Daily Archives: Jun 27, 2026
YADEA Targets Kenya’s Boda Boda Market With Electric Motorcycle Debut
YADEA Group Holdings Ltd., the world’s largest maker of electric two-wheelers, has entered Kenya with the launch of a new commercial bike tailored for the region’s vast informal transport sector, underscoring intensifying competition to electrify Africa’s mobility systems.
The Chinese manufacturer unveiled its KIFA electric motorcycle at Autoexpo Kenya 2026...
CargoX Raises $250 Million to Scale Autonomous Delivery Network Across UAE
CargoX, a United Arab Emirates–based autonomous logistics platform, has raised $250 million from an investor group led by BlueFive Capital, marking one of the region’s largest bets on driverless delivery infrastructure.
The company also named former Talabat Chief Executive Officer Tomaso Rodriguez as CEO, signaling ambitions to rapidly scale operations...
Uber Buys $100 Million Stake in Careem From e&, Tightening Grip...
Uber Technologies Inc. has agreed to acquire a 12.5% stake in Careem Technologies from UAE telecoms group e& for $100 million in cash, deepening its ownership in the Middle East super app.
The transaction will see e& reduce its shareholding to 37.53% from 50.03%, while Uber increases its position. The...