LIFT aims to reduce the risk of investing in disruptive innovative technologies or improved practices that will have a significant impact on the efficiency of the transport and logistics industry in East Africa. LIFT will co-invest with the private sector in projects that have the potential to achieve this, but have been regarded by mainstream financial investors as too risky to undertake without TMEAs risk-sharing support. It is a competitive facility which will support the most promising projects and is open to businesses throughout the world that are operating, or will operate, in the EAC.
INCREASING EFFICIENCY AND REDUCING COSTS
IN TRANSPORT AND LOGISTICS
Cybermonk, a Mombasa-based software developer has launched an online system to facilitate clearance of cargo at the port.
Alistair Group, established in 2006 in Tanzania, offers quality road freight and logistics solutions delivered to its customers’ operations.
Spedag Kenya is developing the Malaba Railway Yard into an intermodal cargo transfer facility.
The project will develop a flexible package of vehicle and freight tracking services, that will detect and diagnose some of the most critical challenges facing the logistics sector.
C&F Pro Online will enable timely and efficient clearance of goods from the port with greater levels of cleared and delivered goods being secured with similar resource usage.
LOGISA will act as a catalyst to promote business by providing higher levels of logistics services all along the supply chain.
The intermodal facility will be capable of handling, storing and consolidating cargo from rail to road and vice versa.
This platform will benefit 100+ SMEs by giving owner operators and small transport businesses access to high-value cargo and ultimately increasing their income.