Nigerian mobility startup, Metro African Xpress (MAX) has successfully raised 1 million one -year fixed-rate series 1 Bond. The company is the first African mobility company to issue a bond under the Private Company Bond program dubbed the PCB program. The Bond is also the first part of its newly ...
Uber has unceremoniously launched its parcel service, "Uber Connect" in Kenya. Uber has been pursuing a global shift towards delivery services in a bid to diversify from its ride-hailing venture. Uber Connect will provide an affordable same day delivery option to deliver packages, primarily transported via motorcycles. This new service ...
Ride-hailing giant, Uber has confirmed its acquisition of food delivery startup, Postmates. According to Bloomberg, the deal is reportedly an all-stock deal valued at US$ 2.6 Billion. Uber is reportedly planning to run Postmates, and its own food delivery app, Uber Eats, alongside each other. It will however merge some ...
Kenyan e-Logistics company, Lori, has officially announced its expansion to Nigeria in a bid to cement its footprint across Africa. The company, which is the largest e-Logistics service provider in East Africa, launched in Kenya in 2016 to seamlessly connect cargo owners to transport in frontier markets. Over the past ...
Technological advances are changing the way businesses operate across the globe. As the world turns ever more digital, consumers have an expectation that their requests can be met instantly at the touch of a button. Businesses must adapt and change to meet these increasing demands, with the logistics industry in ...
The Kenyan headqautered, African focussed support services and logistics company Atlas Development has been engaged to provide civil engineering supervisory, advanced life support, security and risk advisory services to a European and North African focussed oil and gas company operating in Western Sahara. The agreement is in line with the ...
Moving stock from point A to point B is not an easy feat in Nairobi, East Africa’s largest economy known for its snail-pace traffic jams, street kids on the loose and lawless Matatu drivers. The city of over 4 million people get even worse during the rain season. With no ...
Panellists and participants following proceedings during the launch of the first round call for proposals for the Logistics Innovation for Trade (LIFT) Fund. Logistics in Africa is a menace, and firms that try to launch logistics businesses face a mamoth of hurdles from poor infrastructure to ...
