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IFC-Backed Uber of Trucks Reshapes Nigeria’s Haulage Market

  • Lagos-based Kobo360 has moved $2 billion cargo in two years
  • Firm got $20 million in funding round led by Goldman Sachs
NIGERIA-TRANSPORT-MARITIME-STRIKE

Photographer: Stefan Heunis/AFP via Getty Images

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An Uber-like App for trucks is making it easier and cheaper for firms to move goods in Africa’s most populous nation.

Freight logistics startup, Kobo360 is using technology to connect cargo and truck owners with drivers and customers. Logistic managers can now schedule and monitor trips from the comfort of their offices, Kobo360 CEO Obi Ozor said in Lagos interview.