Logidoo, a Pan-African logistics startup, has received a $50,000 grant to promote AI solutions in Africa’s logistics market. This capital was provided by The International Development Research Centre (IDRC) in Canada
Logidoo plans to simplify transactions and streamline transport operations. This will make logistics processes more efficient and accessible across Africa.
The funding will help develop innovative AI solutions. These solutions aim to improve efficiency, transparency, and affordability in the logistics market.
The company was founded in 2019 and aims to establish a highly efficient network. They also seek to reduce operational costs and transit durations.
Moreover, they are focusing on improved customer satisfaction. These improvements will empower African businesses to expand into new markets.
Earlier this year, Logidoo raised $1.55 million in seed funding. The funding came from a consortium of venture capitalists, including Nigeria’s Founders Factory Africa. The money will help expand logistics solutions to Senegal, Morocco, Ivory Coast, and Tunisia.
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Ambitious Goals for AI Solutions
The new AI-focused investment will develop intelligent algorithms. These algorithms will optimize delivery routes, cut travel times, and reduce fuel consumption.
Part of the funding will automate tasks and provide predictive maintenance. This will help prevent costly breakdowns.
Logidoo has set ambitious targets. The company aims to reduce delivery times by 20% and cut operational costs by 15%. They also plan to increase on-time delivery rates by up to 95%.
In the next two years, Logidoo plans to expand operations to 10 new African countries. The company expects to increase its customer base by 50%.
Beyond improving logistics, these advancements will make services accessible to businesses of all sizes. This will contribute significantly to Africa’s economic growth.
“Our vision goes beyond immediate gains. AI-powered logistics solutions are key to unlocking the full potential of African economies.” Ousmane concluded.