Five notable African logistics deals
We highlight five African logistics investments, as featured in our Dealmaker’s Log.
We highlight five African logistics investments over the past 12 months, as featured in our Dealmaker’s Log, a database of reported investment deals, exits, and fundraising milestones. Subscribe to this service here
1. Amethis backs North African logistics deal
Morocco-based express courier company Globex, part of private equity firm Amethis’s portfolio, acquired 100% of Logic Transport, a prominent player in Morocco’s transport and logistics sector.
Amethis made its initial investment in Globex in 2022. Globex operates in express courier services, freight, transit, and storage solutions in Morocco and sub-Saharan Africa (including Senegal and Cameroon), under the FedEx Express brand. Over its 20-year history, the company has become established in the express parcel shipping and logistics sector, providing delivery services to and from more than 220 countries through the FedEx global network. Read the full article
2. South African PE firm announces logistics investment
South African private equity fund manager Clearwater Capital announced the purchase of Etlin International’s temperature-controlled storage and logistics arm through a business rescue deal. This division, SnoLink Logistics, will continue to serve its existing customer base, which includes several blue chip retailers.
Under the new ownership structure, the logistics provider will maintain its workforce of 480 employees. However, there are plans to grow the company in the near future. Currently, expansion is underway nationally to increase the company’s capacity by 43%. Part of this includes building a new facility in Gqeberha, Eastern Cape, with construction due to commence in 2026. Read the full article
3. Africa50 invests in grain import terminals operator; A.P. Moller Capital exits
The Africa50 Infrastructure Acceleration Fund (Africa50 IAF) signed a share purchase agreement to acquire a significant stake in Mass Céréales al Maghreb (MCM), a key player in Morocco's grain handling and port logistics sector.
The investment in MCM was executed through a consortium partnership between the Africa50 IAF and STOA. The consortium jointly acquired the 49% shareholding previously held by A.P. Moller Capital. Holmarcom Group, MCM’s historical shareholder and a Moroccan conglomerate, retains its 51% majority stake. Read the full article
4. Gateway Partners funds Tanzania logistics company
Gateway Partners has announced a $10 million debt investment into Usangu Logistics, an African transport logistics services provider.
Through this funding, Gateway will support the growth and development of Usangu Logistics in Tanzania by providing a term loan facility to expand the company’s truck fleet. The debt investment comes from the Africa Credit Opportunities Fund, an investment vehicle backed by the Fund for Export Development in Africa, a subsidiary of Afreximbank. Read the full article
5. Nairobi-based logistics platform raises $5m, led by Speedinvest
Leta, a Nairobi-based company that has built a supply chain and logistics operating system, raised $5 million in seed funding, led by Speedinvest with participation from Google’s Africa Investment Fund and Equator.
Founded by Nick Joshi, Kip Maritim and Anthony Ketter, Leta optimises delivery routes, provides real-time tracking, and cuts transport costs for businesses in Africa. Read the full article
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