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Agility wants to fly like an eagleMENA

Agility wants to fly like an eagle

Kuwait-based logistics company Agility Public Warehousing has chosen East Africa for its latest business venture. In a statement made to the Dubai Financial Market on Sunday, National Aviation Services (a subsidiary of Agility) announced it had purchased a 51% stake in Siginon Aviation, Kenya’s largest aviation cargo management and ground handling company — and the rest is Hakuna Matata.

While the exact cost of the acquisition wasn’t disclosed, Agility said the enterprise value is worth approximately $40m. Per the agreement, National Aviation Services will take over the management of Siginon’s business. Management will be primarily focused on the operations of the Nairobi and Eldoret international airports, which function as major aviation and cargo hubs for the African continent. The subsidiary has also taken on the responsibility of handing out nearly a million doses of Covid-19 vaccines at a number of major African airports.

why it matters

Agility's National Aviation Services has played a key role in keeping supply chains flowing smoothly amidst the backdrop of the COVID-19 pandemic. According to CEO Hassan El-Houry, "the partnership with Siginon Aviation is indeed timely.”