Efficient logistic solutions supply rural areas in East Africa with healthcare and telecommunication
Freight in Time (FiT) is a family owned entity founded in 1965. In the last years, FiT has developed its capabilities to provide services in sea and air transport, important brokerage services, warehousing and distribution. FiT has created a large regional footprint and has an office network in 8 countries within the East African region. With Norfund’s investment of 68 MNOK in loan and equity in 2015 FiT expanded their supply chain logistics focusing on temperature-controlled warehousing and distribution for third parties, and area which is underserved in East Africa.
Valuable Partnership with Gavi
Gavi – the Vaccine Alliance, is a public-private partnership committed to saving children’s lives and protecting people’s health by increasing access to new and underused vaccines for children living in the world’s poorest countries. Gavi has developed distribution and logistics partners all over the world to distribute vaccines. In 2019, FiT was approached by Gavi to assist with the last mile delivery in some districts in Uganda to reach the underserved remote and rural poor. See film for more information.
It is expected that Norfund’s investment will contribute to the creation of new jobs in the East Africa region, generate tax revenues and also provide efficient logistics solutions to a number of industries including agriculture and the humanitarian sector. Norfund’s involvement will promote good corporate governance standards by transforming a family business into a professionally run company.