These latest stories from the tech space will keep you updated with trends today.
1. Fintech startup Ukheshe to expand portfolio outside South Africa
South African fintech startup Ukheshe has announced intent to expand its operations globally to the Middle East, Europe, and the Asia Pacific.
The mission to expand the company’s portfolio comes as it looks to reach its vision of unicorn.
Speaking on the development, Clayton Hayward, CEO of Ukheshe, noted that the global expansion was intended to scale up the company in the next three years.
He said: “We will continue to look for potential acquisitions in these new markets to further support Ukheshe’s growth and strategy as we pursue our goal of reaching unicorn status within the next three years.”
He added that the company is excited about the future as it looks to further disrupt markets where it currently had no footprint.
The CEO stated: “Ukheshe is excited to be at the forefront of the rapid shift towards innovative digital-first solutions, especially in markets that are ripe for disruption.”
Industry insights further revealed that the fintech’s global expansion follows on several successful high profile projects and partnerships in various African countries including Kenya, Zimbabwe, Zambia, Namibia, Nigeria, Malawi, Botswana, Angola, Tanzania, Rwanda, Burundi, Democratic Republic of Congo, Mozambique, and Ghana.
Tech Trivia: Which airport is the first airport in Nigeria?
A. Muritala Mohammed International Airport, Lagos
B. Nnamdi Azikwe International Airport, Abuja
C. Mallam Aminu Kano International Airport, Kano
D. Muhammadu Buhari International Airport, Kastina
Answer: See end of post.
2. Insurance-tech startup Vaai.co launches affordable prepaid car insurance
Towards allowing consumers purchase insurance they can afford, black-owned insurtech startup Vaai.co has launched affordable on-demand car insurance solution.
The new offering works similarly to buying prepaid airtime, which can be recharged when required.
Industry experts praised Vaai.co for introducing the new offering, revealing that 70% of South Africans do not have car insurance.
The new Vaai.co offering is a cost-effective car insurance when compared to the traditionally expensive insurance plans available.
According to Thabang Butelezi, co-founder of Vaai.co, the new offering hopes to cut down on cost for low income earners.
READ ALSO: iNOVO accelerator selects 10 Nigerian tech startups. 2 other things and a trivia
He said: “Insurance companies actually penalise you if you live in a poorer area and drive a cheaper car – they charge less to insure fancy cars in fancy areas. It just makes no sense to me that those South Africans who need better prices are quoted more! Plus most of us are hardly driving our cars during Covid-19. Vaai.co developed the answer for those who can’t afford ongoing car insurance and those that have had enough of the great car insurance rip-off.”
3. Moja Ride secures funding from Toyota Tsusho
Looking to build out its platform, Abidjan-based digital transportation startup Moja Ride has secured an undisclosed amount of funding from Toyota Tsusho Corporation.
Moja Ride, which provides a reservation and cashless payment system spanning multiple transport services, has an inventory of over 1,200 taxis and buses.
The journey of the startup started when, in 2015, the startup founder Jean Claude Gouesse was the recipient of a Grand Challenge grant from the Bill and Melinda Gates Foundation.
That year, the startup was launched in order to work on a solution to facilitate the adoption of digital payments by small merchants across Africa.
Today, the startup looks to expand its system to coordinate service and passenger information, in an effort to improve passenger convenience and operating efficiency for business owners.
Tech Trivia Answer: Mallam Aminu Kano International Airport
Mallam Aminu Kano International Airport is the oldest in Nigeria and the first aircraft landed in Nigeria was landed in Kano in 1922, with operations starting in 1936. In the first decades of operation, it became an important fuel stop for airlines flying long-haul services between Europe and Africa.
Join the conversation
Join the conversation
INVESTIGATION… How herdsmen crisis compounds woes of already deprived Ogun communities
Earlier in January, the Nigerian media space was awash with reports of violence between herders and farmers across the country....
Investigation… Inside Enugu markets where traders are choked by multiple taxes
In recent times, the world economy has developed tremendously and this is partly linked with activities of petty traders who...
SPECIAL REPORT: How flood-ravaged farmlands in Anambra threaten food production
Increased rainfall, as a result of climate change, has impacted negatively on many parts of the world. In Anambra State,...
INVESTIGATION… How NDDC spent N2bn on abandoned, non-existent road projects in Edo communities
In 2014, the Niger Delta Development Commission (NDDC) awarded 10 road projects worth over N2 billion in various communities in...
INVESTIGATION… Inside NDDC’s abandoned, poorly executed road projects dotting Abia communities (concluded)
In this concluding part, ARINZE CHIJIOKE discovers that apart from the Obohia-Ohuru-Aba Road, there are similar projects initiated by the NDDC in Abia State which...
Messi stars as Barca beat Bilbao to win Copa del Rey
Lionel Messi scored twice for Barcelona as they defeated Athletic Bilbao in the final of the Spanish Copa del Rey...
Chelsea end Man City’s quadruple hopes, through to FA Cup final
Chelsea have advanced to the final of the English FA Cup after beating Manchester City 1-0 in their semifinal clash...
Bayern respond to UCL exit with Bundesliga win over Wolfsburg
Bayern Munich bounced back from their defeat to Paris Saint-Germain on Tuesday with a victory over Wolfsburg in a Bundesliga...
Championship leaders Norwich make instant return to Premier League
English Championship leaders, Norwich have won promotion back to the Premier League after Brentford and Swansea failed to win on...
FIFA Ranking: Super Falcons drop to 38th in world, stay first in Africa
Nigeria senior women’s football team, Super Falcons dropped a place in the latest FIFA World ranking released on Friday. The...
Latest Tech News
TechNigeria: A weekly digest of what went down in Nigeria’s tech space
Better tagged the week of the great debate following the Twitter’s choice to situate its African headquarters in Ghana. Some...
3 easy steps to repair your damaged PDF documents
If you are here because you are having issues with your PDF file, then you are in the right place!...
Elon Musk moves to manage paralysis with brain microchips. 2 other things and a trivia
This line-up of stories will help you discover the latest happenings around the tech world, today. 1. Elon Musk vows...
Nigerian innovation hubs make list of new AfriLabs members. 2 other things and a trivia
This line-up of stories will help you discover the latest happenings around the tech world, today. 1. Nigerian innovation hubs...
Nigeria’s ShortLet adapts AI to improve business model. 2 other things and a trivia
This line-up of stories will help you discover the latest happenings around the tech world, today. 1. Nigeria’s ShortLet adapts...
Nigeria’s ScholarX partners Airtel on new product. 2 other things and a trivia
This line-up of stories will help you discover the latest happenings around the tech world, today. 1. Nigeria’s ScholarX partners...