TechInAfrica – In keeping up with the growing market in Africa, the Chinese – Africa logistics service provider Speedaf Express has invested more in the country with its latest round A+ financing completion.
TRUSTBRIDGE, followed by Northern Light VENTURE CAPITAL, and VISION+CAPITAL based on Round A lead the round.
“We sincerely thank our new and original shareholders for their trust and support of Speedaf express. This is an important milestone in the development of Speedaf express,” Gary Suo, CEO, Speedaf express said.
“ We are very optimistic about the development prospects of China-Africa cross-border logistics and local logistics business in Africa, and are committed to bringing advanced management concepts and operation models from China’s express industry to Africa.”
The logistics service provider initiative is to become the number one in China – Africa logistic and will direct the funding for the emerging markets, construction system, and the talent team for structuring.
With the African Continental Free Trade Agreement (AfCTA) effective from January and the expected growth of e-commerce to reach 22% of annual growth, the logistics may expect more goods volumes in the country.