In The Spotlight
Globeleq has finalised an agreement with African Trade & Investment Development Insurance (ATIDI) for the provision of a payment guarantee to the 35 MW Menengai geothermal project in Kenya’s Nakuru County
The facility — issued via ATIDI’s Regional Liquidity Support Facility (RLSF) — covers the risk of non-payment by the Geothermal Development Corporation (GDC) and Kenya Power and Lighting Company (KPLC).
With the guarantee in place, the project and its lenders – the African Development Bank (AfDB), the Eastern and Southern African Development Bank (TDB), and the Finish Fund for Industrial Cooperation (Finnfund) – get enhanced payment security ahead of the project’s scheduled commercial operations date.
“Signing the RLSF agreement is a major milestone for our Menengai project, significantly enhancing the project’s risk allocation,” said Edouard Wenseleers, managing director, business development and head of East Africa at Globeleq.
Once operational, the Menengai project will deliver clean and affordable baseload power to the national grid supply and significantly contribute to the Kenyan government’s goal of a clean energy mix by 2030.
Wenseleers called it an honour for Globeleq to contribute to the issuance of Kenya’s first RLSF policy in Kenya through the Menengai project.
“We hope this will pave the way for more renewable energy IPPs to benefit from this innovative instrument in the country.”
To date, ATIDI’s RLSF has supported nine renewable energy projects across four African countries, enabling 181.95 MW in new renewable energy capacity and mobilising US$324mn in total financing.
“Whilst we have supported several projects in the region, this marks the first RLSF policy issued in Kenya, as well as the first in support of a geothermal project,” said Obbie Banda, senior underwriter and RLSF coordinator.
“This milestone confirms the bankability of the RLSF product for a leading project developer and for the DFI lenders involved in this project — it also demonstrates our commitment to moving from concept to execution of our innovative instruments."
Read more:
Globeleq to support Zambia hydro project
A milestone in Kenya's energy transition

DRC Mining Week 2025 signals shift toward sustainable, standards-driven mining future. (Image source: SRK Consulting)
Developments in the Democratic Republic of Congo show that the country’s mining sector is transitioning from volume-driven extraction to a more structured industry focused on global standards and sustainability
Reflecting on the recent 20th DRC Mining Week in Lubumbashi, SRK Consulting (Congo) chairman and geological consultant Dominique Sambwa said the event highlighted a range of positive signs that are underpinning the country’s future prospects as a mining giant. These included infrastructure for energy security, adoption of mining industry standards, and a peace agreement that could facilitate better access to mineral deposits.
“With the number of attendees reaching about 5,000 this year, the event was a significant forum for all stakeholders including government, who provided encouraging updates on progress in power and transport infrastructure projects,” said Sambwa. “These developments are essential in allowing mining companies to scale their operations, as well as for exploration efforts to access new areas – so that the DRC’s mining sector can continue to diversify beyond copper and cobalt.”
Lobito rail link
Among the key infrastructure projects underway was the Lobito Corridor – a rail link connecting the DRC’s mineral-rich regions with the Angolan port of Lobito – which is supported by the International Finance Corporation.
He highlighted the growing interest in lithium deposits such as Manono in DRC’s eastern region, and diamond prospects in central DRC. Investor interest is certainly increasing, he noted, with significant representation at the event from Western countries like the US.
“Everyone active and interested in the DRC has also been heartened by the moves to secure a peace deal between the DRC and Rwanda, as this could catalyse further investment and mining expansion – especially in areas that have been destabilised by military activity,” remarked Sambwa.
Clean power
The World Bank-funded phase 1 of Inga 3 hydroelectric scheme was another topical project discussed at DRC Mining Week that holds great promise for the future of mining, said Nicolaas Steenkamp, principal consultant at SRK Consulting (South Africa).
