ARCH Cold Chain Solutions Fund opens flagship cold storage facility in Kenya
ARCH Cold Chain Solutions Fund opens flagship cold storage facility in Kenya
The ARCH Cold Chain Solutions Fund has opened the doors to its flagship cold storage facility in Tatu City Special Economic Zone, Nairobi, Kenya.
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The ARCH Cold Chain Solutions Fund has opened the doors to its flagship cold storage facility in Tatu City Special Economic Zone (SEZ), Nairobi, Kenya. The facility consists of a temperature-controlled facility as well as a fleet of vehicles for the storage and distribution of perishable food products and pharmaceuticals.
The ARCH Cold Chain Solutions Fund received funding from a range of financial institutions, including the European Investment Bank (EIB), which contributed $15 million of the total funding of $81 million raised.
The fund’s flagship facility in Kenya intends to provide cold storage and temperature-controlled solutions to customers in horticulture, meat, poultry, and seafood, as well as food manufacturing, supermarkets, quick-service restaurants/ hotels, and pharmaceuticals.
Fredd Kambo, the managing director and co-head of ARCH Cold Chain Solutions East Africa Fund remarked, “Our objective is to create a meaningful impact on food safety at all stages of distribution and mitigate food loss. Our strategic expansion plan encompasses Mombasa, Kigali, Dar es Salaam, Addis Ababa and Kampala. We take pride in our noteworthy accomplishments, particularly in upholding stringent standards of quality and environmental, social and governance principles. We firmly believe that achieving the highest possible standards is imperative for our facilities.”
ARCH Cold Chain Solutions is focusing on developing and operating large-scale energy efficient cold chain solutions with a logistics and distribution network to support the whole Eastern and Central African region. It has set its sights on expanding into Mombasa (Kenya), Kigali (Rwanda), Dar es Salaam (Tanzania), Kampala (Uganda), and Addis Ababa (Ethiopia). The aim is to reach a combined capacity of 100,000 tonnes in cold storage space.
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