Entrepreneurs leverage technology to transform Africa’s logistics sector
As technologies continue to carve out roles in the global logistics industry, entrepreneurs are already leveraging on it to transform the sector in Nigeria. African logistics companies are using innovative technologies to facilitate more transparency and effective bidding tool for both drivers and customers for optimal delivery.
Indeed, logistics operations in Nigeria have continued to be a major challenge. Specifically, logistics experts said for many businesses, finding the proper truck operators for cargoes is most time difficult and inefficient, as they spend days negotiating with brokers, searching for trusted truck drivers, and pursuing updates on delivery.
To solve this challenge for businesses, using digital platform to match cargo-owners with truck owners, while providing real-time updates throughout the entire delivery process, two entrepreneurs, Obi Ozor, and Ife Oyedele II, co-founded Kobo360.
Kobo360 is a digital logistics platform that uses big data and agile technology to reduce friction and improve efficiency in the African logistics ecosystem.
Recognising the efforts and seamless fast-growing digital logistics platform by the co-founders of Kobo360, a leading global entrepreneur support organisation, Endeavor, has welcomed Ozor and Oyedele, into its global network.
Endeavor is a mission-oriented organisation that is leading the global movement for high-impact entrepreneurship.The group help entrepreneurs behind some of the world’s most exciting scale-up companies accelerate their companies’ growth, and by contributing to building strong entrepreneurship ecosystems in underserved markets like Nigeria. Endeavor is driving economic growth through entrepreneurship.
The Managing Director and Chief Executive Officer, Endeavor Nigeria, Eloho Gihan-Mbelu, said: “We are excited to welcome Kobo360 into Endeavor’s network, which includes some of the world’s most exciting scale-up entrepreneurs and most experienced mentors and investors.
“Fixing Africa’s supply chain is clearly important for commerce on the continent, and Kobo360’s rapid growth over the past three years is evidence that the company’s valuable services are in critical demand. Obi and Ife are inspiring founders and their relentless focus on scaling Kobo360 serves as an inspiration to high-impact entrepreneurs everywhere.”
Speaking on the feat, Co-founder and Chief Executive Officer, Kobo360, Ozor, said: “Focusing on logistics, Ife and I started Kobo360 to not only fix the inefficiencies that exist, but to build opportunities for the businesses we serve and most importantly, the hundreds of thousands of truck drivers across Africa.
“This is a fundamental milestone in Kobo360’s journey; our Global Logistics Operating System (GLOS) will revolutionise supply chain across emerging markets and with Endeavor’s support, we are able to make invaluable global connections that could be leveraged for our expansion and growth.”
Ozor and Oyedele were successfully selected as part of a cohort of 10 entrepreneurs from five markets. With the recent addition of Kobo360, Endeavor Nigeria supports now 16 entrepreneurs who lead 10 scale-up stage companies in Nigeria, spanning fintech, renewable energy, entertainment, logistics and retail.