Technext Technext
  • Home
  • Stories
    • Jamb Isn’t the First! Here are 10 times Nigerian Govt Agencies have Been Hacked in the Last Decade
      Jamb Isn’t the First! Here are 10 times Nigerian Govt Agencies have Been Hacked in the Last Decade
      7 hours ago 0
      40
    • Breaking: FG Lifts Ban on Sale and Activation of Sim Cards From April 19
      Breaking: FG Lifts Ban on Sale and Activation of Sim Cards From April 19
      8 hours ago 0
      77
    • Fundall is Helping Nigerians Gain Financial Intelligence and Make Investments
      Fundall is Helping Nigerians Gain Financial Intelligence and Make Investments
      11 hours ago 0
      20
    • Flutterwave Partners Forter to Detect Fraudsters and Identify Legitimate Buyers on its Platform
      Flutterwave Partners Forter to Detect Fraudsters and Identify Legitimate Buyers on its Platform
      13 hours ago 0
      43
    • Covid-19 Update: Council of Witches Calls for Sanctions on Fake News Carriers
      Covid-19 Update: Council of Witches Calls for Sanctions on Fake News Carriers
      1 day ago 0
      51
    • Nigerian music legend, Oliver de Coque gets Google Doodle posthumous birthday celebration
      Nigerian music legend, Oliver de Coque gets Google Doodle posthumous birthday celebration
      1 day ago 0
      64
    • Lagos is the PoS Capital of Nigeria with about 70% of Total Transactions Carried out in 2020
      Lagos is the PoS Capital of Nigeria with about 70% of Total Transactions Carried out in 2020
      2 days ago 0
      79
    • After Falling Short of its $100bn Projections, Coinbase’s Valuation is not Certain Yet
      After Falling Short of its $100bn Projections, Coinbase’s Valuation is not Certain Yet
      2 days ago 0
      61
    • ‘Africans Pay 30% Above Global Rates to Send Money Abroad’- Lemonade Growth Lead Richard Oyome
      ‘Africans Pay 30% Above Global Rates to Send Money Abroad’- Lemonade Growth Lead Richard Oyome
      2 days ago 0
      111
  • Features
    • Jamb Isn’t the First! Here are 10 times Nigerian Govt Agencies have Been Hacked in the Last Decade
      Jamb Isn’t the First! Here are 10 times Nigerian Govt Agencies have Been Hacked in the Last Decade
      7 hours ago 0
      40
    • Ramadan Kareem: 5 Ways Tech Can make Ramadan Easier for Your Body and Soul
      Ramadan Kareem: 5 Ways Tech Can make Ramadan Easier for Your Body and Soul
      3 days ago 0
      78
    • Identity Theft, Foolproof Scams: How Data Breaches in Tech Companies can Cost You
      Identity Theft, Foolproof Scams: How Data Breaches in Tech Companies can Cost You
      3 days ago 0
      89
    • CBN’s BVN Verification Ban: What it Means for Nigerian Fintechs and their Customers
      CBN’s BVN Verification Ban: What it Means for Nigerian Fintechs and their Customers
      7 days ago 0
      415
    • ‘Limiting Mindsets Prevent Women from Making the Most of Tech Communities’ – Temilade Adelakun
      ‘Limiting Mindsets Prevent Women from Making the Most of Tech Communities’ – Temilade Adelakun
      1 week ago 0
      148
    • Electronic Transactions Increased by 77% to N2.3bn in 2020 as USSD Transactions Increased by 80%
      Electronic Transactions Increased by 77% to N2.3bn in 2020 as USSD Transactions Increased by 80%
      1 week ago 0
      146
    • The dying cybercafe culture is still driving ICT penetration in low-income areas
      The dying cybercafe culture is still driving ICT penetration in low-income areas
      2 weeks ago 0
      218
  • Reviews
    • Fundall is Helping Nigerians Gain Financial Intelligence and Make Investments
      Fundall is Helping Nigerians Gain Financial Intelligence and Make Investments
      11 hours ago 0
      20
    • Lagos is the PoS Capital of Nigeria with about 70% of Total Transactions Carried out in 2020
      Lagos is the PoS Capital of Nigeria with about 70% of Total Transactions Carried out in 2020
      2 days ago 0
      79
    • Tech Events this Week: Cashless Africa, Deloitte’s Black in Tech Summit and Others
      Tech Events this Week: Cashless Africa, Deloitte’s Black in Tech Summit and Others
      4 days ago 0
      85
    • Global Tech Roundup: Twitter Wanted to Buy Clubhouse for $4 Billion!
      Global Tech Roundup: Twitter Wanted to Buy Clubhouse for $4 Billion!
      6 days ago 0
      120
    • Scholarships Africa Connects Students to Hundreds of Int’l Scholarships in Minutes
      Scholarships Africa Connects Students to Hundreds of Int’l Scholarships in Minutes
      6 days ago 0
      133
    • Godzilla Vs Kong Raked N17m in 3 days but Cinema Revenue Dropped 10% in March
      Godzilla Vs Kong Raked N17m in 3 days but Cinema Revenue Dropped 10% in March
      1 week ago 0
      148
    • Bitcoin Rally Sees Coinbase Rake in $1.8bn Revenue in Q1 as Active Users Hit 6.1 million
      Bitcoin Rally Sees Coinbase Rake in $1.8bn Revenue in Q1 as Active Users Hit 6.1 million
      1 week ago 0
      156
  • Women in Tech
  • Videos
  • Contact Us
Go to...

