US logistics-tech firm Pigee is acquiring a 55% stake in Nigerian startup ShipAfrica to expand into West Africa.
TL;DR
US-based Pigee will acquire a controlling 55% stake in Nigerian logistics startup ShipAfrica in three stages over the next 18 months.
The acquisition will be funded via a combination of cash and equity, with ShipAfrica retaining its brand, name, and current team of over 10 employees.
Intelligence
ShipAfrica founder Walter Isoko will remain as CEO, bringing local operational network and hub relationships to the partnership.
This transaction highlights a growing trend of foreign tech firms acquiring established local players in Nigeria to bypass complex physical infrastructure gaps and high cross-border trading costs.
Pigee's capital injection and software integration are poised to scale ShipAfrica's physical hub network.
This consolidation will likely intensify local competition for Nigerian e-commerce merchants seeking affordable regional and international shipping options.
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