• Latest
  • Trending
SafeBoda

Google’s Africa Investment Fund announces investment in Uganda’s SafeBoda

2 years ago
What is Spotify Jam and how to use it?

What is Spotify Jam and how to use it?

1 day ago
Apple iPhone 15 Specifications

Apple iPhone 15 Specs, and Price in Uganda

3 weeks ago
Reverse Airtel Money

How to initiate a reversal and get your money back on Airtel Money

4 weeks ago
Rave on Your Phone

How To Download and Use Rave on Your Phone

4 weeks ago
YouTube

Ugandan Youtubers to begin paying taxes

4 weeks ago
Hide Comments on TikTok Live

How to Hide Comments on TikTok Live as a Viewer

2 months ago
Mark Zuckerberg

5 Apps Mark Zuckerberg Copied and How They Performed

3 months ago
edit WhatsApp messages

Is it possible to edit WhatsApp messages?

3 months ago
Airtel eSIM in Uganda

How to get an Airtel eSIM in Uganda

4 months ago
Starlink Satellite In Uganda

Elon Musk’s Starlink to launch in Uganda by 2024

6 months ago
WhatsApp

Here’s How to Hide Your Last Seen Status on WhatsApp

6 months ago
Uganda Zip Codes

The Complete List of Uganda Zip Codes/Postal Codes

6 months ago
Techyuzer
  • News
  • How to
  • Featured
  • Reviews
  • Android
  • iOS
No Result
View All Result
  • News
  • How to
  • Featured
  • Reviews
  • Android
  • iOS
No Result
View All Result
Techyuzer
No Result
View All Result

Google’s Africa Investment Fund announces investment in Uganda’s SafeBoda

Stuff Editor by Stuff Editor
2 years ago
in News
0
SafeBoda

SafeBoda

Share on FacebookShare on Twitter

Google has announced its first investment from its Africa Investment Fund in Ugandan motorbike-hailing App SafeBoda.

According to TechCrunch, the undisclosed investment comes two months after Alphabet CEO Sundar Pichai announced the tech giant’s intentions to commit $1 billion over the next five years in “tech-led initiatives”, which includes a $50 million Africa Investment Fund targeted at early- and growth-stage startups on the continent. He made this known at the Google for Africa event in October.

The Ugandan startup launched as a two-wheel ride-hailing platform before embarking on a super app plan two years ago. Now, it offers rides, parcel delivery, food and shop, payments, savings, and other financial services to over 1 million customers in Uganda and its second market, Nigeria. The company counts more than 25,000 drivers who have completed over 40 million orders in both markets.

SafeBoda said the investment from Google’s Africa Investment Fund will help “drive its growth in Uganda and Nigeria, scaling its transportation-led app to offer new payment and financial services solutions for its expanding set of customers: passengers, drivers, and merchants.”

“SafeBoda welcomes Google to their community and is excited to continue to drive innovation in informal transportation and payments in the Boda-Boda (East Africa) or okada (West Africa) industry. This vital industry is the lifeblood of Africa’s cities and powers economic development. SafeBoda is thrilled that leading global companies such as Google see the importance of backing startups working towards these goals.” 

Ricky Rapa Thomson, C.E.O

The Investment in SafeBoda was made to “strengthen a relationship with a potential future partner that has strategically aligned vision of better logistics and transportation.” Asked about how many investments to expect in the coming year, the spokesperson said Google isn’t setting any expectations in that regard.

We think you’d like to read:
Twitter rolls out automatic captions for videos
Africa Data Centres opens data centre in Nigeria
Apple alerts iPhone users in Uganda, Thailand, and El Salvador over alleged state-sponsored hack

Tags: SafeBoda
Previous Post

How to fix FaceTime not working on iPhone or iPad

Next Post

Xiaomi Redmi 10 Prime Full Phone Specifications

Next Post
Xiaomi Redmi 10 Prime Full Phone Specifications

Xiaomi Redmi 10 Prime Full Phone Specifications

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest

What is Spotify Jam and how to use it?

What is Spotify Jam and how to use it?

October 2, 2023
Apple iPhone 15 Specifications

Apple iPhone 15 Specs, and Price in Uganda

September 17, 2023
Reverse Airtel Money

How to initiate a reversal and get your money back on Airtel Money

September 6, 2023
Rave on Your Phone

How To Download and Use Rave on Your Phone

September 6, 2023
YouTube

Ugandan Youtubers to begin paying taxes

September 6, 2023
Hide Comments on TikTok Live

How to Hide Comments on TikTok Live as a Viewer

July 24, 2023
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Email us: info@techyuzer.com

© 2023 techyuzer

No Result
View All Result
  • News
  • How to
  • Featured
  • Reviews
  • Android
  • iOS

© 2023 techyuzer