    Kobo360 Plans Global Expansion into North Africa, Asia and the Middle East

    Tomiwa OnaleyeTomiwa Onaleye
    November 1, 2019
    Kobo360 Plans Global Expansion into North Africa, Asia and the Middle East

    Kobo360, a Nigerian based logistics company is planning an expansion into North Africa, the Middle East, and South Asia markets.

    Kobo360 Plans Global Expansion into North America, Asia and the Middle East
    Kagure Wamunyu, Kobo360 CEO Africa Region

    The development was revealed by Kagure Wamunyu, Kobo360 CEO Africa Region, in a conversation with Techpoint.

    Since Kobo360’s launch in Nigeria in 2017, it has expanded into Togo, Kenya, and Ghana in Africa. With an added mandate to enter 10 new African countries by the end of 2020.

    Kobo360 Plans Global Expansion into North America, Asia and the Middle East
    Kobo360 currently operates in Togo, Kenya Ghana and Nigeria

    However, the company’s focus appears to be shifting towards global operations and expansions.

    Do they have what it takes?

    Obi Ozor, co-founder and CEO of Kobo360, recently appointed Kagure as head African operations, a move that foreshadows Kobo360’s big expansion plans.

    Kobo360 also got a recent feature among the top five African startups with deals worth more than $1 million in 2019. In addition to this, they raised of over $36 million in funding all of which could serve as catalysts for the company’s expansion plans.

    Today, we are proud to announce that Kobo360 has completed a $30M fund raise; a $20M Series A equity round and $10M in local currency working capital financing secured by Nigerian commercial banks. https://t.co/C3oNz0QedQ pic.twitter.com/5JA6wqQ3t4

    — Kobo360 (@kobo_360) August 14, 2019

    But they are up against some serious competition. In the middle east, for instance, logistics companies like Hellman who won the Automotive Logistics of The Year 2019 at the Transport & Logistics in Dubai have a stronger presence and trust in the market. This could make survival in the new region considerably more difficult.

    Kobo360 Plans Global Expansion into North America, Asia and the Middle East
    Obi Ozor, co-founder and CEO of Kobo360

    Kobo360 currently boasts of a fleet of over 10,000 trucks and is providing affordable end-to-end haulage services in countries where it has a presence.

    Kobo360 Plans Global Expansion into North America, Asia and the Middle East
    Kobo360 team in Kenya

    Backed by both local and foreign investors, Kobo360 has the financial backing to venture into the global market, but because they are yet to gain traction in markets outside Nigeria the viability of global expansion is uncertain.

    Kagure thinks otherwise, however. She believes the company’s impact in Nigeria can be easily replicated in most of the markets the company plans to expand to.

    Although Kobo360 peddles affordability as one of its major selling points, which can cater for cost pressure in a new market for global expansion, Kobo360 will have to adopt global practice.


    If you’d like to get featured on our Entrepreneur Spotlight, click here to share your startup story with us.


    SUBSCRIBE

    Get latest Technology news, reviews, business-related content with a deliberate emphasis on the African narrative and insightful analysis in Nigeria – straight to your inbox.


    Comments

    Share :
    • Facebook
    • Twitter
    • Google+
    • Pinterest
    • Linkedin
    • Email
    Tomiwa Onaleye

    Tomiwa Onaleye

    Tomiwa Onaleye is a content writer that mines emotion bred from words. He is an avid lover of gadgets and Tech World. He graduated with B.Sc Mechanical from the prestigious University of Ibadan.

