A leading Kenyan warehouse and logistics service provider Cold Solutions, says it’s going to invest USD 70 million to construct the most important cold chain facility in East Africa to address challenges that face transportation of perishable items.
Cold Solution’s 15,000 sqm flagship facility in Tatu City Special Economic Zone in Nairobi would be the largest, most advanced and efficient within the region. The cold chain facility is flexibly designed to cater for quite a few temperature ranges from +26 to -40 C and a quantity of product ranges, from fresh fruit and vegetables, to prescribed drugs and vaccines, meats and poultry, and frozen foods.
Cold Solutions Kenya is a portfolio firm of ARCH Cold Chain Solutions East Africa Fund, a private equity fund advised by ARCH Emerging Markets Partners Limited (ARCH).
“Cold Solutions’ one-stop-shops are designed to permit businesses to keep track of merchandise in real-time and facilitate transportation across East Africa via temperature-controlled trucks, both inside the internal metropolis or to long-haul destinations,” stated Jared Irving, Managing Director, ARCH.
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The United Nations’ Food and Agriculture Organization estimates that over 40% of food in Sub-Saharan Africa perishes before it reaches a client. This can be as excessive as 60% for recent produce in Sub-Saharan Africa.
Chris Barron, Kenya Country Head for Rendeavour, Tatu City’s proprietor and developer, says, “We are delighted to welcome Cold Solutions’ transformational chilly storage complex to Tatu Industrial Park, which is house to more than 50 Kenyan, East African and multi-national businesses building best-in-class services in Kenya’s first operational Special Economic Zone.”
Tatu City is a 5,000-acre, mixed-use growth with houses, colleges, workplaces, a purchasing district, medical clinics, nature areas, a sport and entertainment complex, and manufacturing space for greater than 150,000 residents and tens of thousands of day visitors. Schools and companies are already open at Tatu City, and a variety of homes suits all incomes. Anonymous represents a model new way of life and considering for all Kenyans, creating a unique live, work and play environment that is free from site visitors congestion and long-distance commuting.
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