en.Wedoany.com Reported - CEVA Logistics and Nigerian logistics company EFL Africa have announced the establishment of a joint venture, CEVA EFL Limited, in Nigeria. This collaboration aims to expand both companies' business footprints and strengthen their presence in key global markets.

As one of the largest and most dynamic logistics markets in the world, Nigeria serves as a strategic gateway to West Africa. The new joint venture will enhance the combined position of both companies in Nigeria, solidifying their roles in the West African logistics ecosystem. CEVA EFL will combine EFL's local operational capabilities in Nigeria with CEVA Logistics' global network spanning over 170 countries to provide end-to-end logistics services.

The joint venture will offer Nigerian customers a range of integrated services, including dedicated barge operations. Containers can be transported via barges from Lagos ports to inland container depots (ICDs), reducing reliance on road networks and shortening transit times. The joint venture's comprehensive ICD infrastructure includes 140,000 square meters of ICD space at two locations in Ikorodu and Apapa, as well as an export processing terminal (EPT). Additionally, the joint venture provides customs clearance services through a licensed in-house team. The partnership between EFL and CEVA Logistics creates value for Nigeria by introducing a global logistics leader, facilitating knowledge transfer, and supporting EFL's accelerated growth.

Sylvain Kluba, Vice President of Finance for CEVA Logistics IMEA (India, Middle East, Africa), stated that this joint venture represents a "bold step" in CEVA's commitment to connecting Nigeria and West Africa with the world, combining global reach with local knowledge to provide seamless and reliable solutions for customers and create a logistics ecosystem that drives growth. Yemi Adunola, CEO of EFL, added that this collaboration highlights the shared vision of transforming logistics in Nigeria and West Africa, leveraging combined strengths to address market challenges and create value for customers.

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