Investec Asset Management, in partnership with The Carlyle Group, has agreed to invest in J&J Africa, a pan-African logistics company specialising in the road transportation of general cargo along the Beira corridor, one of Southern Africa’s key trade routes. The investment will see Investec Asset Management’s Investec Africa Frontier Private Equity Fund 1 partner with J&J Africa’s founder-management to help enable the Company’s growth and development. By building on J&J Africa’s current service, as well as adding new offerings, the Company will better serve current and future customers in the region.
Founded in 1995, J&J has more than 18 years’ experience in crossborder transport within Africa. From its headquarters in Mozambique, the company has established itself as a reliable and efficient provider of transport and logistics services to a diversified, international customer base. With 800 trucks and extensive storage infrastructure, J&J is well placed to serve Southern Africa, home to some of the fastest growing economies in the world.