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Nigerian logistics startup Kobo360 eyes a pie of Kenyan market
Photo Caption: Enobong-Kennedy-Kobo360-Head-of-Marketing-Communications-Africa
By Steve Umidha
Nigerian logistics startup, Kobo360 will formally launch its operations in Kenya on Thursday with a wider eye on the $150 billion African logistics industry.
Through its application, the company unites a community of cargo owners, truck owners, truck drivers and cargo recipients, to ensure a smoother, more efficient logistics supply chain.
The firm will initially eye the Port of Mombasa which is one of the most connected ports in Africa and will enable Kobo360 to strengthen its links across East Africa and the continent, in order to improve global logistics through fast and low-cost movement of goods.
Launched in 2016, 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.