Dear Investors, Stakeholders & Partners, We are very excited to share our JAS ‘24 update on our progress at Fulfil Africa! As always, your continued support and investment in our vision for revolutionizing the logistics industry has remained invaluable and consistent. Key Achievements: Market Penetration: We launched our Jos operation in Q2 in line with our expansion strategy in addition to strengthening our middle belt and northern regional operations thereby increasing our footprint in the country to better serve our Nigerian clients. Technology Integration: Our integrated tracking and analytics platform (Phase #1) launched in Q1 continues to deliver operational efficiencies. We are on track to expand the solution to more last mile and line haul service clients. Fleet & Warehouse Expansion: Our planned fleet and warehouse expansion for H2 was rescheduled until Q1, 2025 behind client demand softness and Fx challenges. We continue to maximize the current fleet and warehousing footprint as we provide our clients with exceptional service resulting in Q3 daily peak shipment growing ~2X vs Q1. Sustainability: We launched a Diesel to CNG conversion service in line with our commitment to sustainability and expect the ilot to conclude in Oct/Nov. Ahead of rollout in Nov./Dec. 24. Talent Acquisition: We expanded our service offering to tackle the growing challenge of trained and qualified logisticians in the market by launching a logistics talent training, recruiting and outsourcing service. Our clients are reporting positive results from our initial batch of ~250 associates deployed after the pilot. We look forward to strengthening and expanding this new service in line with our mission to provide E2E services. Financial Highlights: Revenue: Topline grew 2X per Qtr. (7X vs Q4, 2023) as we continue to execute our strategic initiatives, expand our customer base, service offerings and grow market share. We are working to deliver a 3X per Qtr. growth in 2025. Margins: YTD margins remain flat at break-even reflecting sustained cost management efforts and operational efficiencies offsetting significant NGN forex & diesel pricing headwinds YTD. We project to grow EBIT to positive single digits in 2025 (vs previous plan of H2) from current breakeven. This is in line with our commitment to delivering long-term profitability, and sustainable growth. Investment Allocation: 100% of raised capital in H1 was committed to technology development, and new product launches in line with our strategic plan. We anticipate our next raise in Q1, 2025 to support our growth ambitions. We would appreciate your support to introduce us to either a potential client or/and asset provider within your network. Thank you for your unwavering support and confidence in Fulfil Africa. Warm regards, Oluwaseyi Onasanya (CEO, Fulfil Africa) for the team!
Fulfil Africa
Transportation, Logistics, Supply Chain and Storage
Empowering Growth by Simplifying Logistics Across Africa
About us
Welcome to Fulfil.Africa - Your trusted partner for seamless logistics solutions across the African continent. We are dedicated to empowering businesses with end-to-end fulfillment services, enabling growth, and expanding market reach. With a commitment to excellence and innovation, we streamline logistics operations, ensuring efficiency and cost-effectiveness for our clients. Join us in revolutionizing the logistics landscape in Africa and unlocking new opportunities for business success. Connect with us to learn more about how Fulfil.Africa can elevate your logistics strategy and drive sustainable growth.
- Industry
- Transportation, Logistics, Supply Chain and Storage
- Company size
- 2-10 employees
- Headquarters
- Lagos
- Type
- Self-Owned
- Founded
- 2023
Locations
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Primary
Lagos, NG
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Abuja, NG
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Port Harcourt, NG
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Kano, NG
Employees at Fulfil Africa
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Peter Ajayi
Receivable Specialist || Business Development Expert || Finance Analyst
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Simon Imeje
Electronic and Telecommunications Engineering Business Development Manager Health Safety and Environment Expert Procurement Logistics and Supply…
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Ugochukwu Amajor
Software Engineer - Node.js | Angular | Typescript | JavaScript | NestJs | ExpressJs | TypeORM | Mongoose | Postgres | MongoDB
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Oluchukwu Nwaka
Corporate Virtual Assistant | Streamlining Operations, Enhancing Efficiency
Updates
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We're open and accepting orders when on the weekends! #tgif #delivery #LogisticsGoals #WeekendVibes
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Book a Delivery from the Comfort of Your Home and We Will Deliver Excellence! At Fulfil Africa, we understand the importance of convenience and reliability in logistics. Our goal is to make your shipping experience as seamless and stress-free as possible. Why Choose Fulfil Africa? Ease of Use: Book your delivery with just a few clicks, right from the comfort of your home or office. Reliable Service: Our team is committed to ensuring your shipments are delivered on time, every time. Excellence in Every Step: From pickup to delivery, we handle your goods with the utmost care and professionalism. Whether you're a business needing regular shipments or an individual sending a one-time package, we have you covered. Experience the difference with Fulfil Africa and see why we are the trusted name in logistics across the continent.📦 Ready to get started? Book your delivery now and let us handle the rest!#fulfilafrica #LogisticsExcellence #ConvenientShipping #EffortlessDelivery #CustomerSatisfaction
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Trust us to deliver efficiently and effectively! At Fulfil Africa, we pride ourselves on our ability to meet your logistics needs with precision and reliability. From the moment you place your order to the final delivery, our dedicated team ensures a seamless process. Send in your orders now! #fulfilafrica #LogisticsGoals #LogisticsStrategy #effectivedelivery
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Happy Monday! Here are the services we offer and you can trust us to deliver excellence every step of the way. #monday #LogisticsGoals #LogisticsExcellence #DeliveringExcellence #delivery #FastAndReliable #NewWeek
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Welcome to July! Looking to inflation-proof your business and optimize your logistics operations in the second half of 2024? Fulfil Africa is your one-stop solution for all your logistics needs in Nigeria. Here's why we're the best option for your business: * Cost-Effectiveness: We offer competitive rates and help you identify areas to optimize your logistics spend, saving you money in the long run. * Efficiency: Our streamlined operations ensure your shipments get delivered quickly and reliably, reducing transit times and improving customer satisfaction. * Expertise: Our team of logistics specialists has extensive experience navigating the complexities of the Nigerian market, ensuring a smooth and hassle-free experience for you. * Technology-Driven: We leverage advanced technology to provide real-time shipment tracking and data analytics, giving you complete visibility into your supply chain. Don't let inflation eat into your profits or slow you down. Contact Fulfil Africa today and let's discuss how we can help you achieve your business goals! Reach out to us for a chat today: +234 815 674 4417 #July #BusinessGrowth #LogisticsOptimization #Nigeria 🇳🇬
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As we bid farewell to another month, let's keep the momentum going strong. June holds endless opportunities for seamless deliveries and streamlined operations. Ready to elevate your shipping game? Let's make it happen! 💼🌟 #GoodbyeMay #HelloEfficiency #LogisticsGoals
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At Fulfil Africa, we're shipping out loads of joy and smiles today! Just like our logistics, children are the packages of the future—full of potential and ready to be delivered to greatness. Let's ensure they have smooth journeys, no detours, and lots of happy stops along the way. Keep dreaming big, little ones, because you're the best cargo we could ever have! 🚚✨ #ChildrensDay #FutureCargo #FulfilAfrica
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Joining forces with fellow business owners to streamline the delivery journey! Together, we're rewriting the logistics playbook for seamless operations. 🚚✨ #CollaborationWins #SmoothDelivery