September 13, 2019: Kuwait's Agility Public Warehousing Co, a logistics company operating in more than 100 countries, is stepping up plans to develop warehouse parks across Africa at a cost of about $200 million each.

The company, which has annual revenue of about, $5.5 billion, has set up one at the Ghanaian port city of Tema, about 16 miles east of Accra, and will open three more, in Abidjan, Maputo and Lagos, the commercial hubs of Ivory Coast, Mozambique and Nigeria, respectively by June 2020. Addis Ababa, Luanda, Nairobi, Dar es Salaam, and Kinshasa may follow.

The company believes in its strategy and so do market observers who see that the need for warehousing services in Africa would increase in the coming years, according to a 2018 report by Knight Frank.

The 10,000 square metres parks comprise of warehousing with reliable power, internet and security. Built on the outskirts of major commercial hubs, they offer multinational companies a quick way to set up distribution centers, Geoffrey White, Agility's CEO for Africa said.

Cummins Inc, which makes generators and engines, is one of its initial customers, using the park in Ghana for its West African distribution.

Egypt, Morocco, and Algeria are potential sites for parks in North Africa.

Read Full Article