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Kobo's mission is to simplify Africa's logistics and supply chain by making it more efficient through technology. [1] [2] [3] Its customers are mostly large multinationals and manufacturing and production companies. [4] Kobo360's platform matches cargo owners with truck owners to solve the delay faced in getting goods delivered on time.
Company Industry Revenue (US$ millions) Profits (US$ millions) 1 Nigeria National Petroleum: Oil and gas 9,706 1,877 2 Nigeria Liquefied Natural Gas: Oil and gas 6,315 ... 3 MTN Nigeria: Telecommunications 3,514 536 4 Dangote Cement: Cement 2,699 721 5 Nigerian Petroleum Development: Oil and gas 2,686 219 6 Flour Mills of Nigeria: Agroindustry ...
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Red Star Express became a public company in July 2007 and its shares were listed on the Nigerian Stock Exchange November 14, 2007. [6] In July 2023, the International Finance Corporation and Nigerian Exchange Group awarded Red Star Express for their efforts towards gender equality in the logistics and aviation industry. [7]
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Nigeria is a federal republic in West Africa, bordering Benin in the west, Chad and Cameroon in the east, and Niger in the north. As of 2015 Nigeria has the world's 20th largest economy, worth more than $500 billion and $1 trillion in terms of nominal GDP and purchasing power parity respectively.
Slated to be Nigeria’s first deepsea port and the deepest such facility in sub-Saharan Africa, work on Lekki began in March 2018 and is targeted to be complete in 2022. The port will help meet rising demand for containers in Nigeria, the compound annual growth rate of which is forecast to be 12.9% between 2016 and 2025.
Massimiliano Spalazzi took over from Anammah as CEO in Nigeria in January 2020 and Anammah was appointed chairwoman of Jumia Nigeria and the Head of Institutional Affairs, Africa. [15] In 2015, Jumia generated $234 million in revenue, a 265% growth from 2014. [16] In 2016, Jumia became the continent’s first unicorn being valued at over 1 ...