“Clean hydropower through a large scheme like this will facilitate considerable expansion of mining operations, by strengthening the availability and reliability of power through the main grid,” said Steenkamp. “Where it could replace costly diesel-generated power on mines, such an energy source could also make production costs more globally competitive, while helping mines to decarbonise as part of industry-wide sustainability efforts.”
He noted that the DRC’s cleaner sources of grid energy could also position the country’s producers as leaders in the move toward a preference for ‘green copper’ among customers pursuing the energy transition away from fossil fuels. The 240MW Busanga hydroelectric plant north of Kolwezi on the Lualuba River is among the most recent renewable projects to be commissioned. There are also a number of solar power developments underway on mines, aiming to harness renewable sources while stabilising on-site power supply and driving the green agenda.
Socio-economic impact
The mining industry’s recent trajectory in the DRC has been marked by local regulations to harness its positive impact on the economy and broader society, as well as by a growing acceptance of global standards – especially those related to environmental, social and governance (ESG) concerns. The evolving regulatory framework hopes to nurture local suppliers and professional service providers to the industry, as well as improve relationships between mines and communities through more systematic engagement, said Sambwa.
“Subcontracting firms in mining must now be at least 51% owned by Congolese shareholders, and there are local procurement requirements for mining and service contracts,” he said. “Mining companies are also mandated to prioritise the employment of locals – to promote the integration of the domestic economy.”
Standards show the way
With international focus on the integrity and ethics of the mining supply chain, and led by major global players already active in the DRC, miners in the country are increasingly embracing industry standards, according to SRK Consulting (South Africa) partner and principal environmental scientist Wouter Jordaan.
“As a strategy to meet international best practice and mitigate risk – while also aligning with the requirements of the larger financial institutions and stock exchanges – we are seeing a definite trend in the DRC towards compliance with one or more standards,” said Jordaan. “Mining companies are recognising that they are part of a value chain is becoming more demanding.”
He added that standards like The Copper Mark and the Initiative for Responsible Mining Assurance (IRMA) are not only well-recognised by others in the supply chain, but they provide mines with a clear and structured path to compliance. Other industry benchmarks are also coming into focus for players in the DRC, commented Malcolm Maber, partner and principal geotechnical engineer at SRK Consulting (SA).
“As exhibitors at DRC Mining Week, we engaged with many visitors about the requirements of the Global Industry Standard on Tailings Management (GISTM), especially the ESG elements,” said Maber. “It is clear that companies operating in the country are keen to start understanding and implementing this standard – if they haven’t already started.”
Looking ahead
Sambwa said the DRC Mining Week emphasised the potentially positive impacts of government efforts to date in trying to optimise the benefits that nearby communities gain from mining operations. This included the social investment of 0,3% of mines’ turnover to community funds, to support upliftment and local economic development.
“Of course, the social benefit is unevenly spread across the country, as it only applies in the mining regions,” he said. “However, the impact can be positive if the arrangement is well managed by skilled professionals, and if there is a high level of transparency in matters such as revenues and contributions.”
CEVA Logistics continues to grow its presence across the African continent with the construction of a new logistics base in the port area of Kribi, Cameroon
The 30,000 m² facility is scheduled to open between September and January and will feature 25,000 m² of space for import-export container storage and 5,000 m² of warehouse space.
A global leader in third-party logistics, CEVA is strengthening its commitment to the development of trade in Central Africa through the strategic expansion of its regional operations and logistics capabilities. The company is focused on delivering innovative and sustainable logistics solutions tailored to the specific needs of the African market. As part of this commitment, CEVA has launched the construction of a new logistics platform near the Port Authority of Kribi, supporting its role as a key contributor to economic growth in the region.
Located just two kilometres from the port, the new platform will be capable of receiving and storing up to 2,200 import and export TEUs on its 25,000 m² container storage area. The 5,000 m² warehouse will accommodate export-bound products such as cotton, sesame, cocoa, gum arabic and lumber.
