Connect with us

VenturesNow

Busy Boda launches to disrupt Kenya’s motorcycle hailing passenger and courier services

Published

on

Busy Boda is a motorcycle hailing startup which has launched in Nairobi with plans to bring order in this highly informal sector by focusing primarily on making boda boda riders digital entrepreneurs and not just survivors.

Though its launching to take on established services such as Taxify Boda, Sendy, Safeboda which launched recently in Kenya and the yet to be launched Uber Bike, Busy Boda says to it will focus on both passenger and courier services allowing users to use the app to get a ride for themselves, or for safe delivery of a parcel or even get a cheque banked.

Founded by 20 and 22 year-old siblings Atharva Tembhekar and Vaidehi Tembhekar, Busy Boda is also promising to provide financial planning training to riders so they can manage their money and save money to eventually buy their own motorbikes. All Busy Boda riders will also access value added services at affordable rates, with payment plans in the form of installments, which also helps riders save costs significantly in the long run.

Read Also: Lagos Blue Line rail project may not be ready until 2022

Speaking to TechMoran, Vaidehi, who is a Chemical Engineering graduate from the University of Sheffield and Atharva who is in his final year of Electrical Engineering at the University of Bath in the United Kingdom said having heard of multiple situations where boda boda riders were exploited, they wanted to give back to the community they grew up in by creating an app that could create jobs, empower riders and help them grow into digital entrepreneurs.

“Busy Boda is a platform created to ensure riders don’t spend time waiting for clients at boda boda stages,” Vaidehi told TechMoran. “We want to encourage riders to be busier by doing more trips per day. This will increase their daily income.”

With a team comprising of tech-savvy millenials, Busy Boda says it takes only a small commission from the riders based on whether the ride was a passenger or courier ride.

“We have matatus that are a cost effective way of commute. We also have taxis that are a more expensive option but provide comfort. But what happens when you’re in traffic? Due to ever increasing congestion and traffic in Nairobi, productivity is being compromised therefore Busy Boda wishes to fill the gap with our innovative boda boda hailing Mobile App,” Vaidehi, told TechMoran.

VenturesNow

World Bank predicts Mozambique economy growing at 5.7% on average

Published

on

The World Bank has predicted that the economic growth in Mozambique is expected to accelerate in the medium term averaging 5.7% between 2022 and 2024, as a result of demand recovery and economy benefits from the start of liquefied natural gas production this year.

In a report released Thursday, the World Bank said the start of LNG production at the offshore Coral Project and the expected resumption of other LNG projects would help spur the southeast African nation’s growth in the intervening year.

The World Bank said a three-year extended credit facility arrangement agreed by Mozambique with the International Monetary Fund (IMF) and budget support from other partners would further help to strengthen its economic recovery.

The IMF’s executive board had, in May, approved a $456 million program for the country, the first since the global lender suspended support to Mozambique six years ago.

However, the World Bank warned that risks remained for Mozambique’s growth, especially from rising import prices due to the conflict in Ukraine, a possible surge in COVID infection waves, and insurgency in the north.

Continue Reading

VenturesNow

Nigeria, Algeria, Niger to revive Saharan gas pipeline talks

Published

on

The governments of Nigeria, Algeria and Niger Republic have held talks to revive a gas pipeline project across the Sahara which had been put on hold for over 40 years, with the potential opportunity for Europe to diversify its gas sources as the world faces a short fall as a result of the Russian-Ukraine war.

The three countries, represented by their various Petroleum Ministers, met in Abuja, Nigeria’s capital on Wednesday and resolved to set up a task force to revive the project and designated an entity to update the feasibility study.

A statement by Niger’s Oil Ministry after the two-day meeting stated that the Trans-Saharan gas pipeline project estimated at $13 billion, could send up to 30 billion cubic metres a year of supplies to Europe.

The statement added that the energy ministers of the three countries will meet again in Algiers at the end of July to “validate the proposals of the newly installed task force.”

“The pipeline should allow Europe to diversify its sources of natural gas supply but also allow several African states to access this high value energy source,” the statement said.

“With a length of 4,128 kilometres (2,565 miles), the pipeline would start in Warri, Nigeria, and end in Hassi R’Mel, Algeria, where it would connect to existing pipelines that run to Europe,” it said.

The gas pipeline idea was first proposed more than 40 years ago with an agreement signed between the three countries in 2009, but progress stalled stalled following a lack of follow through by the countries.

Earlier this month, Nigeria also took steps to revive another gas pipeline project that would pass through West Africa, Morocco to Europe.

Continue Reading

EDITOR’S PICK

Culture13 mins ago

Nigerian singing sensations, Wizkid, Tems, win 2022 BET Awards

Nigerian music stars, Ayo Balogun and Temilade Openiyi, popularly known as Wizkid and Tems respectively, were the biggest African winners...

Metro1 hour ago

Nigeria: Zamfara state government wants gun licenses for residents over insecurity

The Commissioner for information in one of Nigeria’s Northern states, Zamfara state says residents in the state can start approaching the police command...

Metro4 hours ago

Ex-Liberian rebel warlord charged in US over attempt to obtain citizenship fraudulently

A former commanding general of the Armed Forces of Liberia (AFL), a notorious rebel group during the West African country’s...

Politics16 hours ago

18 years after suspension, Zimbabwe lobbys for readmission into Commonwealth

Southern African Zimbabwe has continued with lobbying for readmission 18 years after it was thrown out of the body over...

Politics17 hours ago

Malian military leader signs election law that will allow him contest in 2024: Is this deja vu?

Leader of the Malian military junta, Col. Assimi Goita, has signed a new law which will pave the way for...

Politics17 hours ago

South Africa: President Cyril Ramaphosa arrives Germany for G7 Summit

South Africa’s president, Cyril Ramaphosa arrived in Munich, Germany on Sunday for the G-7 summit. According to the South African...

Metro17 hours ago

Spanish PM, Pedro Sanchez, blames ‘Mafia’ for human trafficking after African migrants’ deaths at Morocco/Melilla border

Spanish PM, Pedro Sanchez, blames ‘Mafia’ for human trafficking after African migrants deaths at Morocco/Melilla border The Prime Minister of...

Metro17 hours ago

South Africa: Eskom announces ‘Stage 4’ power cuts

South Africa’s state-owned power utility, Eskom says it will continue with “Stage 4” power cuts until Wednesday. The power rationing has been through 3...

Metro19 hours ago

Tragedy as 22 die in South African night club

At least 22 people have died from exposure to poisonous substances in a popular nightclub in East London, South Africa....

Sports19 hours ago

African soccer stars who flopped in the English Premier League

When English Premier League giants, Arsenal, paid French club Lille, a whopping £72 million which was a club record, for...

Trending