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Stock impact report

This trucking app wants to halve delivery times across Africa [CNNMoney.com]

Unilever PLC (UL) 
US:NYSE Investor Relations: unilever.com/investor-relations
Company Research Source: CNNMoney.com
Trucking app Kobo360 wants to halve delivery times across Africa London (CNN Business) Transporting goods quickly and cheaply is vital for trade, but it's a struggle in many African nations. Now a startup is hoping to change that. Nigerian entrepreneur Obi Ozor experienced the slow movement of cargo first-hand a few years ago when he was importing diapers and transporting them across Nigeria. "It used to take one week to transport goods 1,000 km, from Lagos to Kano," he told CNN Business. "Africa's logistics is very informal, making it challenging for many businesses to move goods efficiently," he added. "There's a serious disconnect between getting goods from A to B." In 2017, Ozor and fellow Nigerian Ife Oyedele II launched digital platform Kobo360. A self-styled " Uber ( UBER ) for trucks," it connects truck owners and drivers with cargo companies, aiming to make supply chains more efficient, affordable and transparent. Read More As measures to c Show less Read more
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