Kenyan Startup,Lori Systems expands to Uganda, Rwanda and South Sudan
Kenyan Startup Lori Systems has expanded its operations to Uganda, Rwanda and South Sudan. The startup launched its operations in the three countries after winning multiple bids associated with the newly built $4B railroad system in East Africa.
The Nairobi based startup has built a logistics platform that it says is revolutionizing the cargo-transport value chain in Africa. The joint goal of the new operation centres according to the startup is to drive down the costs of goods in the region and unlocking the region’s growth potential.
‘’Over the past year, we have grown rapidly – both in terms of throughput on the system as well as the team. Our team has grown from 15 to 70 since February and adds experience from organizations such as McKinsey, DHL, and NASA. ,” said Josh Sandler, CEO of Lori Systems.
The firm has also partnered Kenya’s Standard Gauge Railway to help reduce the costs involved by truckers in moving bulk imports and exports.
“We’re so excited to announce our working partnership with the Standard Gauge Rail in Kenya. In our continued efforts to bring down the costs of goods, we have been rapidly ramping up our operations to tackle massive transportation issues. We’ve already had success in bringing down direct costs of moving bulk grains, achieving a 17% reduction in Uganda,” Josh said.
The firm also recently partnered with Kuehne + Nagel, DHL and Cargill to allow them to extract greater insight from their logistics data and drive informed action through improved technology, analytics, and operations.
Last year, the startup won the TechCrunch Startup Battlefield Africa that was held in Nairobi. Lori Systems was crowned as Sub-Saharan Africa’s Most Promising Startup and also won in the productivity and utility category.