Since the launch of Uber in South Africa in August 2013, startups in the logistics and tech sector have been spreading like wildfire—from taxis to motorbikes, boat services, and shipment services. The success of Uber saw it expand to other countries including Nigeria, Kenya, and Ghana, and the company is still spreading its roots. Investors are still pouring into the sector. Swvl bus-sharing startup in Egypt gathered a sum of $42million in investments in June 2019 alone. Motorcycle startups such as Max, Gokada, and ORide in Lagos are making it big in Nigeria; as they solve the problem of traffic in the city. Motor-bike taxis raised a sum of about $12 million between the months of May and June this year. Read the entire report at TechCabal.
Dear D -
Proper functioning of logistics in Africa is crucial to its economy, so the African diaspora should look in the direction of logistics start-ups. The potential for innovations in the transport industry is huge in a continent marred by poor infrastructure, notorious traffic jams, and a low level of car ownership. Uber-style apps such as Sendy for example, are smoothing courier services in the city, enabling users to access services on demand. Jumia is also doing well as people embrace efficient ways of shopping. A huge opportunity also lies in the shipment industry due to an increase in international buyers seeking effective and cost-efficient ways of getting goods.