KUEHNE + NAGEL INTERNATIONAL AG

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Kuehne + Nagel International : +Nagel significantly expands footprint in Africa

01/05/2022 | 03:53am EDT
Dubai, UAE,
05
January
2022
|
06:45
Europe/Berlin
Kuehne+Nagel significantly expands footprint in Africa
Summary
  • Full-service logistics provider to Africa
  • Expansion reflects Africa's growing importance in world trade
  • Regional control tower serves as a single point of contact to an integrated network across the continent

Kuehne+Nagel, one of the world's leading logistics providers, has significantly expanded its network of offices in Africa. These offices are managed and supported by a control tower in Durban, South Africa - a single point of customer contact responsible for a compliant, high quality and easy-to-access network across Africa. It allows for complete visibility across the network, including remote locations, while ensuring Kuehne+Nagel's global service standards; supervising data quality, enabling shipment visibility and managing cargo flow.

With this expansion, Kuehne+Nagel provides its customers better access to African markets and while offering African manufacturers specialized and industry-specific solutions to meet soaring demand in markets such as pharma & healthcare, perishables, emergency & relief and project logistics.

Sub-Saharan Africa plays an increasingly significant role in worldwide trade as it is home to more than one billion people, half of whom will be under the age of 25 by 2050. Kuehne+Nagel has been actively present in Africa for almost seven decades after opening its first office in Johannesburg in 1954. The company provides its customers with full visibility across a strong and compliant supply chain by combining the strengths of a local presence with Kuehne+Nagel's global operating systems and processes.

The expanded Africa network is fully vetted and audited by an external global auditing company to ensure ongoing adherence to the highest level of compliance and ethical standards. It provides the full range of international services including Air, Sea, Road and Contract logistics to address the demands of the African continent.

"Africa is blessed with natural resources and a young entrepreneurial population. Now is the time to unlock this potential and create growing, thriving economies. There are many elements to this, one being the logistical ability to connect global markets for end consumers and suppliers. With the new control tower in Durban, we are ready to address this great African opportunity," says Lee I'Ons, President of Kuehne+Nagel Middle East and Africa.

With this expansion, Kuehne+Nagel will be represented in 18 African countries: South Africa, Kenya, Uganda, Tanzania, Egypt, Angola, Namibia, Madagascar, Zimbabwe, Swaziland, Mozambique, Mauritius, Botswana, Nigeria, Ghana, Ivory Coast, Senegal and Rwanda. Until the end of the first quarter 2022, Kuehne+Nagel plans to increase its footprint with a second expansion on the continent.

Kuehne+Nagel significantly expands its African footprint
Aerial view of Marina commercial business district Lagos Island Nigeria
About Kuehne+Nagel

With more than 76,000 employees at 1,400 locations in over 100 countries, the Kuehne+Nagel Group is one of the world's leading logistics companies. Its strong market position lies in sea logistics, air logistics, road logistics and contract logistics, with a clear focus on integrated logistics solutions.

Disclaimer

Kuehne + Nagel International AG published this content on 05 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 January 2022 08:42:18 UTC.


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Number of Analysts 15
Last Close Price 260,10 CHF
Average target price 288,79 CHF
Spread / Average Target 11,0%
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Managers and Directors
Detlef A. Trefzger Executive Vice President-Contract Logistics
Markus Blanka-Graff Chief Financial Officer
Jörg Wolfgang Wolle Chairman
Martin Kolbe Chief Information Officer
Karl Gernandt Non-Executive Director
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