This archive report was first published on 6 October 2021.
On October 6, 2021, Kenyan tech-logistics startup Sendy and Toyota Tsusho Corporation announced a strategic equity investment in Kamtar, a Francophone logistics platform.
Joining Sendy and Toyota Tsusho in the investment round are Mobility 54 Investment SAS and CFAO's corporate venture capital arm.
Kamtar currently operates in Cote d'Ivoire and Senegal, with plans to expand to other French-speaking West African countries by the end of 2022.
The investment will enable Sendy to expand its footprint beyond its current operations in Eastern Africa.
Kamtar is a digital logistics startup with 5,000 drivers on its network, connecting SMEs and corporate businesses to truckers and offering value-added services to its drivers.
Owned by Saviu Ventures, an Africa-focused investor, Kamtar aims to provide effective delivery operations and cost savings by eliminating intermediaries.
Read more about the growth of logistics startups in Africa:
