Nigerian logistics company Kobo360 announced the appointment of Cikü Mugambi as the new CEO after its founding CEO Obi Ozor was named transport commissioner in Enugu.
The company’s Board of Directors announced Mugambi, who was formerly the company’s COO as Ozor successor.
After working with the International Finance Corporation, Next Billion Growth, and KPMG, Mugambi joined Kobo360 in 2021.
Powering a complex and challenging supply chain and using technology to scale inter-regional trade is a long-term generational mission; this is what Kobo360 set out to achieve when it launched six years ago, and I am honoured to be tasked with continuing the company’s journey. Obi has been a powerful advocate for the company, and we thank him for his hard work and visionary mission” Cikü Mugambi said acknowledging her appointment.
Fola Adeola, the co-founder of Guaranty Trust Bank, was additionally appointed by the company to serve as the new chairman of the board of directors.
Over 30,000 trucks and 700 customers have joined the platform since Kobo360’s inception in 2017, serving customers in 8 African nations.
The business stated that it has moved more than 9 billion kg of cargo and produced more than 150,000 employment directly and indirectly.
It continues by mentioning the strategic alliances and integrations it has established with regional OEMs, commercial banks, and insurance firms, including, among others, Flour Mills of Nigeria, Unilever, CimIvoire, Kasapreko, One Acre Fund, United Bank of Africa, Fidelity Bank, and Tangerine Insurance.