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Kobo360 Expands to Kenya to Power Coast-to-Coast Pan-African Logistics

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Kobo360, the African e-Logistics start-up, announced it has launched its operations in Nairobi, Kenya, marking the company’s first physical expansion into East Africa. The new regional office, led by Kobo360 CEO – African region, Kagure Wamunyu, comes as the company looks to foster seamless intra-African trade by connecting and supporting cargo owners, truck owners & drivers, and cargo recipients.

Kobo360 has been in beta operation in Kenya for five months, with access to over 3,000 trucks and truck owners. The company is delivering huge values and positive experiences to Kenyan logistic partners including Bidco Africa, Union Logistics Limited, and Intraspeed ARCPRO Kenya LTD as well as serving millers such as Bakhresa Group, Rafiki Millers and McNeel Millers.

Kenya’s Port of Mombasa is the largest and busiest port in East Africa, handling more than 13 million tonnes every year. The port provides a direct connection to over 80 ports worldwide, whilst serving as a gateway to other East African countries such as Uganda, Rwanda, Burundi, DRC, and Southern Sudan.

As the technology logistics platform revolutionizes the logistics value chain in Africa, currently estimated at $150Bn, Kobo360 is growing its reach in East Africa in order to support the thousands of freight companies who require a safe, reliable and cost effective delivery of their goods to cargo recipients across the region.

Speaking at the official launch event in Nairobi, Wamunyu said, “Kobo360 has a deserved reputation for enabling an agile and connected supply chain, as well as reducing logistics frictions. Over the past five months, our homegrown team have been running operations in beta to ensure that we build a strong fleet of trucks and service businesses in Kenya looking to efficiently move goods.

“As the largest port in East Africa, Kenya’s Mombasa serves as a gateway to other East African markets. Our presence in Kenya means we are in a position to leverage on the nation’s high technology adoption rate in order to fuel logistics in East Africa and beyond.

“We anticipate to strengthen our links across this region, which will bring us closer to building our Global Logistics Operating System (G-LOS) to ensure fast and low-cost movement of goods for businesses on the continent”.

Joining Wamunyu and the Kobo360 team at the launch were Darshan Chandaria, CEO and Director, Chandaria Industries, Rajan Malde, CEO, Pwani Oil and Katsutoshi Nishi, General Manager, Mitsubishi Itochu. Also in attendance was Ateet Jetha, Managing Director of Exxon Group.

Commenting on the official launch, he said, “We are excited to see Kobo360’s presence in Kenya. Since operating in beta, we’ve seen how they utilise technology to power enterprise and the logistics sector. We look forward to building a strong strategic partnership with Kobo360, as we fix supply chain inefficiencies across East Africa”.

Kobo360 efficiently connects end-to-end haulage operations to help cargo owners, truck owners and drivers, and cargo recipients to achieve an efficient supply chain framework.

Through an all-in-one robust logistics ecosystem reducing logistics frictions in supply chain via a combination of Internet of Things (IOT), mobile technology and data analytics.

In less than six hours, Kobo360 matches a user’s request with a selection of quality trucks of all categories, anytime with service delivery guaranteed – no telephones, opaque pricing or expensive middlemen needed.

In 2019, Kobo360 launched in Uganda as well as Togo and Ghana, home to West Africa’s leading container ports, and was named as “Disrupter of the Year” at the highly acclaimed Africa CEO Forum Awards in 2019. Kobo360 recently announced the completion of a $30M fundraise, led by Goldman Sachs


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Inlaks CEO, Femi Adeoti, Wins Top CEOs & Next Bulls Award

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Femi Adeoti, managing director and CEO, Inlaks, Africa’s foremost Information Technology and Infrastructure solutions provider in West Africa, has been announced as a winner of the 2020 Top CEOs & Next Bulls Awards organised by Business Day Media Limited in collaboration with the Nigerian Stock Exchange (NSE).

The MD/CEO whilst receiving the award dedicated it to the management and staff of Inlaks for their relentless service even during these trying times.

He also appreciated the board of the organization that drove changes within the organisation particularly in the pandemic which led to the company being recognized and the customers who have continued to support Inlaks while being ambassadors of all Inlaks’ solutions.

The CEO and Next Bulls awards, the sixth in its series, recognizes the CEOs of listed companies creating competitive shareholder value through sound strategy, disciplined execution and world class governance. In addition, it celebrates chief executives of quoted companies that have demonstrated the most impressive gains in both share price and service delivery.

Themed “Advancing Against all Odds,” this year’s award particularly recognised businesses that have been thriving in spite of the global harsh economic realities.

According to the organisers of the award, the indomitable Next Bulls are the CEOs raging forward at a time when many businesses are choosing to retreat, thus acknowledging Adeoti’s good leadership in the area of corporate governance, innovation and service delivery.

The CEOs award celebrates the CEOs of successful, privately-owned indigenous companies built by Nigerians, led by Nigerians and poised to lead their categories on the continent.

