Africa expands into Johannesburg as it guns for rivals

SOUTH AFRICA – Bolt Food South Africa, the food delivery arm of ride-hailing firm Bolt, is eyeing expansion into Johannesburg as it readies to take on main competitors Uber Eats and Mr D Food. The food delivery app, which launched in Cape Town during the onset of the COVID-19 lockdown in 2020, says it has experienced 50% month-on-month growth in the past three months and is betting on competitive prices, as it eyes nationwide expansion. The lockdown resulted in online shopping reaching a tipping point in 2020, growing by 66%…

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Delivery startup Picup introduces new model for branded deliveries

SOUTH AFRICA – Picup, innovative last mile delivery company has introduced a unique concept where its drivers become the face of any specific brand. Picup has become a model for innovation in the courier and logistics space and is consistently predicting niches in the market and developing its software and driver framework to accommodate growing needs. Until now, companies that are fully e-commerce have almost no face-to-face interaction with their customers. However, Picup is changing this by introducing its premium driver network for businesses. Picup Plus is a premium service…

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