African online forwarder raises $5m funding

Online forwarder OnePort 365 has raised $5 million in seed funding to digitise of freight management in Africa and support its expansion into new markets. Africa’s clearing and forwarding market is growing, with latest figures suggesting a market size of $4.2 billion and a projected 12.5% growth. However, challenges including congestion at ports, difficulty in accessing effective service providers and complex payment systems have increased costs and inefficiency. With active operations in ... [+]

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