Tag: Transglobal Cargo Centre
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Why Peter Muthoka Sold Transglobal Cargo Centre to Celebi Aviation for Sh5.17 Billion
Overview: A landmark deal in Kenya’s logistics sector In a move that underscores the growing appetite for regional aviation logistics, billionaire Peter Muthoka has sold his airport services firm, Transglobal Cargo Centre, to Istanbul-based Celebi Aviation for approximately Sh5.17 billion (roughly $40.1 million). The deal, one of the largest in Kenya’s logistics market, marks a…
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Why Peter Muthoka Sold Transglobal Cargo Centre for Sh5.17bn
Background: A landmark deal in Kenya’s logistics sector The sale of Transglobal Cargo Centre, the airport services firm led by billionaire Peter Muthoka, to Istanbul-based Celebi Aviation for about Sh5.17 billion ($40.1 million) marks one of the most significant transactions in Kenya’s logistics market. Coming at a time when the cargo and aviation supply chain…
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Why Peter Muthoka Sold Transglobal Cargo Centre for Sh5.2bn: Kenya’s Logistics Shake-Up
Overview: A landmark deal in Kenya’s logistics market The Kenyan logistics sector has just witnessed one of its most significant transactions in recent years. Billionaire businessman Peter Muthoka has sold his airport services firm, Transglobal Cargo Centre, to Istanbul-based Celebi Aviation for approximately Sh5.17 billion (about $40 million). The sale represents a major milestone for…