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Obi Ozor, Kobo360 CEO Scoops Two Awards @ All Africa Business Leaders Awards

Obi Ozor, Co-founder and CEO of Kobo360, has been named ‘Young Business Leader of the Year’ and ‘Innovator of the Year’ at the 9th All Africa Business Leaders Awards [AABLA] in partnership with CNBC Africa in Johannesburg, South Africa.

Obi Ozor
With over six years of logistics and supply chain experience, Obi Ozor, manages all key aspects of Kobo360 including operations, investments, compliance risk management and product growth.
Prior to founding Kobo360, Obi was the Operations Coordinator at Uber Nigeria; his career also saw him work in investment banking at J.P. Morgan. In 2016, Obi left Uber and with his Co-founder Ife Oyedele II, Kobo360 was launched in a bid to disrupt Africa’s $150bn logistics sector through the power of technology. Since then, the team has raised $37.3m in institutional investment from global VCs, as well as build a truly pan-African logistics brand.
Speaking on the double win, Kobo360 co-founder and CEO, Obi Ozor says, “I am extremely honoured to be the recipient of the ‘Young Business Leader’ and ‘Innovator of the Year’ awards, and grateful to CNBC Africa for supporting the Kobo360 narrative over the years as well as bringing Africa stories to Africans and the rest of the world.
“Our story is one which young business leaders can resonate with – turning African problems into African opportunities, for the benefit of the entire continent and its people. However, in the logistics sector, our focus has not been exclusive to one group of people.
Kobo360 is for our drivers, it is for SMEs and it’s also for major businesses who need to move goods. These are groups who have all felt the pain points of the current fragmented logistics sector and we are continuously committed to innovating around their needs.”
Backed by international and African investors, including Goldman Sachs, International Finance Corporation [IFC], Y Combinator and TLcom, Kobo360’s tech-enabled full truckload offering enables the development of an efficient supply chain for end-to-end long-haul freight operations, connecting and supporting cargo owners, truck owners & drivers, and cargo recipients at scale.
To date, the company has moved 500Mkg of goods, aggregated a fleet of over 17,000 drivers and trucks, and services over 600 SMEs and works with over 80 large enterprises such as Dangote Group, DHL, Unilever, Olam, African Industries, Flour Mills of Nigeria, and Lafarge.
With operations in Nigeria, Togo, Ghana and Kenya, the e-logistics company is building a Global Logistics Operating System [G-LOS] that will power trade and commerce across Africa and emerging markets.
Ozor concludes: “Winning this award would not have been possible without the inspiration I have received from my family, my Co-founder Ife Oyedele, the Kobo360 team located across Africa and of course our investors, for whom I have the deepest respect for.
“We will only get better at what we do and remain committed to building a world-class organisation that will drive efficiency, reliability and affordability across the global supply chain ecosystem.”
The AABLA in Partnership with CNBC Africa is an empowerment driven initiative intended to distinguish and uphold the achievements of inspiring corporate front-runners on the African continent.
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EFCC Arraigns Two FSDH Bank Officials Over $307k, €50k Fraud


EFCC
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AfDB Supports Francophone Africa Start-ups with €6.5M

The African Development Bank Group last week approved an investment of €6.5 million in the Saviu II fund in order to support technology start-ups through their seed phase and first institutional fundraising, mainly in French-speaking Central and West Africa.

The Bank will invest €4.5 million as equity and €2 million as a first-loss hedging tranche on behalf of the European Commission, under the Boost Africa Programme.
This participation of the Bank Group will enable the Saviu II fund to give priority to companies with a strong technological or digital component.
Saviu II, the second investment vehicle of Saviu Partners, plans to invest between €500,000 and €3 million in about 20 technology or technology-oriented business-to-business start-ups in the seed phase or carrying out first institutional fundraising.
The Saviu II venture capital fund aims to make at least 60% of its commitments in the French-speaking countries of West and Central Africa: Côte d ‘Ivoire, Cameroon, Benin, Senegal, Togo, Burkina Faso and Mali.
The fund can also co-invest in promising technology companies in East Africa that have a strong team and business model, and whose strategy includes entering the market in French-speaking West African countries and establishing a strong presence there.
In addition, the fund will devote a dedicated envelope to pre-seed investments, focusing on minority equity investments, usually in co-investment with studios, incubators or other ecosystem partners.
News
Nigeria Inks $1.3bn MoU with AFC for Alumina Refinery, Mining Push

Nigerian Government has signed a $1.3 billion Memorandum of Understanding (MoU) with Africa Finance Corporation (AFC) via the Solid Minerals Development Fund (SMDF) to fund an alumina refinery, national geoscience mapping, and a strategic investment vehicle for mining growth.

Special Assistant to the Minister of Solid Minerals Development, Segun Tomori, said the refinery will process one million tonnes of bauxite yearly using a modern Bayer process, powered by an on-site gas-fired cogeneration plant.
Minister Dele Alake called it a transformative milestone boosting GDP, aligning with reforms that improve investment climate, regulations, and licensing to attract private capital. He directed agencies to fast-track permits.
The 20-year project at 95% utilization eyes 19 million tonnes total output, $1.2 billion annual GDP addition, $25 billion economic impact, and $8 billion forex earnings, per feasibility studies.
SMDF Executive Secretary Fatima Shinkafi termed it the agency’s biggest funding deal, supporting value-addition policy.
The partnership extends to geoscience mapping for mineral data, de-risking exploration, and a joint vehicle for mining assets.
Permanent Secretary Engr. Farouk Yabo praised the reforms. Shinkafi signed for government; AFC’s Franklin Edochie for the corporation, witnessed by AFC CEO Samaila Zubairu.
Tomori positioned it as Nigeria’s largest private mining investment and FDI magnet.
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