INSUBCONTINENT EXCLUSIVE:
will use the funds to upgrade its platform and expand to 10 new countries beyond current operating markets of Nigeria, Togo, Ghana and
Kenya.Kobo360 looks to grow beyond its Nigeria roots to become a truly Pan-African company, co-founder Obi Ozor told TechCrunch
He co-founded the venture in 2017 with fellow Nigerian Ife Oyedele II.Since its launch in Lagos, the startup has continued to boost its
product offerings, VC backing and customer base
Kobo360 claims a fleet of more than 10,000 drivers and trucks operating on its app
company has a manufacturing facility in Ethiopia and recently expanded its presence in India.Transsion plans to spend the bulk of its STAR
Market raise (1.6 billion yuan or $227 million) on building more phone assembly hubs and around 430 million yuan ($62 million) on research
and development, including a mobile phone R-D center in Shanghai, a company spokesperson said.The government of Rwanda will soon issue
national policy guidelines to eliminate gas motorcycles in its taxi sector in favor of e-motos, according to a preview of the plan by
of 20 to 30 thousand operating in the capital of Kigali.Nyirishema explained that converting to e-motorcycles is part of a national strategy
The country will start with public transit operators, such as moto-taxis, and move to buses and automobiles.Ampersand, a Kigali-based e-moto
startups operating in Africa.In a byte, Andela is a Series D-stage startup ? backed by $180 million in VC ? that trains and connects African
some of the criticism it receives ? namely a claim the startup is creating a second brain-drain when software developers leave Andela and
the year, current developer staff, how many departures the company expects and how many of those will likely leave their home countries ?
which actually amounts to a fairly small percentage.TechCrunch checked in with Nigerian fintech company Interswitch for the latest on its
anticipated dual-listing (London and Lagos stock exchanges).A Bloomberg news story (based on background sourcing) revived speculation the
presence and payments products across Africa and globally.Reports that Interswitch could be one of the earliest big tech companies out of
Africa to go public trace back to 2016, when CEO and founder Mitchell Elegbe told TechCrunch the company was considering a listing before
the end of that year.Last month, an Interswitch spokesperson would neither confirm nor deny a pending IPO, per a TechCrunch inquiry
But there are still several reasons why the business (and its possible IPO) are worth keeping an eye on, which we detailed in the update
story.One could be an eventual increase in venture funding to African startups, which could come from Interswitch
e-commerce company that became the first big tech firm operating in Africa to launch on a major exchange, the NYSE, in April.More
