Pigee, a US company that makes software for international shipping and logistics, has agreed to acquire a controlling 55% stake in ShipAfrica, a Nigerian logistics startup, according to reports published from September 10, 2026.
The deal will be completed in three stages over 18 months and paid with a mix of cash and equity. Neither company disclosed its value.
ShipAfrica will keep its name, its management and its team of more than 10 employees. Founder and chief executive Walter Isoko will stay in charge. Pigee becomes the majority shareholder once all three stages are complete.
What ShipAfrica built
Isoko founded ShipAfrica in Nigeria in 2022. The company runs a platform for individuals, merchants and third-party logistics firms that brings together shipping options from several local and international carriers, and supports packaging, delivery, tracking and fulfilment.
ShipAfrica says it covers more than 200 countries and has more than 200 drop-off and collection points in Nigeria. Its customers are largely African businesses that want to send goods within their own markets and abroad.
In practice that means a Nigerian merchant can compare prices from several couriers, book a shipment, drop the parcel at a nearby collection point and follow it to its destination from one account, instead of dealing with each carrier separately.
The startup processed more than NGN 7 billion (about $5.3 million) worth of shipments in 2025. Its 2024 industry report recorded more than 50,000 shipping transactions and more than NGN 4.5 billion in goods shipped for more than 3,000 African businesses.
Why Pigee is buying
Pigee's platform lets businesses compare carriers, automate some customs paperwork, print labels and track parcels. It says it is integrated with more than 100 carriers and covers more than 220 countries and territories.
For Pigee, the attraction is market access. Buying into ShipAfrica gives it local infrastructure, existing carrier relationships and business customers in Nigeria without having to build them itself, which would take years. Nigeria is meant to be its first significant operating base in West Africa, from which it plans to expand to other African markets.
The staged structure also lets Pigee spread the cost of the deal over a year and a half, paying partly in its own equity rather than entirely in cash.
For ShipAfrica, the arrangement means Isoko and his team keep running the business they built while gaining a larger shareholder with technology and carrier integrations that would be costly for a startup of its size to develop on its own.
What happens next
Pigee plans to bring its technology for international shipment management, tracking, payments and customs processing into ShipAfrica, and to integrate the two companies' systems step by step. The priorities it has set out include better shipment tracking, more carrier integrations, more tools for business customers and better settlement.
For small African businesses selling online or exporting, the stated aim is to cut the number of intermediaries and tools needed to ship goods across borders and to make international delivery more predictable.
Because the deal is staged, ShipAfrica will operate under its own brand during the transition. Pigee describes the investment as the first part of a wider African logistics network.
Deal-making in African logistics
Cross-border shipping is a persistent cost for African e-commerce sellers, who often depend on a patchwork of couriers, freight forwarders and customs agents. Platforms such as ShipAfrica try to hide that complexity behind a single interface, and foreign logistics-tech companies looking to enter the region have an incentive to buy rather than build local networks.
The structure of the Pigee deal, a majority stake bought over 18 months with part of the price in equity, is also typical of a market where buyers are cautious with cash and sellers keep running their companies after a sale. ShipAfrica's founder keeps control of day-to-day operations while gaining a larger partner's technology and reach.
