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Logistics company Cold Solutions raises Sh2.4bn
Refrigerated semi-truck at a cold storage warehouse loading bay. Cold Solutions raises $19M to expand East Africa cold storage and transport, tackling food and pharma waste.
Kenyan cold storage and logistics firm Cold Solutions has raised $19 million (about Sh2.4 billion) in debt financing to expand its refrigeration and temperature-controlled transport infrastructure across East Africa, as it seeks to curb waste.
The funding was provided by Mirova, a French-based asset management firm focused on sustainable investments. Cold Solutions said the capital will be used to scale up its cold-chain infrastructure, including expanding capacity at its flagship facility in Tatu City Special Economic Zone (SEZ) in Kiambu County.
