Unifreight targets US$2m logistics deal

Transport and logistics firm, Unifreight Africa Limited, is pursuing a US$2,08 million acquisition of an 86,67 percent stake in Cheetah Express Logistics (Private) Limited, in a strategic move set to reposition the company within Zimbabwe’s fast-evolving logistics sector.

Cheetah Express is the sole authorised Global Service Participant for FedEx Express in Zimbabwe, giving Unifreight immediate access to the high-growth express courier market and strengthening the country’s linkage to global trade networks.

“The Board of Directors of Unifreight Africa Limited is pleased to advise shareholders and the investing public that the Company has entered into a Sale of Shares Agreement for the acquisition of an effective 86.67% shareholding in Cheetah Express Logistics,” the company said in an acquisition announcement on Thursday.

The acquisition marks a significant step in Unifreight’s growth strategy, providing immediate entry into the high-growth express courier segment and strengthening Zimbabwe’s connection to the global economy.”

The deal, executed with Runcourt Investments (Private) Limited, will see Unifreight acquire both direct and indirect shareholdings, giving it effective control of the business.

Valued at about 15,7 percent of Unifreight’s market capitalisation, the transaction introduces a service-driven, high-margin revenue stream, reducing reliance on traditional freight cycles.

The group said the integration will unlock efficiencies in administration, procurement and route planning, improving cost structures and profitability.

“As Swift, Unifreight’s customer-facing brand, marks 80 years of operations in Zimbabwe, this acquisition represents a significant milestone in the Group’s continued growth.”

The move is seen as a decisive shift towards integrated, end-to-end logistics, positioning Unifreight to capitalise on rising demand for fast, reliable global delivery services.