Nairobi, Jan. 29 -- Kenyan cold storage and logistics firm Cold Solutions has raised $19 million (about Sh2.4 billion) in debt financing to expand its refrigeration and temperature-controlled transport infrastructure across East Africa, as it seeks to curb waste.

The funding was provided by Mirova, a French-based asset management firm focused on sustainable investments. Cold Solutions said the capital will be used to scale up its cold-chain infrastructure, including expanding capacity at its flagship facility in Tatu City Special Economic Zone (SEZ) in Kiambu County.

The company operates temperature-controlled storage and logistics services in Kenya, Tanzania, Uganda and Rwanda, serving the agriculture and pharmaceutical sectors. Its Ki...