Image;MOL
Japan’s Mitsui OSK Lines (MOL) is buying a 25% stake in Tanzania-based Alistair Group, a cross-border logistics company serving Sub-Saharan Africa. No price has been revealed.
Alistair Group has offices in eight countries in Southeast Africa. Its business centres on cross-border logistics services for truck transport of copper, cobalt, and other critical mineral resources produced in the Democratic Republic of Congo and Zambia in inland Africa to coastal export ports. It is also engaged in customs clearance, warehouse operations, and cargo handling at ports. The company has a fleet of about 450 trucks and about 1,000 employees.
In a release today, MOL said it views Africa as region with significant growth possibilities and new business opportunities due to increasing population and abundant resources, including renewal energy potential.