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Tag: Logistics

Moove expands into Mexico after US entry
News

Moove expands into Mexico after US entry

One month after launching in the US, Nigerian startup Moove, which provides vehicle financing for ride-hailing drivers, has announced its expansion into Mexico. The company projects it will achieve profitability by 2025. This move marks a significant milestone for the African startup ecosystem, which has faced a challenging macroeconomic environment and fundraising hurdles that have […]

Food delivery startup Chowdeck raises $2.5m seed funding
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Food delivery startup Chowdeck raises $2.5m seed funding

Nigerian startup offering on-demand delivery services, Chowdeck, has secured $2.5 million in seed funding. This investment, led by notable backers such as FounderX Ventures, True Culture Funds, Hoaq Fund, Levare Ventures, Haleakala Ventures, YCombinator, Goodwater Capital, and True Culture Funds, along with angel investors like Ayo Arikawe, Shola Akinlade, Ezra Olubi, Sudeep Ramani, Karthik Ramakrishnan, […]

E-commerce platform Wasoko denies rumours of exit from Rwanda
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E-commerce platform Wasoko denies rumours of exit from Rwanda

Kenyan e-commerce platform, Wasoko has dismissed rumors of its closure in Rwanda, refuting claims made weeks after its exit from Zanzibar and temporary cessation of operations in Uganda and Zambia. The e-commerce platform stated that it is expanding its workforce in Rwanda, Tanzania, and Kenya. Specifically, in Rwanda, the company is actively seeking partnership and […]

Gokada seeks fund-raising, embraces asset-light model
Tech

Gokada seeks fund-raising, embraces asset-light model

Nigeria’s most notable last-mile delivery firm, Gokada has shifted to an asset-light strategy amid efforts to obtain investment, TechCabal reports. The company’s COO, Oluwaseun Omotosho, was quoted in the article as having acknowledged the strategy change, which began in 2022. By being asset-light, Gokada has reduced its ownership of the estimated 5,000 motorcycles on its […]

News Tech

Nigerian logistics startup DropX shuts down

After a two-year journey, a Nigerian startup employing a delivery-facilitating app, DropX, has closed its doors, becoming part of the increasing number of Nigerian startups succumbing to the challenging economic landscape of 2023. Announcing the closure of the company, the founder, Alli-Johnson, said the woes of the company started with the gap between driver pay […]

Focus on Nigeria's N3tn logistics sector, experts urge FG
Business

Focus on Nigeria’s N3tn logistics sector, experts urge FG

Experts have emphasized how urgently Nigeria’s neglected logistics, courier, and transportation sectors—worth over N3 trillion, needs to be given priority by the federal government. The Punch reported that this information was revealed during the “Logistics Solutions and National Infrastructure Development” conference and investiture, organized by the Courier and Logistics Management Institute and held in Lagos. The Executive Chairman of […]

Business

Nigeria has untapped logistics industry worth N3trn — Logistics expert

The country’s estimated N3tn logistics, courier, and transport industry has not yet reached its full potential, according to the Executive Chairman of the Courier and Logistics Management Institute, Professor Simon Emeje. The Punch stated that the announcement of the Courier and Logistics Management Institute International Conference and Investiture 2023, which is set for November 23, in Lagos, […]