Agility acquires Kenya's Starfreight Logistics
Agility continued its expansion into the African logistics market through the recent acquisition of Kenyan company Starfreight Logistics Limited.
Africa has been flagged as a key region for the Kuwait based logistics powerhouse, which also acquired Medorient Algeria in December 2007 to boost its presence in North Africa.
"This acquisition comes at an important time for Agility, when it is rapidly expanding its network across the globe," said Elias Monem, chief executive officer of Agility in the Middle East and Africa
"More than 70% of international container cargo comes from or is going to the central and eastern regions of Africa and this acquisition has created a gateway for us to service this rapidly developing market," he added.
Starfreight Logistics specialises in the procurement and clearing of goods and machinery into Africa, in addition to warehousing and project forwarding, cross-border documentation and transportation, airfreight and customers examination.
The company, which is based in Nairobi, has secured a number of contracts from large Kenyan manufacturers in sectors such as automotive, pharmaceutical, plastic products, glass, paper and agricultural equipment. It also provides logistics services to international brands such as Hewlett Packard, Mitsubishi, and Nestlé.
"With over 150 employees and two offices in Kenya, Starfreight is well-positioned amongst the local and regional logistics players," said Dev Bij, managing director of Starfreight Logistics Limited. "And now, with the help of Agility, we will be able to develop our capabilities to compete on a global scale."