Nigerian startup Kobo360 has undergone a leadership transition. Following the appointment of co-founder Obi Ozor as the transport commissioner in Enugu State, the company has named its current COO, Cikü Mugambi, as the new CEO. This change comes days after Ozor's new role was announced, marking an exciting shift in the company's trajectory.
Kobo360, a prominent player in the Nigerian logistics sphere, has swiftly responded to the changing dynamics by selecting a leader with deep-rooted experience. Cikü Mugambi, who assumed the role of COO in 2021, has demonstrated her prowess through her work at organizations like the International Finance Corporation (IFC) and KPMG, as well as her contributions to Next Billion Growth. Her elevation to the CEO position is a testament to her strategic vision and understanding of Kobo360's mission.
Underlying this transition is the company's enduring commitment to leveraging technology to advance inter-regional trade. Kobo360's journey, which commenced six years ago, aims to streamline complex supply chains and drive a new era of trade using cutting-edge solutions. Cikü Mugambi expressed her enthusiasm for this pivotal role, stating, "The ambitious quest to facilitate inter-regional trade through innovative supply chain solutions is at the core of Kobo360's identity. I'm truly honored to spearhead this mission."
Notably, the outgoing CEO, Obi Ozor,'s significant contributions to Kobo360 were acknowledged during this transition. His unwavering advocacy for the company's growth and innovation has laid a strong foundation for its evolution. With his departure, the leadership baton is now securely held by Cikü Mugambi, accompanied by Ayo and Mr. Fola Adeola in their respective roles. This transition is poised to propel Kobo360 even further on its journey of transformation and impact.
In the midst of this transformation, Kobo360 has also appointed Fola Adeola, co-founder of Guaranty Trust Bank, as the new chairman of the board of directors. Adeola's early support for Kobo360 and his extensive experience bring a wealth of insights to the company's strategic direction. His words underscore the company's progress and prospects, stating, "We stand at a pivotal juncture, having achieved significant milestones en route to profitability. This forms a strong base upon which we plan to foster exponential growth."
Since its inception in 2017, Kobo360's influence has reached eight African markets. The platform's impressive track record encompasses the onboarding of over 30,000 trucks and 700 customers, facilitating the movement of over 9 billion kg of goods. This accomplishment has translated into the creation of over 150,000 direct and indirect job opportunities. Moreover, Kobo360's partnerships with local banks, insurance entities, and other stakeholders further solidify its position in the logistics ecosystem.
As Kobo360 navigates this leadership transition, its commitment to innovation, impact, and African trade remains undeterred. The vision that propelled the company's inception is now entrusted to Cikü Mugambi, with the seasoned guidance of Fola Adeola. The logistical landscape of Africa is in for transformative times as Kobo360 accelerates into this new chapter, setting sights on even greater horizons.
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