Kibo Capital makes investment in General Cargo Group, Kenya

18 Apr 2016

Kibo Capital Partners, a manager of regional private equity funds, announced today an investment in General Cargo Group, a leading provider of logistics services in Kenya by Kibo Fund II. Kibo has partnered with Velogic, a Mauritius based regional logistics leader, in this transaction.
“We are very excited about our partnership with Velogic and General Cargo. We believe General Cargo will remain a leader, and expand in a sector that is driving growth in East Africa. Velogic’s input, bringing its operational best practices and systems to this partnership shall help us accelerate growth and improve the quality of services,” Josep Oriol, Principal of Kibo, said.
Financial details of the transaction were not disclosed.

For more information, please see here.

« Back to Member News

42% of the total number of LPs included in VC deals in Africa between 2014-2019 were headquartered in North America…

@Proparco co-invests US$22mn into Ethiopian FMCG platform, Turaco. Read more:

PE/VC fund managers, PE/VC investment firms and corporate venture firms accounted for 39%, 19% and 11% of investors…

@deginvest_DE suscribes to bond issued by #HeliosTowers. Read more:

Majority of recorded #VC deals (62%) between 2014-2019 had at least one VC fund manager involved, while 44% of reco…