Nigerian logistics startup, Kobo360, has won the Disrupter of the Year award at the 2019 Africa CEO Forum. Held in Kigali, Rwanda, the Africa CEO Forum Awards is an annual ceremony that brings together country leaders and industry stakeholders to celebrate the best of African business.
This year’s event marks the 7th edition of this continental forum. The event usually brings together thousands of delegates from across the continent and beyond. And over 200 companies, investors and CEOs have been nominated for this award ceremony over the last five years.
Some of the dignitaries at this years event includes, Rwanda’s President Paul Kagame, Felix Tshisekedi of Democratic Republic of Congo, Sahle-Work Zewde of Ethiopia and Faure Gnassingbe of Togo.
The Disrupter of the Year award recognizes a company that has significant growth potential in Africa and whose activities are disruptive in nature. The company must be operating in the finance, health, agriculture or energy sector and must be established less than 10 years ago.
Kobo360 edged other nominees in this competitive category to win this highly coveted award.
These other nominees include; ecommerce startup, Jumia; API platform for African software developers, Africa’s Talking Ltd; digital finance company, Baobab+; and fintech startup, Intouch.
Following its $6 million funding, Kobo360 has revealed its plans to expand across Africa. Keeping true to those plans, the logistics startup is now set to launch in Accra, Ghana and Nairobi, Kenya.
Its beta tests in Ghana recorded over 100 trips serving big clients such Olam Ghana. In Kenya, the startup’s team will be meeting with drivers to equip them with the tools they need to run trips effectively.
The startup will officially launch in Ghana on 4 April, and in Kenya by May 2019. Kobo360 plans further expansion by aggressively extending to other key markets on the continent. The startup expects to be in nine African countries before the end of 2019.
“Kenya is the hub of East Africa, it is the most innovative market in Technology and if we win here, we have won across the region. From here we will expand to Uganda and Tanzania. By adding Ghana to our West African territories of Togo and Nigeria, we will link all the market to a Global Logistics System and this will help us to serve our customers across a seamlessly lined Pan-African market”
Ife Oyedele, Co-founder and CTO of Kobo360
This expansions represents a giant stride for the 3 year old startup. It also opens it up to newer competitions from other logistics startups such as Lori, Sendy and Bwala in East Africa.