Nigeria logistics firm Kobo360 targets regional growth with Kenya’s launch

Kobo360, Nigeria’s technology logistics platform, formally launched its operations in Kenya with a wider target for East and Southern African markets.

The firm’s head for Africa business Ms. Kagure Wamunyu said Thursday the company was betting big on its full-bodied and inventive platform to grow its Kenyan market and beyond.

Currently the tech company which has been operating locally for slightly over five months commands about 40 per cent of all e-logistics businesses.

“What gives us confidence is our pioneering infrastructure and the response we have seen in the market thus far,” she said during the formal brand launch.

Launched in 2017, the e-platform which aggregates end-to-end haulage operations to help cargo owners, truck owners and drivers, as well as cargo recipients last year raised a total of US$7.2 million and has already expanded to Togo and Ghana and has been tasting Kenyan waters silently.

In 2018 the startup raised a separate US$30 million debt and equity funding through Goldman Sachs to for its expansion drive across the continent.