ShipAfrica sells majority stake to US logistics firm Pigee
Nigeria’s ShipAfrica has transferred a 55% stake to U.S.-based Pigee, handing control to the buyer. The deal aims to strengthen logistics networks across Africa, though terms remain undisclosed. ShipAfrica’s existing operations will now integrate with Pigee’s infrastructure.
Sources: weetracker.com
“Foreign strategic acquisitions of African logistics startups remain rare, making this a potential test case for cross-border consolidation in the sector.”
What it means
While African logistics startups often raise capital from local or pan-African investors, this deal suggests growing interest from U.S. players looking to bypass fragmented markets. Success may hinge on Pigee’s ability to navigate regulatory and operational hurdles across multiple countries. If executed well, it could encourage similar moves by other global logistics firms.
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