    After Acquiring iHub, CEO of CcHub, Bosun Tijani Reveals Plans to Open Both Hubs to the American Market
    Next article
    After Acquiring iHub, CEO of CcHub, Bosun Tijani Reveals Plans to Open Both Hubs to the American Market
    12 Things You Must Pay Attention to When its Time to be Your Own Boss
    Previous article
    12 Things You Must Pay Attention to When its Time to be Your Own Boss

    Related Posts

    • Features, Stories 7 hours ago

      Jamb Isn't the First! Here are 10 times Nigerian Govt Agencies have Been Hacked in the Last Decade

      Jamb Isn’t the First! Here are 10 times Nigerian Govt Agencies have Been Hacked in the Last Decade
      Stories 8 hours ago

      Breaking: FG Lifts Ban on Sale and Activation of Sim Cards From April 19

      Breaking: FG Lifts Ban on Sale and Activation of Sim Cards From April 19
      Reviews, Stories 11 hours ago

      Fundall is Helping Nigerians Gain Financial Intelligence and Make Investments

      Fundall is Helping Nigerians Gain Financial Intelligence and Make Investments
    • Stories 13 hours ago

      Flutterwave Partners Forter to Detect Fraudsters and Identify Legitimate Buyers on its Platform

      Flutterwave Partners Forter to Detect Fraudsters and Identify Legitimate Buyers on its Platform
      Stories 1 day ago

      Covid-19 Update: Council of Witches Calls for Sanctions on Fake News Carriers

      Covid-19 Update: Council of Witches Calls for Sanctions on Fake News Carriers
      Stories 1 day ago

      Nigerian music legend, Oliver de Coque gets Google Doodle posthumous birthday celebration

      Nigerian music legend, Oliver de Coque gets Google Doodle posthumous birthday celebration

    Bitcoin Recent Prices

    Brandest

    Sign up for Newsletters

    Popular News

    • TLcom Capital to Invest $71M Africa Fund in 12 Startups from Nigeria, Kenya and SA
      TLcom Capital to Invest $71M Africa Fund in 12 Startups from Nigeria, Kenya and SA
      February 5, 2020 0
    • Digital Assets: Should I Buy Bitcoin (BTC) or Wrapped Bitcoin (WBTC)?
      Digital Assets: Should I Buy Bitcoin (BTC) or Wrapped Bitcoin (WBTC)?
      1 month ago 0
    • TEDxYaba Reboot: SegaLink, Deola Sagoe, Codebeast and More To Speak
      TEDxYaba Reboot: SegaLink, Deola Sagoe, Codebeast and More To Speak
      November 21, 2018 0
    • Nigeria’s Telecom Industry Loses $3b in Revenue to Call Masking Issues
      Nigeria's Telecom Industry Loses $3b in Revenue to Call Masking Issues
      September 28, 2018 0
    • Ghanian Startup, Redbird Raises $1.5 million to Extend Its Decentralized Service Across Sub-Saharan Africa
      Ghanian Startup, Redbird Raises $1.5 million to Extend Its Decentralized Service Across Sub-Saharan Africa
      3 weeks ago 0

    Follow Us

    Latest Tweets

    • technextdotng This new development comes months after the NCC ordered all operators to suspend the sale and registration of new S… https://t.co/WYTWWWaihX
      about 6 hours ago
    • technextdotng RT @aforisms_: Breaking: FG Lifts Ban on Sale and Activation of Sim Cards From April 19 - https://t.co/poyEGIro6x via @Technextdotng
      about 6 hours ago
    • technextdotng New post: Jamb Isn't the First! Here are 10 times Nigerian Govt Agencies have Been Hacked in the Last Decade https://t.co/LQKsGIsckm
      about 6 hours ago
    • technextdotng RT @tommy_blanc: Oya oo....everyone that has been crying about their sim can flood MTN office... Breaking: FG Lifts Ban on Sale and Activa…
      about 7 hours ago

    Instagram

    technextdotng

    Technext.ng is the go-to site for news, reviews and insightful analysis in the Nigerian tech space.
    http://ow.ly/ayTM30mSlGS

    For many people, managing money and knowing the ri For many people, managing money and knowing the right opportunities to invest in is still a challenge. A survey of over 2,000 youths in Nigeria, Kenya, Uganda, Tanzania and Cote D’Ivoire by Geopoll revealed that more young Nigerians only save after spending than their counterparts in other countries.

