Inspiring Leadership & Sustainable Business Transformation in Africa
AFRICA – Moove, a mobility startup that provides revenue-based car finance and financial services to mobility entrepreneurs, has secured a £15 million (US$16.73m) fund from Emso Asset Management to expand its operations in the United Kingdom. The African startup has a growing worldwide client base of mobility entrepreneurs and just started in the United Kingdom. Its first foray into Europe.…
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KENYA – Kenyan startup Roam, previously Opibus, has launched a new electric mass transit bus, the Roam Rapid, which is specifically designed to address the unique challenges of public transport in Nairobi and Africa as a whole. With a capacity of 90 passengers, the bus allows for ample room, efficient boarding and disembarking of commuters, and both seating and standing…
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AFRICA – Moove, the first mobility fintech in the world and Uber ’s first car leasing partner in EMEA, has announced that it will launch in India as part of its global expansion. Moove, which provides revenue-based financing to business owners in the mobility industry, has established itself throughout Africa and is now expanding to Mumbai, Hyderabad, and Bangalore. All…
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NIGERIA – Moto Business Service Nigeria (MBSN), a subsidiary of Japan’s Yamaha Motor Corporation has announced a strategic partnership with Metro Africa Xpress Inc. (MAX), Africa’s first mobility technology platform. The partnership is meant to finance and maintain over 50,000 vehicles over the next 2 years. The partnership will expand Max’s operations in Nigeria, Ghana and Cameroon and fast track…
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SOUTH AFRICA – Moove, mobility fintech company, has obtained R300 million (US$20 million) in funding from Absa Corporate and Investment Banking (CIB), increasing its total funding since its start in 2020 to over US$200 million. The most recent cash will be utilised to boost the company’s vehicle lending offerings for more clients in South Africa. Launched in 2020 by Ladi…
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NIGERIA – Moove, a mobility fintech startup, has received US$20 million four-year structured credit from The British International Investment (BII), UK government’s development financing agency. This investment will allow Moove to purchase and import brand new fuel-efficient automobiles into Lagos, which will then be leased to drivers who will work their way to asset ownership over a three to four-year…
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SOUTH AFRICA – Bridgestone Mobility Solutions, Bridgestone EMIA’s business unit focused on developing and launching data-driven fleet, tyre and mobility solutions, has become an anchor partner of Startup Autobahn, a mobility-focused innovation network. Moderated by Silicon Valley global open innovation platform, Plug and Play Tech Center, Startup Autobahn brings industry-leading companies and startups together to identify new ideas and develop…
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KENYA – On-demand transport platform Bolt has rolled out the second edition of its Women in Tech internship program in Kenya. Launched in 2021, the programme dubbed #Drive4WITech aims to train, mentor and empower young women seeking to jumpstart their careers in the tech space regardless of their fields of study. Participating women get access to Top Bolt executives with…
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KENYA – Moove, an African mobility fintech, has launched operations in Nairobi, Kenya, its first city in East Africa and sixth on the continent. To expand their vehicle and product offerings to customers, the revenue-based vehicle financing company has partnered with Uber to allow ride-hailing and delivery drivers to purchase motorcycles for Uber Connect, UberEats deliveries and UberBoda trips. Additionally, following…
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ALGERIA – Yassir, an on-demand mobility startup, has raised US$30 million for its Series A round led by A vast network of essential strategic investors. The investors included WndrCo, DN Capital, Kismet Capital, Spike (Stanford Alumni) ventures, and Quiet Capital. Other investors included Endeavor Catalyst (Endeavor’s co-investment fund), FJ Labs, VentureSouq, Nellore Capital, Moving Capital (AKA the Uber Alumni Investment…
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