This archive report was first published on 13 July 2020.
On July 13, 2020, Cold Solutions Kenya Limited announced a significant investment in Kenya's cold storage infrastructure.
The company plans to invest KSh 7.5 billion in constructing state-of-the-art, temperature-controlled cold storage warehouses in the country.
The facilities will be located in Nairobi and Mombasa, with the flagship facility set to be built in Tatu City Special Economic Zone in Nairobi.
The 15,000 sqm grade 'A' cold storage complex on six acres at Tatu City will be the country's largest, most advanced, and efficient in the region.
According to Cold Solutions, the facility will be designed to cater for numerous temperature ranges from +26 to -40 C and multiple product ranges, from fresh fruit and vegetables, to pharmaceuticals and vaccines, meats and poultry, and frozen foods.
The investment is part of a larger plan by ARCH Cold Chain Solutions East Africa Fund, a private equity fund advised by ARCH Emerging Markets Partners Limited, to build up to 10 state-of-the-art temperature-controlled cold storage warehouses in the region.
The warehouses will be built to international standards to enable food and product safety, and the investment into East Africa will be at least KSh 21.4 billion (US$200m).
Reacting to the investment announcement, Jared Irving, Managing Director, ARCH Emerging Markets Partners Limited, said, “We are proud to announce the inaugural Cold Solutions facility in Kenya, the first of a network of industrial scale, cold chain solutions throughout East Africa.”
Chris Barron, Kenya Country Head for Rendeavour, Tatu City's owner and developer, added, “We are delighted to welcome Cold Solutions' transformational cold storage complex to Tatu Industrial Park, which is home to more than 50 Kenyan, East African, and multi-national businesses building best-in-class facilities in Kenya's first operational Special Economic Zone.”
