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

RT @CDCgroup: We're very happy to announce that we'll soon be welcoming our first Chief Impact Officer. Liz Lloyd CBE will lead a team of 5…

RT @Mkessome: Global private equity managers are ready to double down on their African investments https://t.co/LzuDaoOPHa via @qzafrica @a…

@Mkessome @AVCA_Africa CEO, moderated a panel discussing the role of private equity in Africa growth story… https://t.co/JJZnU4Ko3l

@Mkessome @AVCA_Africa CEO, shared insight alongside @OMFIF @IFC_org @LeapFrogInvest @meridiam_news and SI Capital… https://t.co/UUxUiAkWxc

Africa remains an attractive investment destination - 53% of institutional investors plan to increase their investm… https://t.co/sYGqv7gFiX

;