A leading Kenyan warehouse and logistics service provider Cold Solutions, says it’s going to make investments USD 70 million to construct the biggest chilly chain facility in East Africa to handle 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 numerous temperature ranges from +26 to -40 C and a number of product ranges, from recent 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 personal fairness fund suggested by ARCH Emerging Markets Partners Limited (ARCH).
“Cold Solutions’ one-stop-shops are designed to allow companies to maintain observe of merchandise in real-time and facilitate transportation across East Africa through temperature-controlled vans, either within the inside city 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 meals in Sub-Saharan Africa perishes earlier than it reaches a shopper. This can be as high as 60% for recent 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 residence to greater than 50 Kenyan, East African and multi-national businesses constructing best-in-class facilities in Kenya’s first operational Special Economic Zone.”
Tatu City is a 5,000-acre, mixed-use development with houses, faculties, places of work, a purchasing district, medical clinics, nature areas, a sport and entertainment advanced, and manufacturing area 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 variety of houses suits all incomes. Tatu City represents a new way of life and considering for all Kenyans, creating a singular live, work and play setting that’s free from site visitors congestion and long-distance commuting.