NAIROBI, KENYA – ARCH Cold Chain Solutions East Africa Fund company, Cold Solutions Kenya, announced a $70 million investment to build state-of-the-art, temperature-controlled cold storage warehouses in Kenya. The cold storage and logistics service provider’s 15,000-square-meter flagship facility in Tatu City Special Economic Zone, in Nairobi, will be the largest, most advanced and efficient in the region. The facility will possess the flexibility to cater a temperature range from +26°C to -40°C and accommodate a product range including fresh fruit and vegetables, pharmaceuticals and vaccines, meats and poultry, and frozen foods.
Tatu City is a 5,000-acre, mixed-use development with homes, schools, offices, a shopping district, medical clinics, nature areas, a sport and entertainment complex, and manufacturing area for more than 150,000 residents and tens of thousands of day visitors. Schools and businesses are already open at Tatu City, and a range of homes suits all incomes.
“Cold Solutions' one-stop-shops are designed to allow businesses to keep track of products in real-time and facilitate transportation across East Africa through temperature-controlled trucks, either within the inner city or to long-haul destinations," said Jared Irving, managing director, ARCH Emerging Markets Partners Limited, adviser to ARCH Cold Chain Solutions East Africa Fund.
The United Nations' Food and Agriculture Organization estimates that over 40% of food in Sub-Saharan Africa perishes before it reaches a consumer.
"We are delighted to welcome Cold Solutions' transformational cold storage complex to Tatu Industrial Park, which is home to more than 50 Kenyan, East African and multi-national businesses building best-in-class facilities in Kenya's first operational Special Economic Zone," said Chris Barron, Kenya Country Head for Rendeavour, Tatu City's owner and developer.