Africa’s logistics market, despite being valued at $180 billion remains one of the most inefficient sectors that continue to drag the economy. Jhaki, a novel logistics start up fresh in the scene is poised to unlock new possibilities in Africa’s logistics sector by trailblazing tech-enabled multi-modal (road, waterways and railway) connectivity capable of efficiently linking transporters with cargo owners and achieving improved efficiency levels in logistics marketplace operations.
Just 8 weeks after its launch in Lagos, Jhaki (www.jhaki.com) platform has achieved 921 trips (1716 TEUs) serving retail customers looking to speedily move cargo from the heavily congested Apapa ports to several parts of Lagos and the south west of Nigeria.
‘’We are excited at the response so far by retail customers, SMEs and Large corporates in leveraging real time technologies to manage all their shipments on one smart and convenient platform”, explains Yemi Kush, Business Development Lead for Jhaki technologies, developer of the Jhaki App.
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With the jhaki App, Cargo Owners can find trucks at a competitive price for their shipments, hence enabling businesses save cost and time whilst enjoying real-time visibility on the progress of their shipment(s) till the last mile with our advanced truck monitoring systems.
Jhaki is currently on-boarding businesses several leading corporate organizations across key industries including FMCGs, Agro-commodities Exports, raw materials importers, international logistics companies etc.
We are also working with a number of leading insurance companies including Leadway Insurance and Allianz to ensure robust insurance coverage for all trucks being on-boarded on our platform. This move further extends to ensuring that all customer cargo from loading to unloading points are adequately insured.
Commenting on the progress so far Odiete Efe, co-founder, Jhaki, said, “With Jhaki, our passion is to significantly address the inefficiencies in the Nigerian Logistics sector and one area that we have jumped head-on in tackling inefficiencies is in easing port access for exporters looking to reach the international markets.
We have opened up the system to be able to serve exporters looking to seamlessly move their cargo to the ports. The persistent difficulty in accessing the nation’s major seaport, Apapa, is taking its toll on movement of non-oil exports; this can be addressed with our multi-modal freight matching platform. According to a Bloomberg report, Gridlock and inefficiency at Lagos ports, delayed shipment of 50,000 tons of cashew nuts worth $300 million. The delays caused some cashew traders to default on contracts and inability to meet up with buyers or get fresh contracts.
According to a recent PWC Report, Nigeria agriculture experts are of the view that the country has the potential to generate US$40 billion annually from export of agricultural goods. Working with our carriers and logistics infrastructure partners, our platform combines barge services with last mile trucking to deliver value to exporters.
Jhaki, launched in August 2019, uses technology to match a shipper with a carrier and facilitates transparent pricing and efficient route planning that helps truck owners and fleet operators optimize time and reduce fuel expenses of their fleet. It also enables infrastructure around trucking including payments, insurance, financial services.
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