Ride-sharing service Shuttlers set to expand to Abuja and Accra, seeks funding

NIGERIA – Shuttlers, a Lagos-based ride-sharing service, is seeking to raise US$1.5 million by the end of the second quarter to expand to cities such as Abuja and Accra. The company, according to its CEO Damilola Olokesusi, is also planning to start running school buses in Lagos when the school year starts in September. Shuttlers has run pilot school bus projects but implementation has been held up by Covid-19. Olokesusi co-founded the Shuttlers service, alongside Busola Majekodunmi and Damilola Quadry, in 2015 because as a young graduate she couldn’t afford…

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Ghana receives World Bank loan to improve water and sanitation services in Accra

GHANA – The Government of Ghana has received a US$125 million loan from International Development Association- a member of the World Bank Group – for the Greater Accra Metropolitan Area Sanitation and Water Project (GAMA SWP). This additional financing which will support Ghana’s effort to improve water and sanitation services for about 550,000 people in low income urban communities of the Greater Accra Metropolitan Area (GAMA) and the Greater Kumasi Metropolitan Area (GKMA). Pierre Laporte, World Bank Country Director for Ghana, Sierra Leone and Liberia noted that providing equitable access…

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Bus-booking app Stabus launches in Ghana giving the passengers a private ride feel

GHANA –  Stabus, a transport startup, has launched its bus-booking app in Accra, and already clocked up hundreds of trips from thousands of users.  Launched in November, Stabus has developed a mobile app that connects users with private, air-conditioned buses for their ride to and from work.  Buses leave at set times, with users able to select their preferred pick-up and drop-off locations along a route. Buses are provided by third parties but must meet certain criteria, chief executive officer (CEO) Isidore Kpotufe said.  “This is a premium service. Our buses…

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Cryptocurrency exchange start-up OKEx expands into Africa

AFRICA – OKEx, a Malta-based cryptocurrency exchange, is hosting events across Africa to mark its entry into the continent, reports IT Web Africa. OKEx is a digital asset exchange and a Global bitcoin exchange spot that offers comprehensive digital asset trading services including fiat-to-token trading, spot trading, and derivatives trading to traders globally with blockchain technology. Currently, the exchange offers over 400 token and futures trading pairs enabling users to optimise their strategies, with a focus on providing resources that facilitate blockchain adoption in emerging markets. Africa is now a…

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Seven startups announced as winners of Pitch AgriHack competition

GHANA – Pitch AgriHack, a competition organised by CTA to help young agricultural entrepreneurs build viable businesses and boost innovation for a more sustainable agricultural sector have announced its winners. Seven young agricultural entrepreneurs, including four women, were awarded today a combined prize money of US$66,000 for digital innovations during the closing plenary at the African Green Revolution Forum (AGRF) in Accra Twenty-two finalist startups were selected from a field of 326 applicants, and underwent a underwent training through a bootcamp process before pitching their innovations to potential investors and…

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