Growing footprint in Cameroon
CEVA Logistics has already built a strong operational base in Cameroon, with offices in Douala, Yaoundé and Kribi. The company manages a 20,000 m² container depot in the port area of Douala, offering storage for up to 1,200 TEUs, along with warehousing and bonded storage facilities. This is supported by an additional logistics hub in the Bonabéri industrial zone.
Cameroon’s transport and logistics sector is experiencing rapid growth, driven by increasing trade volumes across Central Africa. By establishing operations in Kribi, home to the country’s only deep-water port, CEVA has made a strategic investment in what is becoming Cameroon’s most important logistics and economic gateway.
CEVA Logistics continues to expand in Africa
The development of the Kribi platform forms part of CEVA’s wider strategy to become a major player in transport and logistics throughout Africa. The company is already present in 24 countries and plans to extend its logistics services to four more, including Gabon, Ghana, Guinea and the Republic of Congo by the end of 2025.
Mehdi Ghozayel, head of Central Africa Cluster, CEVA Logistics, said, “The construction of this new logistics base in Cameroon, designed to meet the growing logistics needs of economic operators in the region, marks a new stage in the development of our presence in Central Africa. With this platform, strategically located close to the port area in Kribi, we will continue to support our customers in their commercial exchanges to and from Cameroon.”
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In the final webinar of its African Review-hosted 2023 campaign, Convergent Group explored its modern, eco-friendly concrete solutions for African projects
Such solutions – delivered to cut maintenance costs by eliminating hazardous silicate products – were showcased by company experts in the form of Jean-Claude Biard, SEO of Convergent Group SA; Mputu Schmidt, former CEO of Convergent Group SA and founder of Bondeko MB (exclusive distributor of Convergent Group in Africa); Carlos Garcia, technical and sales for ADI Group (Spanish distributor for Convergent Group); and Amritpal Singh Sura, external consultant for flooring treatments, former distributor of Convergent products in the Middle East.
“A number of projects we were doing in the Middle East required protection,” remarked Sura. “Longevity of protection requires a system which basically impregnates and becomes a densified surface as opposed to something which is topical and lifts off due to moisture migration. I found that being exposed to Convergent, it was important to stay focused on those systems in the Middle East. Jean-Claude, Mputu and I met several times in Dubai and there was emphasis on providing systems which were affordable and still ending up having a robust, lasting longevity of product. So you are not spending money all the time in order to maintain the finishes which you have already paid for.”
Over the course of the session, the participants guided the audience through the potential of cutting-edge lithium silicate technology for enhancing the protection of concrete surfaces, maximising cost-effectiveness and meeting sustainability targets.
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In a comprehensive webinar hosted by African Review, a panel of professionals associated with Convergent Group explored new generation lithium silicate technology and why it is emerging as the optimum solution for concrete floor protection.
Robert Daniels, editor of African Review, was joined by Jean-Claude Biard, CEO of Convergent Group; Mputu Schmidt, former CEO of Convergent and founder of Bondeko MB, an exclusive distributor of Convergent; Hicham Sofyani, president of Texol; Carlos Garcia, technical and sales for ADI Group; and Marc Puig, commercial manager of Comace Import.
Each providing a unique angle, the panellists combined to provide a masterclass around concrete treatments and the increasing challenges around them, explaining to attendees how to choose the right formula for their requirements and touching on issues such as why lithium densifiers are better than sodium and potassium densifiers.
Throughout the session, those watching were treated to informative case studies showcasing how Convergent eco-friendly products are increasing abrasion resistance, raising ease of maintenance, and ensuring the highest quality gloss retention.
By the end of the webinar, a majority of attendees (many of which had not had much experience with Convergent) expressed their interest in using the company’s new generation lithium silicate technology with the rest indicating their desire to learn more about Convergent and its products. Watch the webinar, in full, to discover why viewers were convinced and learn more about advanced floor care solutions for your operations.
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Presenting on an African Review-hosted webinar, Martin Provencher, global industry principal for mining, metals and materials at AVEVA, explored the digital transformation of mining operations and its impact on sustainability.
