Africa Deal Deepdive: TruckCity Annex

Africa Deal Deepdive (ADD) is a curated intelligence series that dissects high-impact transactions shaping Africa’s investment landscape. Each edition unpacks a notable deal, highlighting the players, strategy, structure, and implications, offering investors and stakeholders actionable insights grounded in context and analysis. ADD is where capital meets clarity.

Featured deal: TruckCity Annex

TruckCity Annex is a strategically located logistics hub 19 km from Lekki Deep Seaport in Lagos, designed to ease severe truck congestion in the fast-growing Ibeju Lekki Corridor. It offers a licensed 200-bay truck park, along with cold storage, flexible warehousing, and truck servicing facilities.

The project addresses a critical lack of transit parks and commercial storage, introducing short-term, cubic meter-based warehousing ideal for high-turnover importers. With signed agreements from major logistics players like Dangote, Jumia, and Konga, TruckCity Annex has strong demand assurance and a first-mover advantage—no competing completed facilities exist.

Projected IRR

50.3%

Projected NPV

₦41.8bn

Phase 1 to operation

180 days

Supported by top-tier partners (ARUP, Craneburg, Clarke Energy), it offers reliable execution and scalable infrastructure. Phase 1, operational within 180 days, will fund Phase 2 expansion, making it a bankable and impactful investment opportunity.