Accelerating trade needs a vibrant logistics industry, according to Mr Meshack Alloys, a key player in the sector.
Speaking during an event to announce the entry of Sendy in Uganda, Mr Meshack, the company’s chief executive officer and co-founder said: “We want to be part of the immense impact that the logistics industry will create in the economy as well as formalising the informalities in the logistics sector to spur trade.”

A properly developed logistics sector, he said, will not only accelerate trade but also increase efficiencies while adding value across the economic value chain.

Uganda being a land locked country, Mr Meshack said, needs an efficient logistics industry that is capable of becoming a key determinant in the overall performance of the economy.

The logistics industry in Uganda continues to grow and it is considered as one of the backbones that can spur economic growth with properly planned investment.

According to sector estimates, at least 200,000 people are currently engaged in the logistics industry, whose capacity if well harnessed, can take in as many more people as possible.

According to policy experts, the success of logistics sector as whole is dependent on routinely attracting new and dynamic industry players.