 Imperial Logistics is looking for growth |
Imperial Logistics is looking to expand into air and sea transportation as the Africa-focused logistics group offers more services to multinationals with sales on the continent.
According to a report in
Bloomberg, Imperial delivers goods for GlaxoSmithKline and Heineken in sub-Saharan Africa. Now, it wants to add the ability to pick up products from manufacturing sites in Asia to complete the supply chain.
According to the report, the logistics company has been cutting costs in Europe and South Africa to position itself as a "gateway to Africa" for consumer goods and pharmaceuticals firms.
CEO Mohammed Akoojee has identified Nigeria, Africa's most populous nation with about 200 million people, as a particularly attractive country.
Imperial also announced new growth targets for the year through June 2020, including a low double-digit rise in operating profit.