TNT Express has acquired its long-term Kenyan agent Aircare Charters in a bid to strengthen itsposition 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 (€1.4 million) towardsexpanding its foothold in the country, the newspaper said. Kenya will now be the company’s hub inthe 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 waspart of TNT strengthening its position in emerging markets and providing an extensive network tosupport intra-regional and international trade growth.
Kenya was strategically positioned to offer the company major traffic flows linkingSouthern, Eastern and Central Africa, he noted. Africa has been identified as a major growth pointfor the company. “Kenya provides a business opportunity for the group and we shall continueinvesting 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, SkyNet and Globe Flight.
