Nairobi-based startup, Lori Systems has announced their expansion into three new countries; Uganda, Rwanda and South Sudan.
The tech-enabled trucking logistics platform made this announcement after being crowned the overall winner of TechCrunch Battlefield Africa last year.
Lori recently won multiple bids associated with the newly built $4 billion railroad system in East Africa, with the joint goal of driving down the cost of goods in the region and unlocking the region’s growth potential.
“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,” said Josh Sandler, CEO of Lori Systems.
“We’ve already had success in bringing down direct costs of moving bulk grains, achieving a 17% reduction in Uganda.”
More than 40% of grains moving through Kenya to Uganda now move through Lori’s platform.
The company also recently partnered Kuehne + Nagel which will allow them to extract greater insight from their logistics data and drive informed action through improved technology, analytics, and operations.
Lori is providing Kuehne + Nagel a customized, flexible solution to meet their specific needs and increase asset utilization and customer satisfaction.
Similar partnerships have recently been launched with DHL and Cargill.
Sandler added that, “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.”
According to him, Lori is focused on hiring the best talent in order to bring down the costs of goods across the continent.
By: ClaraDoku/techvoiceafrica.com
