TNT expands in Kenya
TNT Express has acquired its long-term Kenyan agent Aircare Charters in a bid to strengthen its position in the country and develop Nairobi into a regional hub, the locally-based newspaper Business Daily reported.
The courier company has invested 138 million Kenyan shillings (EUR 1.4 million) towards expanding its foothold in the country, the newspaper said. Kenya will now be the company’s hub in the region providing a link for its operations in East and Central Africa.
TNT Express regional MD for Middle East and Africa, Jinendra Sancheti, said that the move was part of TNT strengthening its position in emerging markets and providing an extensive network to support intra-regional and international trade growth.
Kenya was strategically positioned to offer the company major traffic flows linking Southern, Eastern and Central Africa, he noted. Africa has been identified as a major growth point for the company. “Kenya provides a business opportunity for the group and we shall continue investing in the market,” he added.
TNT Express has been operating in the Kenyan market since 1980 through Aircare Charters, which held the franchise. Other major players in the market include DHL, UPS, FedEx, One World, Sky Net and Globe Flight.
TNT Express has acquired its long-term Kenyan agent Aircare Charters in a bid to strengthen its position in the country and develop Nairobi into a regional hub, the locally-based newspaper Business Daily reported.
The courier company has invested 138 million Kenyan shillings (EUR 1.4 million) towards expanding its foothold in the country, the newspaper said. Kenya will now be the company’s hub in the region providing a link for its operations in East and Central Africa.
TNT Express regional MD for Middle East and Africa, Jinendra Sancheti, said that the move was part of TNT strengthening its position in emerging markets and providing an extensive network to support intra-regional and international trade growth.
Kenya was strategically positioned to offer the company major traffic flows linking Southern, Eastern and Central Africa, he noted. Africa has been identified as a major growth point for the company. “Kenya provides a business opportunity for the group and we shall continue investing in the market,” he added.
TNT Express has been operating in the Kenyan market since 1980 through Aircare Charters, which held the franchise. Other major players in the market include DHL, UPS, FedEx, One World, Sky Net and Globe Flight.
