A main Kenyan warehouse and logistics service supplier Cold Solutions, says it will invest USD 70 million to assemble the biggest 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 will be the largest, most advanced and environment friendly within the area. The chilly chain facility is flexibly designed to cater for quite a few temperature ranges from +26 to -40 C and multiple product ranges, from recent fruit and vegetables, to pharmaceuticals and vaccines, meats and poultry, and frozen meals.
Cold Solutions Kenya is a portfolio company 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 allow companies to maintain track of products in real-time and facilitate transportation throughout East Africa by way of temperature-controlled vehicles, both inside the internal metropolis or to long-haul destinations,” mentioned Jared Irving, Managing Director, ARCH.
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The United Nations’ Food and Agriculture Organization estimates that over 40% of meals in Sub-Saharan Africa perishes earlier than it reaches a client. This can be as high 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 cold storage complicated to Tatu Industrial Park, which is home to greater 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 improvement with houses, colleges, workplaces, a shopping district, medical clinics, nature areas, a sport and entertainment complicated, and manufacturing space for more than a hundred and fifty,000 residents and tens of thousands of day visitors. Schools and businesses are already open at Tatu City, and a range of homes suits all incomes. Tatu City represents a brand new way of life and considering for all Kenyans, creating a singular stay, work and play surroundings that is free from visitors congestion and long-distance commuting.