Africa Roundup - Goldman Backs Kobo360, Rwanda Commits to Evs, Interswitch IPO Update

Nigerian freight logistics startup Kobo360 raised a $20 million Series A round led by Goldman Sachs and $10 million in working capital financing from Nigerian commercial banks.

The company -- with an Uber-like app that connects truckers and companies to delivery services -- will use the funds to upgrade its platform and expand to 10 new countries beyond current operating markets of Nigeria, Togo, Ghana and Kenya.

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