“Sustainability is becoming a key aspect for mining operations,” remarked Provencher. “If we look at the latest EY research on the top ten business risks and opportunities for mining and metals globally in 2023, ESG remains at the top. Of course, most companies have environmental goals or are expected to reach a net zero emission by 2050, which is a pretty aggressive target. Many of them are targeting 30% reduction by 2030; seven years from now. So there is a lot of action that needs to take place quickly to get there. It is possible to get there, but we need to make sure we are doing this correctly.”
Fast becoming a huge part of ESG initiatives is fleet electrification where particular progress is being made in underground mines. While some countries are certainly more advanced than others here, Provencher noted that 40% of total emissions from the mining industry come from diesel trucks, making EVs a very attractive low-hanging fruit for companies to pursue.
There are, however, a number of challenges associated with bringing in electric vehicles which remains a barrier for introduction. One of the predominant reasons, is the limited range of EVs against diesel counterparts. To mitigate this, Provencher continued, data management is key and ensuring a strong grasp of real-time information coming in will show operators when machinery needs to be charged, allowing them to plan effectively for maximum efficiency on site.
Indeed, this is but a small advantage that digitalisation can bring to the mining industry as it grapples to meet ESG goals while achieving production targets. By getting a better grip of their data and using it to empower tools such as artificial intelligence, advanced analytics and machine learning, companies can achieve tangible benefits such as reduce downtime, enhance worker safety, cut operating costs and, of course, ensure compliance with environmental regulations and targets.
Through the course of the webinar, Provencher outlined this in more detail and explored AVEVA’s suite of cutting-edge software solutions, specifically designed to help mining companies make progress on their digitalisation journey and empower their operations.
Watch the full webinar, completed with detailed case studies and an insightful Q&A session.
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Convergent, in association with African Review, has held a detailed webinar exploring the usage and effectiveness of lithium silicates and densifiers over traditional methods of concrete surface management which often struggle to meet the increasing challenges posed by concrete surface management.
Convergent experts including Mputu Schmidt, CEO of Convergent; Carlos Garcia, product manager end-user solutions, construction chemicals, Spain and Portugal for the RD Group; Matteo Mozzarelli, CEO of concrete Solutions Italia; and Jean-Claude Biard, global senior executive for the Convergent Group, presented across the session.
Together, they delved into the latest cost-effective application methods for long lasting finishing of concrete that can help reduce maintenance costs and avoid unexpected repair action. In addition, they examined the advancements in technologies that can sustain increased abrasion resistant stains and ensure gloss retention to the highest quality.
As part of the webinar, the representatives explored case studies including a case in DRC where a medical centre had been constructed with a low-quality concrete floor. The customer was considering completely replacing the floor but instead, Convergent put forward a special treatment with its 244+ Pentra-Sil lithium hardener, densifier and sealer. With this solution, Convergent can increase the hardness of a surface by up to 40% and therefore saved the customer significant recuperation costs over a complete replacement. Convergent were happy to report that the solution was perfect for the facility and the customer was pleased to avoid the extra construction work that would have been required for a complete replacement.
Watch the full webinar, including more information about Convergent’s innovative solutions.
South Africa’s Red Sands battery energy storage project (BESS) has achieved financial close
The 153MW/612 MWh project, led by Globeleq and African Rainbow Energy, becomes Africa’s largest standalone BESS facility to reach the financial close milestone.
It follows the signing of project agreements between both companies and the Department of Electricity and Energy and the National Transmission Company South Africa (NTCSA).
Globeleq and African Rainbow Energy raised approximately around US$300mn in debt financing from Absa and Standard Bank.
Located near Upington in South Africa's Northern Cape, the Red Sands BESS will span approximately five hectares and supply electricity to NTCSA under a 15-year power purchase agreement.
