Tuesday, December 15, 2020

Logistics Group Continues African Expansion with Two Joint Ventures

Firmer Relationship Assured with Existing Partners
Shipping News Feature

EGYPT – ETHIOPIA – Ceva Logistics says it is continuing its expansion programme in the African market with a pair of joint ventures, one in each country.

In Egypt, the company has taken a majority stake in IBA Freight Services, its exclusive partner in the region for the past 20 years whilst In Ethiopia, Ceva Logistics has taken a minority stake in MACCFA, a long-standing freight forwarder headquartered in Addis Ababa.

Both joint ventures are effective immediately and further the group’s sworn aim of becoming a leading continent-wide player. Through the new joint ventures both entities will be able to expand their products base which will help enhance the use of their local logistics services across the Ceva Logistics network.

Headquartered in Cairo close to the city’s international airport, IBA Freight Services has been Ceva Logistics’ exclusive agent in the country for two decades. It offers a full range of multi-modal and 3PL services to a wide base of customers across Egypt. The broad spectrum of freight management services is operated from IBA Freight Services’ offices in Cairo, at Cairo Airport and in the port city of Alexandria.

Meanwhile in Ethiopia, MACCFA has been established for some 25 years and operates from six offices and customs locations across the country offering a full range of logistics services. Outside the capital, it claims to be the dominant player and operates two road corridors: Addis Ababa – Djibouti and Mekelle – Kombolcha – Addis Ababa.

The company has a long-standing working relationship with Ceva Logistics’ parent company, the CMA CGM Group and also provides intermodal solutions using fully booked Block Train services from the Port of Djibouti to Indode Freight Terminal near Addis Ababa with onward trucking services to final destinations across Ethiopia.

These new enterprises follow Ceva Logistics’ acquisition of a majority stake in AMI Worldwide in the summer of 2020 which added an additional 12 countries to the company’s African network and Ceva Logistics’ Managing Director Turkey, India, Middle East and Africa, Bruno Plantaz, commented:

"Our strategic, continent-wide expansion plan continues to gather pace. These two Joint Ventures further consolidate our position in North Africa and the Horn of Africa and will enable us to persevere in our intention of supporting its socio-economic emergence across all countries.”

Photo: Image courtesy of MACCFA.