More youths in Tanzania and Uganda set aside a fixed amount to save than in Nigeria and Ivory Coast, who are more likely to save what remains after spending

The popularity of apps like @Piggybankng and @Cowrywise has made more people curious about saving, investing and creating a financial strategy to grow their money. However, there is need for more apps that take a more deliberate and friendly approach towards gaining financial intelligence and map out a sustainable path to monetary stability.

This is where Fundall comes in. @get_Fundall is a fintech service whose app is available for download on android and iOS.
.
.
.
.
.
#Fundall #LifeStyleCard #FinancialPlanning #Africa #Fintech #Finance #Financial #Nigeria #SaveMoney #Payments #Nigeria
    @theflutterwave has partnered with American eComme @theflutterwave has partnered with American eCommerce fraud detection firm, Forter to enable merchants to identify legitimate buyers on their Flutterwave platforms. This effort is aimed at detecting fraudsters masking themselves as legitimate buyers on the payment platform.

The partnership touted as the first of its kind in Africa will enable merchants to accurately identify legitimate buyers from fraudsters in the hopes of increasing transaction approvals and reducing friction in the purchasing experience, all without the fear of fraud.

Read more on Technext.ng
.
.
#ecommerce #crypto #marketplace #Merchants #fraudsters #Fraud
    Things are gradually returning to normal as the nu Things are gradually returning to normal as the number of covid-19 cases continues to fall. Although it may take a while before we hug people or shake hands without second thoughts, things are getting better.

Only 523 new cases were recorded between April 6 and 13. This is a slight increase compared to the 497 people that tested positive over the previous week. Two weeks earlier, Technext reported that 584 people tested positive.

The numbers show a sustained decrease in the spread of infections across the country. Indeed the Lagos state government is now confident enough to allow event centres and relaxation centres to increase their crowd capacity. Along with that, here are other developments during the week.

Read more on Technext.ng
.
.
.

#COVID19 #Nigeria #Education #Vaccine #Government
    Today, @Google unveils a Doodle to posthumously ma Today, @Google unveils a Doodle to posthumously mark the 74th birthday of Nigerian music legend and highlife maestro Oliver de Coque, one of Africa’s most prolific recording artists of all time.

The Doodle, created by Lagos-based graphic artist and illustrator @OhabTBJ, pays tribute to the guitarist who died in June 2008 at the age of 61, following a heart attack. The creative inspiration was drawn from De Coque’s love for the guitar, his energetic performance style, his unique music brand, and his love of tradition and culture.
.
.
.
.
.
.
#afrobeats #music #music #musiclover #naijamusic #musician #musicvideo #musicislife #musicproducer #musically #musicblog #musicjunkie #Africangiant #musicjournalism
    The use of Point of Sale (PoS) machines in Nigeria The use of Point of Sale (PoS) machines in Nigeria is growing but a majority of this growth is concentrated in the country’s economic capital, Lagos. According to NIBSS Instant Payment stats, the state recorded the largest number of PoS transactions in the country.

The report shows that Lagos accounted for about 70% of the total volume of PoS transactions in 2020. This represents a 100% growth in the volume of PoS transactions in the state as the volume of PoS transactions rose from 226 million in 2019 to over 453 million at the end of 2020.

Read more on Technext.ng
.
.
.
#finance #Nigeria #Lagos #Tech #POS #ATM #Money #Cash #Funds #TechNews
    Cryptocurrency trading company, @Coinbase, is list Cryptocurrency trading company, @Coinbase, is listing on the stock exchange today for $250 per share under the ticker ‘COIN’. With a share count of 261.3 million, this gives it a valuation of $65.3 billion.

This valuation is less than the $100 billion valuation that it got from @NASDAQ. At its current valuation, however, the crypto-based startup shows growth from recent years due to uptake in its subscriber base and generated revenue.
.
.
.
.
.
.
.
#stockmarkettimes #coinbase #coinbaseipo #uslisting #bitcoin #cryptocurrency #nasdaq #cryptocurrency #btc #forex #nft #bitcoinnews #cryptocurrencies #bitcoins #tech #investment #defi #investing #entrepreneur #invest #business #cardano #eth #coinbase #tesla #dot #polkadot #xrp
    Load More... Follow on Instagram

    Random News

    • Facebook and Nokia Partners to Expand Ecosystem for Fixed Wireless Access Over 60 GHz
      Facebook and Nokia Partners to Expand Ecosystem for Fixed Wireless Access Over 60 GHz
      February 27, 2018 0

      Nokia and Facebook are working together to accelerate the adoption of 60 GHz fixed wireless access technologies ...

      Read More
    Copyright 2020 technext.ng | Privacy Policy | Media Policy