Alistair James: Facilitating business activity, creating jobs in Africa
Challenge: Ground transportation is limited in Sub-Saharan Africa, making it difficult to move basic commodities, aid and other materials, and limiting development and economic activity.
Solution: In 2012, OPIC committed a $7 million loan to Alistair James Co. Ltd. to support the expansion of its regional logistics business in Tanzania.
Impact: Alistair James has a fleet of 89 trucks and is planning to expand to more than 140 vehicles providing transport services to oil and gas companies, the mining industry, freight forwarders, domestic businesses, aid agencies, peacekeeping operations and heavy machinery transport for infrastructure projects in Tanzania, Uganda, Malawi, Kenya, Rwanda, Burundi, Zambia and the Democratic Republic of Congo.
The project is also helping introduce modern technology into the region in the form of fleet tracking and managing systems, and has created about 100 local jobs.
The company reported that its revenue increased 36% to $8.8 million in 2013 over the prior year.
This project was profiled in 2014.