Logistics

Ghanaian logistics startup, Jetstream, secures $3mn investment

Jetstream, a Ghana-based technology-enabled logistics startup on cross-border trade has raised $3M in a round that saw participation from investors such as Alitheia IDF, 4DX Ventures, Golden Palm Investments, Asia Pacific Land, Lightspeed Venture Partners, MSA Capital, and Breyer Labs. Jetstream will channel the funds into building the infrastructure for digitized trade corridors across Africa.

Read also: Jiji acquires Cars45 operations in Kenya, Ghana & Nigeria

TechCrunch reports that Jetsream kicked off its operations in 2019 as a Less-Than-Container-Load aggregation service. They later added trade finance to help customers unable to fill large purchase orders. The startup charges for the freight (per-kg/container fee), clearance (flat fee), and financial services (commission). In a past interview with CNN Inside Africa, Miishe attributed her success to “hard work and curiosity.”


This image has an empty alt attribute; its file name is Remsana-banner-purple-suit-1024x576.jpg

Click here to find out more!

Jetstream is looking to capitalize on the AfCFTA’s potential. According to a recent World Bank report, the tariff-free zone will boost regional income by 7% ($450 bn). Africa’s exports are expected to grow by $560 billion- with the bulk in manufacturing. Jetstream Africa is looking to capitalize on this by simplifying global logistics.

What You Need To Know About Jetstream

Jetstream was founded in 2018 by Solomon Torgbor and Miishe Addy. The idea was to enable African businesses to control their cross-border supply chains by integrating logistics providers in the private sector who are operating in Africa’s ports by bringing them online.

Read the original article here

Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email: nichole@getfundedafrica.com

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button