Kenyan businessman Peter Muthoka has sold his airport cargo handling firm at Jomo Kenyatta International Airport, a deal cleared by competition regulators and billed as a new entry into East Africa for international operator Celebi.
The Competition Authority of Kenya said it approved Celebi Cargo GmbHs purchase of the entire issued share capital of Muthoka's Transglobal Cargo Centre Ltd without conditions, saying it did not expect the transaction to reduce competition or trigger public interest concerns.
Transglobal operates at Nairobis main airport under the business name Africa Flight Services, widely known as AFS. The company provides ground and cargo services including handling and warehousing, work that sits at the heart of Kenyas export machine for fresh flowers, vegetables and other time sensitive goods.