The project includes significant upgrades to Eskom and NTCSA's grid infrastructure and will help ease transmission and distribution congestion in the region.
China Energy Engineering Corporation has been selected as the engineering and procurement contractor, with the BESS technology and long-term service agreement provided by Sungrow, a global leader in inverter and energy storage system solutions.
“Financial close on Red Sands BESS is a pivotal step in delivering Africa's largest standalone battery storage project,” said Globeleq's CEO Jonathan Hoffman.
"With strong backing from Absa and Standard Bank, and support from our public and private partners, we're advancing a more resilient, low-carbon power system.”
Johan Koorts, senior banker, resource and project finance at Absa, said the transaction demonstrates the bank’s commitment to Africa’s energy transition goals and will support the reliability and efficiency of electricity supply in South Africa.
Sherrill Byrne, head of project finance, energy and infrastructure at Standard Bank CIB, added: “This project is set to significantly enhance South Africa's energy requirements and contribute to grid stabilisation."
Globeleq, which led the development and financing process, will manage the project during construction and into operation through a subsidiary, Globeleq South Africa Management Services.
The project was originally developed by African Green Ventures and later acquired by Globeleq in 2023.
Red Sands BESS will be its second utility scale BESS in its renewable portfolio, adding to its 13 solar, wind and hybrid PV plus BESS plants in South Africa, Mozambique, Kenya and Egypt, plus the Menengai geothermal plant, currently under construction in Kenya.
Read more:
Globeleq advances Kenya Menegai geothermal
Globeleq to support Zambia hydro project
Gllobeleq signs up Sungrow for Red Sands project
Turkish construction group Summa Turizm Yatirimciligi (Summa) has secured additional funding to help develop various construction projects in Senegal and across sub-Saharan Africa
The company has secured €50mn (US$58mn) in financing from the World Bank’s IFC to develop tourism and urban infrastructure projects across the continent in support of job creation and economic growth.
“We are pleased to have IFC’s support for Summa’s hotel and real estate developments in Senegal and across Africa,” said Selim Bora, chairman of Summa.
“We see this partnership as a foundation for broader collaboration in key sectors such as transportation, sports infrastructure, tourism and energy — areas vital to the region’s sustainable development and economic growth — whereas Summa possesses a deep reservoir of expertise and a strong track record of delivery.”
The loan agreement will help Summa with its working capital and cover capital expenditure needs for construction projects in select countries across Africa.
Established in 1989, Summa’s main focus today is Africa, working across a range of industry sectors and projects including airports, stadiums, hotels, industrial buildings and facilities.
It also works in the construction of motorways, dams, and other infrastructure networks, such as power transmission lines, pipelines, and land reclamation projects.
Current projects include Osvaldo Vieria International Airport in Guinea Bissau and, in the hospitality sector, the new Courtyard Diamniadio hotel in Senegal.
“This investment demonstrates IFC’s commitment to supporting tourism and other urban infrastructure development in African markets,” said Ethiopis Tafara, IFC’s regional vice president for Africa, noting that “these types of investments are essential for driving sustainable economic growth and regional development.”
The combined projects across the region are expected to create more than 2,000 direct and indirect jobs by 2029, while Summa’s operations as a whole will lead to US$225mn in economic value through direct, indirect, and induced effects, the IFC said in a statement.
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BME's Dryden Innovex manufacturing plant outside of Delmas, Mpumalanga in South Africa (Image source: BME)
BME has outlined its commitment to sustainable mining by incorporating used oil, a hazardous waste, as an ingredient in emulsion explosives
“Through our scientifically rigorous processes, we convert a waste product into a sustainable energy source that can break ground to meet the demands of mining while also promoting environmental sustainability and socio-economic development,” said Sachin Govender, used oil manager at BME.
“Used oil is a major environmental risk. Just one litre can contaminate about a million litres of South Africa’s scarce water resources.”
