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Billions pumped into African transport, logistics sector

Billions pumped into African transport, logistics sector

SETH ONYANGO, BIRD STORY AGENCY AFRICA'S transport and logistics sector is becoming a magnet for investors, pulling in US$1.4 billion in funding in the last four years, making it the third largest by deal value behind fintech and energy. According to the startup funding database 'Africa: The Big Deal,' passenger transport ventures, such as ride-hailing and mobility and financing platforms, have received 48% of the sector funding, with Moove, Swvl, and Yassir raising a combined US$700 million. "With the push for sustainable transport, we expect to see the acceleration of electric vehicles on the continent, backed by financing especially from…
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Solar minibuses for Africa? Data seen as key to green transport switch

Solar minibuses for Africa? Data seen as key to green transport switch

MEGAN ROWLING AS emissions from African transport surge, governments need to find ways to encourage a shift to cleaner, healthier electric vehicles, especially among the minibus and motorcycle taxis that dominate transport in many cities, researchers said on Thursday. Investment in generating more solar-powered electricity to charge electric vehicles (EVs) could encourage their use, cut pollution and costs for passengers, and help stabilise unreliable energy systems, they said in a commentary published in Nature Sustainability. But most African governments lack the data on privately run mass transport systems needed to make the case for financial institutions and development banks to put…
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