NAIROBI, Kenya- Old Mutual’s African Infrastructure Investment Managers (AIIM) is set to acquire a controlling interest in Bulkstream Limited, a key player in cargo handling and logistics services for bulk commodities in Kenya and Uganda.
This bold move is part of AIIM’s broader strategy to expand its footprint in East Africa’s growing infrastructure sector.
Bulkstream Limited, best known for its operations in terminal management and logistics for local millers and global trading houses, stands to benefit from AIIM’s investment.
With a strong presence in both Kenya and Uganda, the company’s infrastructure plays a vital role in ensuring secure and efficient transport of bulk goods—an area AIIM is eager to develop further.
AIIM, a renowned fund manager controlled by Old Mutual Limited, has been actively managing infrastructure investments across East, West, and Southern Africa.
With its sights now set on Bulkstream Limited, AIIM aims to strengthen logistics infrastructure in East Africa, a region where secure and efficient cargo handling is critical to economic growth.
By acquiring a controlling interest, AIIM can provide the capital and strategic management needed to boost Bulkstream’s operations.
According to the COMESA competition authority, this transaction is unlikely to cause any major disruptions in the market.
There are no significant horizontal or vertical overlaps between AIIM and Bulkstream’s activities that could stifle competition, ensuring a smooth transition for the business.
The proposed deal underscores AIIM’s commitment to supporting sustainable infrastructure in Africa. By focusing on regions with strong growth potential, like Kenya and Uganda, AIIM can maximize its impact while ensuring essential industries like cargo handling receive the support they need.
The COMESA competition authority, tasked with evaluating the merger, has assured stakeholders that the acquisition will not substantially affect market competition.
In its review, COMESA emphasized that the merger aligns with public interest provisions, as outlined in Article 26 of the Regulations. The authority is calling on stakeholders—competitors, suppliers, and customers alike—to submit their feedback on the proposed acquisition.
This regulatory review is a critical step in ensuring that the transaction doesn’t lead to anti-competitive behavior within the Common Market. Stakeholders’ input will help shape the commission’s final decision, further safeguarding the interests of all parties involved.
If the transaction is approved, Bulkstream Limited could experience a significant transformation. With AIIM’s backing, the company would be in a prime position to elevate its infrastructure, potentially leading to more efficient services in cargo handling and logistics across Kenya and Uganda.
The partnership between AIIM and Bulkstream is expected to catalyze long-term growth in the logistics sector, setting the stage for enhanced trade and economic development in East Africa.