By consuming up to 20% of all the country’s used oil for the production of emulsions, BME helps to effectively mitigate this risk – while also helping to uplift local communities from where it sources the used oil.
The company utilises used oil as a bioenergy fuel source that is completely consumed in the blasting process — a system it has honed and refined over three decades.
The well-developed and accurate formulations comply with safety regulations and adhere to the company’s ESG goals, said Govender.
He said that while used oil was readily available as it was a waste product, there were various grades, all containing different contaminants and components.
“Therefore, all of the used oil that we collect and process undergoes extensive verification, quality control analysis and validation at our R&D laboratory,” he said.
“The final emulsions that we produce using these technologies are also quality tested to determine their stability, shelf life and efficiency for mining.”
He confirmed that BME was also investigating viable alternatives to traditional used oil.
This would not only enable the company to further pursue greener and more sustainable sourcing, but would also increase its participation in the circular economy.
Read more:
Mining chemicals storage boost for BME
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African Development Bank funds feasibility for Rwanda’s US$100mn cable car to improve urban transport access. (Image source: AfDB)
The African Development Bank (AfDB) has approved a US$500,000 grant to fund a feasibility study for Kigali’s proposed aerial urban transit system, set to become sub-Saharan Africa’s first cable car network
The initiative is being spearheaded by Ropeways Transit Rwanda Ltd (RTRL).
The funding comes from the Bank’s Urban and Municipal Development Fund (UMDF) and will support the development of the Kigali Urban Cable Car Project. Valued at US$100mn, the 5.5 km transport solution is designed to alleviate traffic congestion, cut greenhouse gas emissions, and improve access to jobs and essential services for underserved communities.
Hosted by the African Development Bank, the UMDF provides technical assistance and financial support to cities, helping them identify and prepare investment-ready urban projects.
Phase 1 of the project will cover two main routes: from Nyabugogo Taxi Park to the Central Business District, and from the Kigali Convention Center to Kigali Sports City, passing key landmarks such as Amahoro Stadium, BK Arena and Zaria Court.
The feasibility study aims to attract international investment, potentially through platforms such as the Africa Investment Forum (AIF). UMDF has previously supported Rwanda’s Kigali Urban Transport Improvement Project to enhance investor confidence in the transport sector.
Construction is expected to begin in late 2026, with commissioning planned for 2028. Once operational, the system could carry over 50,000 passengers daily on a 15-minute end-to-end journey, fully integrated with Kigali’s broader transport network.
African Development Bank Group president Dr. Akinwumi Adesina said, “This transformative project aligns perfectly with the Bank’s vision for sustainable, green climate-resilient urban mobility infrastructure, and with the Bank’s Ten-Year Strategy, which focuses on urbanisation, and the Alliance for Green Infrastructure in Africa (AGIA), a global partnership initiative driven by the African Development Bank Group, Africa50 and the African Union. By financing Rwanda’s urban cable car system, we are investing in a scalable model of low-carbon, inclusive public transport that cities across Africa can emulate.”
The project also supports Rwanda’s climate targets, as outlined in its Green Taxonomy, E-mobility Strategy and Climate and Nature Finance Strategy, aiming to cut emissions by 38% by 2030 and reach carbon neutrality by 2050.
The cable car project will be implemented under a Public-Private Partnership (PPP), according to Imena Munyampenda, Director General of the Rwanda Transport Development Agency.
The feasibility phase will draw insights from successful cable car systems in cities like La Paz, Bolivia and Singapore, and will incorporate inclusive design principles for disabled access and employment opportunities for women, low-income groups, and youth.
Blended financing model
The project’s US$100mn financing will include grants, concessional loans, blended capital, and technical assistance. The UMDF grant will specifically support assessment of the viability gap. The Rwandan government will partner with the African Development Bank Group and others including IFC, Africa50, TDB, AFC, and private investors under the AGIA to structure blended and commercial finance.
