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Ceva adds to African network

[ December 15, 2020   //   ]

CEVA Logistics has signed two joint ventures in the African market. In Egypt, it has taken a majority stake in IBA Freight Services, its exclusive partner for the past 20 years and, in a minority stake in Addis Ababa- headquartered MACCFA.

The latest ventures follow CEVA Logistics’ acquisition of a majority stake in AMI Worldwide in the summer of 2020 which added an additional 12 countries to the company’s African network.
Headquartered in Cairo close to the international airport, IBA Freight Services offers a full range of multi-modal and 3PL services, operated from offices in Cairo, at Cairo Airport and in the port city of Alexandria.

MACCFA has been established for 25 years and operates from six offices and customs locations across Ethiopia offering a full range of logistics services. Outside the capital, it is the dominant player and operates two road corridors: Addis Ababa – Djibouti and Mekelle – Kombolcha – Addis Ababa.

It also provides intermodal solutions using block train services from the Port of Djibouti to Indode Freight Terminal near Addis Ababa with onward trucking services to final destinations across Ethiopia.

It also has a long-standing working relationship with CEVA Logistics’ parent company, the CMA CGM Group, a world leader in shipping and logistics.

CEVA Logistics’ managing director Turkey, India, Middle East and Africa, Bruno Plantaz comments: “Our strategic, continent-wide expansion plan continues to gather pace.  These two Joint Ventures further consolidate our position in north Africa and the horn of Africa and will enable us to persevere in our intention of supporting its socio-economic emergence across all countries.”