Sendy targets West Africa with stake in Ivory Coast firm

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A Sendy rider. NMG PHOTO | DIANA NGILA

Sendy Ltd, a Kenyan digital logistics firm, has acquired a minority stake in an Ivory Coast-based company as part of a strategy to grow business deals at West Africa’s largest seaport.

The tech-logistics start-up has partnered with Mobility 54 Investment SAS — a corporate venture capital unit of Japan’s Toyota Tsusho and its affiliate CFAO Group — to buy a “significant stake” in Kamtar International for undisclosed amount.

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