South Africa has entered into a US$1.5bn loan agreement with the World Bank to support the revitalisation of its transport and energy infrastructure and stimulate economic recovery, the National Treasury announced recently
For over ten years, Africa’s most industrialised economy has faced stagnation, hindered by ongoing power outages that have reduced productivity and deteriorating rail systems and port congestion that have impacted key industries like mining and automotive manufacturing.
The government expects the loan to help alleviate transport constraints and bolster energy security, although it has not disclosed which specific projects the World Bank funds will support.
The loan is expected to help manage the country’s rising debt-service burden by offering more favourable conditions than those available in commercial markets, including a three-year grace period.
State-run utilities Eskom and Transnet, responsible for energy and transport respectively, have faced long-standing operational and financial difficulties, contributing to the country’s sluggish growth, which stood at only 0.1% in the first quarter.
The Treasury stated that the interest rate on the 16-year loan from the World Bank is the six-month Secured Overnight Financing Rate plus 1.49%.
This facility is distinct from another US$500mn in funding that the World Bank Group is considering to help mobilise private investment in South Africa’s electricity transmission infrastructure, which needs to be expanded to accommodate more renewable energy projects.
Last month, Finance Minister Enoch Godongwana outlined a budget that includes over 1 trillion rand (US$55.5bn) in investment across sectors including transport, energy, water and sanitation, aimed at driving growth and improving public services.
It aimed for public debt to peak at 77.4% of gross domestic product in the current fiscal year, slowly declining after that.
Jumia, Africa’s leading e-commerce platform, has taken a significant step in reinforcing its presence in Egypt with the inauguration of a new integrated warehouse on Suez Road, Cairo
This development marks one of Jumia’s largest investments in the country and demonstrates its continued confidence in Egypt’s strategic role in Africa’s economic and logistical landscape.
Spanning over 27,000 sq m, the new facility is designed to optimise Jumia’s logistics capabilities by improving storage efficiency and speeding up deliveries, particularly to Upper Egypt. The warehouse is equipped with advanced smart systems that enhance order processing and customer satisfaction. As a key component of Jumia’s logistics infrastructure, the centre supports the company’s future expansion and aims to better serve merchants and consumers across the country.
This investment aligns with Jumia’s mission to boost Egypt’s digital economy and enhance its service offerings. It will also provide tailored logistics solutions for local manufacturers and merchants, reinforcing the platform’s support for domestic production.
The warehouse is projected to generate up to 10,000 direct and indirect jobs over the coming years, solidifying Jumia’s contribution to national economic development and youth empowerment.
Prime minister Dr Mostafa Madbouly commended the initiative, remarked, "We welcome this move by Jumia, which reflects the trust that major global companies have in Egypt’s investment climate. We look forward to more partnerships that support the state's goals in digital transformation, the development of logistics infrastructure, and the provision of job opportunities for Egyptian youth."
Abdel Latif Olama, CEO of Jumia Egypt, expressed his appreciation for the government’s support, stated, "We are proud of this achievement, which reflects Jumia’s long-term investment commitment in Egypt. We view Egypt as a strategic hub for our operations in the region. This warehouse represents a qualitative leap in the level of services we provide to our customers and partners, and it supports our vision of becoming an integrated platform that combines technology and logistics across the continent. It will also contribute to our growth in the Egyptian market."
Egypt also plays a critical role in Jumia’s tech ecosystem, hosting one of its largest technology hubs on the continent. This centre is home to a skilled team of engineers and developers who are building digital tools and logistics solutions to support operations across Africa.
During the inauguration, Olama delivered a presentation detailing Jumia’s impact in both Egypt and broader African markets. He also outlined plans for future expansion, reaffirming Egypt’s strategic importance to the company.
The launch of this facility is part of Jumia’s wider expansion strategy aimed at strengthening its infrastructure across Africa. Similar logistics centre s have already been established in Nigeria, Ghana, Ivory Coast, and Morocco, reinforcing the company’s role in advancing digital commerce and economic development across the continent.