Africa Oilfield Logistics announce Land Lease in Northern Kenya to Establish Logistics Hub
Africa Oilfield Logistics Ltd, the AIM listed African focussed support services and logistics company, is pleased to announce that Ardan Risk & Support Services (‘Ardan’), the Company’s primary investment, has entered into a 15 year lease over a sizeable land plot in Northern Kenya, which will be used for warehousing, fuel distribution, cold storage and fleet maintenance.
This land, which will develop into the first of several planned logistics hubs will support Ardan’s Technical Division and its expanding operations in Northern Kenya centred on the rapidly growing oil exploration and production industry in the region. In addition to the lease, negotiations are ongoing for an option over a further 25 acres of land in the vicinity to further support the Company’s long term regional expansion plans.
Carl Esprey, Chief Executive Officer of Africa Oilfield, said: “Establishing a logistics hub in the burgeoning energy and natural resource destination of Northern Kenya will be a key differential for our business over the coming years.
The development of warehouses and infrastructure for fuel distribution, cold storage and fleet maintenance will enable us to meet the needs of companies in the region, and in time, we will also be able to offer warehouse space directly to our clients on a lease basis creating an additional revenue stream.”
Source: Africa Oilfield Logistics Ltd