Nigeria’s logistics startup Kobo360 will avail its services in the Kenyan market sometime this year. This development, which is already live, will be made official at the Africa CEO Forum in Kigali, Rwanda this week.
The expansion plans will also be exported to Ghana after the platform started offerings its services in Lome, Togo.
Kobo360 is backed by key investors, including the International Finance Corporation (IFC) and TLcom that have enabled the firm make notable strides in terms of expansion across the continent.
Kenya’s operations will be preceded by a meeting between drivers and the firm that will entail training them with necessary logistics tools needed to run trips effectively.
In Nigeria, Kobo360 has reportedly covered over 80 percent of the country, recording a 40 percent cost reduction in supply chain. This growth is set to be replicated across its new markets that the firm aims to conquer before the year ends.
On the other hand, Bwala Africa Group, a Kenyan logistics company has also announced that it has received a shot on the arm with an unknown amount of funding from Silicon Valley investor Justin Caldbeck. The firm has since expanded to Kampala, Uganda, where it is operating the logistics business.
Kampala’s business has reportedly kicked off well, having made more than 100 deliveries. The Kenyan startup is also signing up additional fleets onto its platform.
Also, Mr Justin will now be a board member of the startup, which launched its operations in January 2018.
Before this funding development, Bwala had received KES 24 million debt financing from CFC Stanbic in September, 2018.