IFC $6 million Seed Investment in Kobo360 Aims to Transform Supply Chain for African Mass-Market Goods
7 Dec 2018 5:39 PM GMT
Sharm El Sheikh, Egypt, December 7, 2018 - IFC, a member of the World Bank Group, today announced a $6 million equity investment in Kobo360 Inc, a tech-enabl...
- Sharm El Sheikh, Egypt, December 7, 2018 - IFC, a member of the World Bank Group, today announced a $6 million equity investment in Kobo360 Inc, a tech-enabled e-logistics platform that connects the supply of trucks with the demand for transportation services by cargo owners in Nigeria.
- The program, launched in partnership with the Egyptian Ministry of Investment and International Cooperation and IFC, spotlights more than 100 promising African start-ups that will participate in the Africa 2018 Forum being held in Sharm El-Sheikh, Egypt from December 8-10.
- Kobo is among the successful startups sharing its experiences with even earlier stage startups, alongside international investors and financial institutions, government officials, and policymakers from the African continent.
- IFC supports the mobile technology sector to help promote social inclusion and business growth.
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