A leading Kenyan warehouse and logistics service provider Cold Solutions, says it’ll make investments USD 70 million to assemble the biggest chilly chain facility in East Africa to deal with challenges that face transportation of perishable items.
Cold Solution’s 15,000 sqm flagship facility in Tatu City Special Economic Zone in Nairobi will be the largest, most advanced and environment friendly in the region. The cold chain facility is flexibly designed to cater for numerous temperature ranges from +26 to -40 C and multiple product ranges, from recent fruit and greens, to prescribed drugs and vaccines, meats and poultry, and frozen meals.
Cold Solutions Kenya is a portfolio firm of ARCH Cold Chain Solutions East Africa Fund, a personal equity fund suggested by ARCH Emerging Markets Partners Limited (ARCH).
“Cold Solutions’ one-stop-shops are designed to permit companies to keep track of products in real-time and facilitate transportation across East Africa by way of temperature-controlled vehicles, both within the inside metropolis or to long-haul locations,” said 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 earlier than it reaches a shopper. This may be as excessive as 60% for contemporary produce in Sub-Saharan Africa.
Chris Barron, Kenya Country Head for Rendeavour, Tatu City’s owner and developer, says, “We are delighted to welcome Cold Solutions’ transformational chilly storage complicated to Tatu Industrial Park, which is home to more than 50 Kenyan, East African and multi-national companies building best-in-class services in Kenya’s first operational Special Economic Zone.”
Tatu City is a 5,000-acre, mixed-use growth with properties, colleges, workplaces, a shopping district, medical clinics, nature areas, a sport and leisure complex, and manufacturing space for more than a hundred and fifty,000 residents and tens of hundreds of day guests. Schools and businesses are already open at Tatu City, and a range of properties suits all incomes. Tatu City represents a brand new way of living and thinking for all Kenyans, creating a unique stay, work and play setting that’s free from site visitors congestion and long-distance commuting.
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