Kobo360 adjudged "Disrupter of the Year" at Africa CEO Forum Awards in Rwanda
By Nana Appiah Acquaye
Africa leading tech-enabled transport logistics platform, Kobo360 has been adjudged the "Disrupter of the Year" at the highly acclaimed Africa CEO Forum Awards in Kigali, Rwanda.
Kobo360, emerged winner following a stiff competition from leading African companies, including Jumia, Africa's Talking, Baobab+ and Intouch.
In his acceptance remarks the Co-founder and CTO of Kobo360, Ife Oyedele expressed gratitude for the honor done Kobo360 and announced his outfit intent of spreading it tentacles into Ghana and Kenya in the next coming months.
"What an incredible honour to be named as "Disrupter of the Year" at the Africa CEO Forum Awards. We have spent the last two years fully focussed on executing, at scale, on the enormous challenge of moving goods around Africa - starting with Nigeria, but quickly expanding to Togo, Ghana and Kenya”, he said.
"Kobo360 is building proprietary AI technology to disrupt the $150Bn logistics value chain on the continent, with the view to moving beyond borders in the coming years; we are positioning ourselves as a global logistics operating system [G-LOS] - starting with Africa first. If we can conquer cargo on the continent, we know we can move into other markets,” Oyedele added.
Backed by international and African investors, including International Finance Corporation [IFC], Y Combinator and TLcom, Kobo360 seeks to build a global logistic operating system [G-LOS] that will power trade and commerce across Africa and Emerging Markets. Positioned as key trading and transport hubs on the African continent, the new territories have seen almost exclusively double-digit growth Togo [12%], Kenya [10%] and Ghana [7.9%], and Kobo is now strategically positioned to grow with them.
The company is currently rolling out a beta operation in Ghana, recording over 100 trips and collaborating with clients such Olam Ghana, and expects to test the Kenyan market further, in the coming weeks, where the team will meet with drivers and equip them with the tools they need to run trips effectively, while also imbuing our culture and brand affinity with the supply chain. In Nigeria, Kobo360 has stood at the forefront of logistics, covering over 80% of the country and recording a 40% cost reduction in the supply chain. The company now plans to aggressively extend to other key markets and expects to be in nine African countries before the end of 2019.
Each year, the Africa CEO Forum Awards reward companies and investors who have made a significant contribution to Africa's growth. Over the last six years, more than 160 African and international companies and investment funds have been nominated, as well as more than 50 CEOs, emblematic figures of African economic vitality representing the entire continent.