BluePeak boosts regional connectivity

BluePeak's investment promotes the UN's SDG 5 on gender equality, goal 8 on decent work and economic growth, and goal 13 on climate action. (Image source: Adobe stock)

Alternative asset management firm, BluePeak Private Capital, has announced its intention to provide a US$20mn hybrid loan to Prime Logistics, a leading integrated East and Central African logistics group

Prime combines logistics services – including freight, customs clearance, warehousing, inland terminals, overland transport and supply chain management – to offer an integrated solution to customers. Operating from its hubs in Dar es Salaam, Mombasa, Kampala, Goma and Dubai, the company aims to bring economic partners closer and serves blue chip customers operating in East and Central Africa and the Middle East. 

The new investment from BluePeak will be utilised to strengthen Prime’s position as a market leader, increasing wider access to high-quality logistics services while boosting regional connectivity.

Prime is also continuing its climate action plan, including strengthening its ESG framework and building on innovations that focus on reducing the company’s carbon footprint and efficiency. 

Rami Matar, senior partner at BluePeak, said, “Our diversification into logistics is testament to the flexibility and ambition of an investment approach prioritising sustainable growth of resilient businesses. Partnering with Prime will build on the company's existing ESG track record, advance the logistics sector, and accelerate the journey to a more sustainable future.” 

Asif Abdulla, executive chairman at Prime Logistics, commented, “The investment from BluePeak comes at a crucial time as increasing trade flows between East & Central Africa, the Middle East and the rest of the world supports demand for reliable logistics services. The structure of the funding aligns with our commitment to advance economic growth while unlocking sustainable development.”