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Tugende Raises $17 Million in Debt to Expand Vehicle, Equipment Financing for MSMEs in Kenya, Uganda
Tugende, a financial technology (fintech) firm specializing in vehicle finance in Uganda and Kenya, recently raised USD 17 million in debt funding.
- Categories
- Finance, Transportation
- Region
- Sub-Saharan Africa
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From People to Packages: How a Nigerian Ride-Hailing Business Weathered the Pandemic by Shifting to Last-Mile Delivery
The effects of COVID-19 have impacted business around the world, and consumer-focused sectors in Africa have faced particular challenges. As Nikhil Goel at Gokada explains, the crisis has exposed the urgent need for digital-first approaches to work, shopping and other aspects of daily life – and opened new opportunities for nimble enterprises that can tap into this growing demand. He explores how Gokada has successfully navigated the pandemic by shifting its business model from ride-sharing to last-mile delivery.
- Categories
- Coronavirus, Technology, Transportation
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Nigerian Mobility-Tech Startup MAX Bags $31 Million in Series B Round, Set To Expand Across Africa, Build EV Infrastructure
Nigerian mobility tech startup Metro Africa Xpress Inc. (MAX) is planning to enter more markets across Africa as it races toward formalizing the continent’s transportation sector after securing $31 million in Series B funding.
- Categories
- Finance, Technology, Transportation
- Region
- Sub-Saharan Africa
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Google’s Africa Investment Fund Makes First Investment in Uganda’s SafeBoda
Internet giant Google announced that it has made the first investment from its Africa Investment Fund in Ugandan super app SafeBoda.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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uYilo To Scale E-Mobility Projects Across Africa After EU Funding Deal
The uYilo eMobility Programme has received multimillion-rand funding from the European Union, which it says will be used to enable and mobilise electric mobility across Africa.
- Categories
- Energy, Technology, Transportation
- Region
- Sub-Saharan Africa
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TLcom and 4DX Drive $13.1 Million Seed Round To Scale Autochek’s Platform Across Africa
African automotive company Autochek has secured a $13.1 million seed round almost a year after raising $3.4 million pre-seed in November 2020.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- transportation
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Indian Businesses Seek Government Support To Meet 2030 Electric Vehicle Target
Businesses in India are seeking government support to meet a target for at least 65% of all new vehicle sales to be electric by 2030, according to a CEO-led organisation of major companies worldwide which is leading the push.
- Categories
- Technology, Transportation
- Region
- Asia Pacific
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How Can We Get Hydrocarbon-Rich Nations To Board the Electric Vehicle Wagon?
As the fourth largest source of carbon emissions, global transport must decarbonize.
- Categories
- Energy, Environment
- Region
- Global