This archive report was first published on 30 July 2019.
Lori, a logistics coordination platform, has announced the appointment of two key executives to drive its expansion in Africa. Uche Ogboi joins as Chief Operating Officer, while Efayomi Carr takes on the role of Head of Strategic Finance, both effective July 29, 2019.
Uche Ogboi brings a wealth of experience in scaling companies across the African continent. Prior to joining Lori, she served as Principal, Investments, at EchoVC Partners, a Pan-Africa and tech-enabled venture capital firm. She has invested in companies across various sectors, including logistics, healthcare, fintech, telecoms, and agriculture.
Uche also worked at Citi for eight years as an Investment Banker, where she managed the bank's SME fund and was involved in structuring the bank's agriculture lending initiative.
“Lori embodies the spirit of opportunity on the continent for high-growth startups, and I am so impressed by the strong team and what the company has achieved in a short amount of time,” said Uche Ogboi. “I am delighted to see where this challenge takes me and how we will grow this company together to drive value for customers and help Lori achieve its mission of lowering the cost of goods in Africa.”
Efayomi Carr joins Lori from Quona Capital, where he served as Senior Associate supporting investments across Africa. Before Quona, Efayomi worked with 8 Miles LLP, a London-based private equity firm that invests in Africa. He has also worked with the Boston Consulting Group in New York and Nigeria, covering financial services, and at Jumia as the Head of Marketplace for Nigeria in Lagos.
“Uche and Efayomi are amongst the most impressive leaders on the continent, and I am absolutely thrilled about what this means for our business as we continue to rapidly scale our operations across Africa and beyond,” said Josh Sandler, Lori Co-Founder and CEO.
