{"id":39424,"date":"2022-08-17T07:28:19","date_gmt":"2022-08-17T07:28:19","guid":{"rendered":"https:\/\/www.withinnigeria.com\/broadnews\/?p=39424"},"modified":"2022-08-17T07:28:19","modified_gmt":"2022-08-17T07:28:19","slug":"google-invests-in-e-logistics-for-haulage-digitisation-in-africa","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/broadnews\/2022\/08\/17\/google-invests-in-e-logistics-for-haulage-digitisation-in-africa\/","title":{"rendered":"Google invests in e-logistics for haulage digitisation in Africa"},"content":{"rendered":"
\n

Google<\/strong><\/a> on Tuesday said that it had invested in Lori Systems,\u00a0 an e-logistics company digitising haulage and providing shippers with solutions to efficiently manage\u00a0 cargo and transporters.<\/p>\n<\/header>\n

\n

The Managing Director, Sub-Saharan Africa, Google, Nitin Gajria said in a statement that this new investment is the third from Google\u2019s 50 Million dollars Africa Investment Fund, announced in October 2021.<\/p>\n

Gajria said that it came\u00a0 off the back of the launch of Google\u2019s first product development center on the continent, in Nairobi, Kenya, the city where Lori Systems first launched.<\/p>\n

He said that named by the Financial Times earlier this year as Africa\u2019s seventh fastest-growing company, Lori Systems had helped thousands of shippers and carriers move over 10 billion dollars worth of cargo across the continent since its founding in 2017.<\/p>\n

According to him, the continent, logistics operators face a host of problems; from fragmented supply and demand markets to inconsistent pricing, paper documentation and little or no access to financing.<\/p>\n

\u2018\u2019A pioneer in e-logistics in Africa, Lori Systems lowers the cost of goods by eliminating pain points along the cargo journey seamlessly connecting shippers to transportation.<\/p>\n

\u2018\u2019Providing shippers with solutions to efficiently manage their cargo and transporters, and digitizing their entire transport operations from sourcing transportation to documentation and payments.<\/p>\n

\u201cAt Google, we understand the transformative power digitisation can bring to the African continent.<\/p>\n

\u2018\u2019There is so much potential in the region, but it\u2019s only through innovation that this can be fully unlocked,\u2019\u2019 he said.<\/p>\n

According to Gajria,\u00a0 Lori Systems is a great example of how technology can be scalable across Africa, and how, in turn, this can drive meaningful economic development.<\/p>\n

\u201cWe\u2019re excited to see where the future takes a business like this.\u201d<\/p>\n

Jean-Claude Homawoo, Lori Systems co-founder said that in recent years,\u00a0 the global logistics industry had seen much innovation.<\/p>\n

She, however, said that global supply chains were in dire need of modernisation, with technologies yet to reach critical scale.<\/p>\n

Homawoo said that on the continent, the African Continental Free Trade Area (AfCFTA) is expected to lead to an 81 per cent increase in intra-African trade, providing a 21.9 billion\u00a0 opportunity.<\/p>\n

The co founder said that providing opportunities in untapped trade potential that the 54 ratifying countries were hoping to capitalise on over the next five years.<\/p>\n

\u2018\u2019Logistics is key to unlocking this opportunity.\u201d<\/p>\n

The Chief Executive Officer (CEO) Lori Systems,\u00a0 Uche Ogboi said that the company was excited to have Google as a partner,\u00a0 as the organisation continued to build the operating system for emerging market logistics.<\/p>\n

According to her, our vision of the future of logistics in Africa is one that is digital, scalable and more efficient.<\/p>\n

She said the company had been successful, achieving up to 20 per cent price reduction for cargo owners and nearly 2 times increase in truck utilisation for transporters on Lori platform.<\/p>\n

\u2018\u2019We are excited about this funding as it will allow us to continue driving superior efficiencies across logistics on the continent.\u201d<\/p>\n

 <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Google on Tuesday said that it had invested in Lori Systems,\u00a0 an e-logistics company digitising haulage and providing shippers with solutions to efficiently manage\u00a0 cargo and transporters. The Managing Director, Sub-Saharan Africa, Google, Nitin Gajria said in a statement that this new investment is the third from Google\u2019s 50 Million dollars Africa Investment Fund, announced […]<\/p>\n","protected":false},"author":4,"featured_media":39459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[20,238,1],"tags":[3084],"class_list":["post-39424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-foreign","category-uncategorized","tag-google"],"yoast_head":"\nGoogle invests in e-logistics for haulage digitisation in Africa » BROAD NEWS \u2014 WITHIN NIGERIA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/08\/17\/google-invests-in-e-logistics-for-haulage-digitisation-in-africa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Google invests in e-logistics for haulage digitisation in Africa\" \/>\n<meta property=\"og:description\" content=\"Google on Tuesday said that it had invested in Lori Systems,\u00a0 an e-logistics company digitising haulage and providing shippers with solutions to efficiently manage\u00a0 cargo and transporters. 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