ZIMBABWE’S transport and logistics firm, Unifreight Africa Limited formerly Pioneer, is pursuing a US$2,08 million acquisition of an 86,67 percent stake in Cheetah Express Logistics Private Limited.
The deal, executed with Runcourt Investments (Private) Limited, will see Unifreight – a Zimbabwe Stock Exchange listed firm acquire both direct and indirect shareholdings, giving it effective control of the business.
Valued at about 15,7 percent of Unifreight’s market capitalisation on the local bourse, the transaction introduces a service-driven, high-margin revenue stream, reducing reliance on traditional freight cycles.
In a statement the group said the integration will unlock efficiencies in administration, procurement and route planning, improving cost structures and profitability.
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.
Unifreight Africa Limited is a leading transport and logistics group. Its customer-facing brand, Swift, was founded in 1946 and has spent eight decades building one of Zimbabwe’s most trusted logistics networks.
Unifreight offers comprehensive logistics and freight services to sub-Saharan Africa through its network of leading brands which specialize in bulk freight transport; bulk liquids and specialized products; collection and distribution; volumetric and household removals; contract hire; national and international courier services; cross-border freight and regional trade corridor solutions; and fourth-party logistics and supply chain management.
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 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.
“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.”
