Kobo360 investors sell equity to ex-CEO Obi Ozor as struggles mount

Investors in Kobo360, a freight logistics startup that raised about $79 million, have sold their shares to co-founder and former CEO Obi Ozor. The deal, which will see Ozor take on existing debt of about ₦10 billion, caps a dramatic fall for the eight-year-old company, which was once heralded as Africa’s  “Uber of trucks” but has struggled with leadership churn, stalled haulage…