This archive report was first published on 13 July 2020.
On July 13, 2020, Tatu City and Cold Solutions Kenya Limited announced a KSh7.5 billion investment deal to construct state-of-the-art temperature-controlled cold storage warehouses in Kenya.
The deal will see Cold Solutions construct a flagship facility in Tatu City Special Economic Zone in Nairobi, with additional facilities located in Mombasa.
The 15,000 square meters grade 'A' cold storage complex will span across six acres at Tatu City, making it the country's largest and most advanced facility in the region.
Expected to be operational within 12 to 18 months, the facility will cater to various temperature ranges and product types, including fresh produce, pharmaceuticals, and frozen foods.
Cold Solutions Kenya Limited is a portfolio company of ARCH Cold Chain Solutions East Africa Fund, a private equity fund advised by ARCH Emerging Markets Partners Limited.
The fund plans to build up to 10 state-of-the-art temperature-controlled cold storage warehouses in the region, with an investment of at least KSh21.4 billion.
