Private equity firm Spear Capital has completed its investment into FML Logistics Private Limited, a Zimbabwean-registered company focused on the transportation of petroleum products in sub-Saharan Africa. Spear Capital has made the investment to buy out current shareholders and to meet the need for replenishing FML’s trucking fleet.

In sub-Saharan Africa, road-based fuel transportation is critical, especially as large parts of the region aren’t served by pipeline or rail infrastru...

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