International Finance

Kenyan logistics startup Lori Systems expands in Nigeria

Lori Systems Nigeria
The startup completed a successful pilot in Nigeria with companies such as Olam, Honeywell Flour Mills and Flour Mills Nigeria

Kenyan logistics startup Lori Systems has announced its expansion in Nigeria. During the last couple of months, the startup has completed a successful pilot in Nigeria in association with major companies such as Olam, Honeywell Flour Mills, and Flour Mills Nigeria.

With regard to the launch in Nigeria, Uche Ogboi, Lori System’s chief operating officer told the media that, “Lori is at the forefront of revolutionising cargo transport across Africa from the ground up. Our mission in Nigeria is to create a more efficient logistics experience for cargo owners who are burdened with the task of moving their goods across the country.”

He pointed out that Lori Systems has created a digital platform that enables the movement of goods through a transparent supply chain management system that is affordable, reliable and flexible.

Since its launch in 2016, Lori Systems has changed the cargo transportation landscape in Kenya by tackling inefficiencies in the industry.

According to the company, Africa spends around $180 billion on transportation of goods each year. Ogboi said that his company aims to reduce these huge logistics costs through the introduction of its digital platform.

After its launch in Kenya, Lori Systems has also expanded in nine African countries including Uganda, Rwanda and South Africa. The startup has a network of over 2500 truck drivers operating across these countries.

In Nigeria, Lori Systems will compete with Kobo360, another digital logistics platform backed by the International Finance Corporation and TradeDeport, a logistics startup focused on the FMCG sector.

Lori Systems’ expansion in Nigeria follows the startup securing an $8.7 million funding from undisclosed investors in the month of June.

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