Saturday, September 30, 2023
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
TechBooky Africa
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
  • Fintech/Finance
  • Contact
  • Login
No Result
View All Result
TechBooky Africa
Home East Africa

Kenya’s Sendy Acquires Significant Stake In Logistics Startup Kamtar

Raymond Egbadu by Raymond Egbadu
October 6, 2021
in East Africa, Startup
0

Kenyan logistics tech company, Sendy has acquired a significant stake in West African logistics startup, Kamtar, through a collaboration with Toyota Tsusho Corporation, Mobility 54 Investment SAS, and the corporate venture capital arm of CFAO.

Related posts

PayDay

PayDay Potential Sale Stirs Reactions Based On The Recently Acquired $3M Investment Equity. 

September 22, 2023
Fixit45

The $1.9M Pre-Seed Equity Bankrolls Fixit45’s “…advancement towards expansion objectives” — Pankaj Bohhra. 

September 21, 2023

This new development is expected to increase the growth and development of Sendy in the West African market sphere. Founded in 2018, Kamtar is a large logistics company that is popular among the French-Speaking West African nations.

The acquisition of a major stake in the startup by Sendy is considered a strategic approach by the company to expand its visibility in the West African market. During the recent funding round, Sendy collaborated with other tech companies to acquire major stakes in Kamtar, a report said.

The East African company — Sendy — believes its acquisition of Kamtar is an opportunity to explore West African markets. The company will rely on efficient planning and a strategic approach in its bid to explore the supply chain and logistics sector of the West African market.

Sendy says it will utilize modern technology, professionalism and a wide variety of services to improve Kamtar’s developments in Senegal and the Ivory Coast — two French-speaking countries it currently offers logistics services. Sendy believes that the logistics startup will begin to provide services to other French-speaking West African countries by 2022.

Founder and Chief Executive Officer of Sendy, Mesh Alloys said in a statement:

“This well-thought-out investment will enable us realise the long-term objectives of our company, which is extending our business to the West African markets and assisting our customers who wish to enter the West African market as well. With Kamtar, we share the same goals and objectives, which will make it easier for us to do business across Africa. We are also anticipating the collaboration with Kamtar on product development and solving tech-related problems for customers across African nations.”

In the last couple of months, there have been a great deal of partnerships between African tech startups with the aim of expanding their services.

According to operational statistics, Kamtar has over five thousand drivers carrying out its logistics operations. The company offers logistics services that link SMEs and corporate organisations, enabling the relative ease of deliveries within the regions it operates.

“We are very happy to have formed a partnership with Sendy Limited. We anticipate the resulting collaborations that will occur between our company and Sendy in the African market space,” Arthur Thuet, Kamtar’s President disclosed in a statement.

“Our objective is to merge the best of both firms to become the largest freight and logistics company in the French-speaking African countries,” he added.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0
Tags: east africakenyasendystartup
Previous Post

Ride-hailing Platform, Bolt Launches Food Delivery Services In Nigeria

Next Post

Google Announces $1 Billion Investment Plans For Digital Transformation In Africa

Next Post
Google Announces $1 Billion Investment Plans For Digital Transformation In Africa

Google Announces $1 Billion Investment Plans For Digital Transformation In Africa

RECOMMENDED NEWS

Twitter

Five Significant Changes Elon Musk Has Impacted on Twitter.

5 months ago
MTN Supports the Ukraine-Russia Dispute With International Calls and SMS.

MTN Supports the Ukraine-Russia Dispute With International Calls and SMS.

2 years ago
Play Store

Lori Systems Secured an Undisclosed Amount of Investment from Google.

1 year ago
Yellow Africa

Yellow Africa Reports Additional Business Capital To Bankroll Operations In Existing Markets.

3 months ago

FOLLOW US

  • 70.9k Followers

BROWSE BY CATEGORIES

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa

BROWSE BY TOPICS

5g acquisition africa AI app CBDC cbn central bank of nigeria ChatGPT cloud cryptocurrency Crypto market cybersecurity e-commerce east africa economy fintech Flutterwave funding Fundraising google government internet investment kenya License microsoft mtn ncc nigeria Partnership ride hailing rwanda seed social media software south africa startup Start up streaming technology telecom twitter west africa whatsapp

Featured Categories

App
35 Posts
View Posts
Banking
18 Posts
View Posts
Business
15 Posts
View Posts
Cryptocurrency
41 Posts
View Posts
Cybersecurity
21 Posts
View Posts
East Africa
41 Posts
View Posts
Economy
18 Posts
View Posts
Enterprise
38 Posts
View Posts
Event
12 Posts
View Posts
Fintech/Finance
127 Posts
View Posts
Funding
41 Posts
View Posts
Gadget
16 Posts
View Posts
Government
83 Posts
View Posts
Insight
8 Posts
View Posts
Internet
25 Posts
View Posts
Investment
21 Posts
View Posts
Nigerian/African Tech
47 Posts
View Posts
North Africa
4 Posts
View Posts
Personnel
2 Posts
View Posts
Research/How to do it
6 Posts
View Posts
Service
37 Posts
View Posts
Social Media
39 Posts
View Posts
Southern Africa
25 Posts
View Posts
Startup
111 Posts
View Posts
Telecom
53 Posts
View Posts
Transport
21 Posts
View Posts
Uncategorized
2 Posts
View Posts
West Africa
58 Posts
View Posts
No Result
View All Result
Loading
  • PayDay
    PayDay Potential Sale Stirs Reactions Based On The Recently Acquired $3M Investment Equity. 
    • September 22, 2023
  • Fixit45
    The $1.9M Pre-Seed Equity Bankrolls Fixit45’s “…advancement towards expansion objectives” — Pankaj Bohhra. 
    • September 21, 2023
  • Android Smartwatch
    The Best Android Smartwatches of 2023. 
    • September 13, 2023
  • BAK
    “Crypto vs. Taxes” — The Blockchain Association of Kenya Takes on the Government.
    • September 2, 2023
  • Chargel
    Chargel Is A Catalyst for Transformation in Cote d’Ivoire’s Energy Landscape.
    • September 2, 2023
TechBooky Africa

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc.

Follow us on social media:

Recent News

  • PayDay Potential Sale Stirs Reactions Based On The Recently Acquired $3M Investment Equity. 
  • The $1.9M Pre-Seed Equity Bankrolls Fixit45’s “…advancement towards expansion objectives” — Pankaj Bohhra. 
  • The Best Android Smartwatches of 2023. 

Category

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa
  • Home
  • TechBooky
  • Business
  • Video
  • Contact

© 2022 Techbooky Africa .

No Result
View All Result
  • Home
  • TechBooky
  • Business
  • TV
  • Startup

© 2022 Techbooky Africa .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In