Nairobi based logistics start-up, Lori Systems has moved into Uganda, Rwanda and South Sudan, after winning multiple bids associated with the newly built $4B railroad system in East Africa.
The start-up also partnered Kenya’s Standard Gauge Railway to help reduce the costs involved by truckers in moving bulk imports and exports.
Josh Sandler, CEO of Lori Systems said, ‘’Over the past year, we have grown rapidly – both in terms of throughput on the system as well as the team. Our team has grown from 15 to 70 since February and adds experience from organizations such as McKinsey, DHL, and NASA.”
“We’re so excited to announce our working partnership with the Standard Gauge Rail in Kenya. In our continued efforts to bring down the costs of goods, we have been rapidly ramping up our operations to tackle massive transportation issues. We’ve already had success in bringing down direct costs of moving bulk grains, achieving a 17% reduction in Uganda,”
The firm also recently partnered with Kuehne + Nagel, DHL and Cargill to allow them to extract greater insight from their logistics data and drive informed action through improved technology, analytics, and operations.
In 2017, the start-up won the TechCrunch Startup Battlefield Africa that was held in Nairobi. Lori Systems won Sub-Saharan Africa’s Most Promising Startup and also won in the productivity and utility category.
Lori has brought on top talent from across Africa to further reduce transportation costs and respond to increased demand.
More Tech Stories:
- Egypt’s Healthcare Start-up, Vezeeta Lands $12M Series C Fund
- President Uhuru Kenyatta Proposes Tax Increase on Mobile Money Transfer Services
- Nissan Set to Establish Assembling Plant in Ghana
- SA Based Jumo Secures $52M Investments Round, Set to Expand to Asia
- MEST Incubator to Be Hosted in Nairobi Garage