Africa Logistics Properties’s construction work at Tatu City. PHOTO | COURTESY
British logistics firm Africa Logistics Properties (ALP) on Friday said it has invested $40 million (about Sh4bn) to set up ready bulk warehouses at Tatu City and Limuru targeting large logistics and distribution firms as it seeks more businesses in Kenya to boost its bottom line.
The bulk warehouses project, part of the firm's Sh10 billion investments in Kenya, is funded through the company by a large pool of shareholders.
The firm said it will be targeting both multinationals and regional firms seeking to enter the Kenyan market and requiring ready infrastructure for their ventures.
“The new investment targets a number of opportunities with multinational and regional companies seeking grade- A international specification facilities to reduce cost. These customers could either be consolidating or seeking a cost-efficient base to start a new venture,” said Richard Hough, ALP chief executive officer, in an interview.
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