Established in 1982, Inlaks is Africa’s leading Information Technology systems integrator with presence in Nigeria, Ghana, Kenya, Gambia, Sierra Leone, Guinea, Liberia and Cameroon. As solutions provider, it offers core banking, agency banking, fraud management, cyber-security, cloud, data centre, enterprise risk management and software solutions.

Part of the criteria for selecting winners of this year’s awards held virtually on September 5, are stock price appreciation, Profit After Tax (PAT) growth, an unblemished regulatory compliance record, and positive marketplace reputation among customers in the period under review.

Winners are also selected based on significant interest shown by active and informed investors on the Nigerian Stock Exchange to invest in their stock should their boards ever decide to take them public.


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Transcorp Hotels Hard Hit by COVID-19, Mulls Restructuring

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The novel COVID-19 pandemic has caused the African Hotel and Tourism industry to lose over $50bn in revenue.

Transcorp Hotels Hard Hit by COVID-19, Mulls Restructuring

Dupe Olusola, MD, Transcorp Hotels

Amidst this, Transcorp Hotels Plc has suffered unprecedented losses and is looking to restructure the business strategy of its hotels and optimize its operations.

The management of Transcorp Hotels Plc has announced that it will be taking steps to ensure business continuity in the wake of the losses recorded due to the COVID-19 pandemic.

To this end, the hotelier is diversifying its portfolio and reducing its workforce as part of its cost management initiatives.

Mrs Dupe Olusola, managing director, Transcorp Hotels Plc, disclosed this during a Press Conference on Thursday saying “The impact of COVID-19 on the business is like nothing the company has ever witnessed. The hotel and hospitality industry in Nigeria has never faced a crisis that brought travel to a standstill, including the Ebola Virus Outbreak of 2014 and the recession of 2015. The slow pick up of international travel, restriction on large gatherings, the switch to virtual meetings and fear of the virus, has drastically reduced demand for our hotels and occupancy levels to its lowest of less than 5%.”

According to her “Despite the losses incurred we have fulfilled our obligations to staff. At the inception of the pandemic, we maintained a 100% salary payment to our over 900 employees in March and April. We also activated various cost-saving initiatives such as renegotiations of service contracts and restructuring of our loans. We suspended further commitment to buy fixed assets and operating equipment as well as reducing our energy consumption and maintenance costs. Despite undertaking these, it has become apparent that more fundamental changes need to be made for the business to survive. To this end, our workforce headcount will be reduced by at least 40%, and our reward system will be optimized.”

Mrs Olusola further disclosed that negotiations are ongoing to ensure that our colleagues who will be impacted are adequately compensated given the peculiarities of the economy at this time.

A health insurance package to reduce their health burden costs, especially during the pandemic, amongst other payment settlements, will be activated.

Equally, all Executives of Transcorp Hilton Abuja have now taken a pay cut.

As one of the leading hospitality brands in Africa, Transcorp Hotels Plc has stated its commitment to uphold service standards and ensure that all guests continue to experience the warmth and hospitality that it is known for.


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LCCI Announces Date for Virtual Edition of ICTEL Expo

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The Lagos Chamber of Commerce and Industry (LCCI), the premier Chamber of Commerce and a leading voice in the organised private sector (OPS) in Nigeria, is set to host the 6th edition of the Information, Communication, Technology and Telecommunications (ICTEL) Expo.

The tech event is scheduled to take place virtually on Tuesday 22ndand Wednesday 23rd September at 9am daily. To this end, interested participants are urged to register online via www.ictelexpo.com.ng

Muda Yusuf, director general of the Lagos Chamber of Commerce and Industry (LCCI) said: “The ICTEL EXPO is positioned to be a veritable platform for both operators and regulators to network, showcase and explore with technology with the view to repositioning the ICT sector of the economy.”

Yusuf added “that this year’s edition promises to be the best ever in the series with the theme “Exploring Opportunities in the Digital Economy” This is intended to create a platform to discuss strategies for economic diversification and business sustainability with particular focus on ICT, especially with the current challenges posed by the COVID-19 pandemic. There would also be virtual conferences and exhibition during the two-day event.

Yusuf also emphasized that relevant agencies and departments of Government will be exhibiting and attending to other exhibitors and participants.

He stated that the Government Ministries, Departments and Agencies that have confirmed attendance to participate are Ministry of Communications; Nigerian Communications Commission (NCC) amongst others.

In addition, the Honourable Minister of Communications and Digital Economy, Dr. Isa Ali Pantami and the Executive Vice Chairman, Nigerian Communications Commission, Prof. Umar GarbaDanbatta, are expected as Special Guests.

Mrs. Funke Opeke, managing director, MainOne Cable and chairman, Presidential Committee on National Broadband Plan, is expected to deliver the Keynote Address on the first day.

While Mr. Victor Eburajolo, deputy group managing director, Kewalram Group, will be delivering the Keynote Address on the second day at the virtual Expo.

Yusuf stated that “so far, so good the excitement that the virtual Expo has generated has been phenomenal and we are indeed happy about it.”


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