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Nigerian Autochek makes incursion into Francophone Africa by acquiring CoinAfrique

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Nigerian auto-tech digital solution startup, Autochek, has taken its expansion project to Francophone African countries by acquiring CoinAfrique, a leading mobile classifieds ads platform that connects online sellers and buyers in 16 French-speaking African countries.

The acquisition of CoinAfrique by Autochek a few weeks after expanding into Kenya with the acquisition of Kenyan asset financing fintech, Pezesha, the Nigerian company is fully set to accelerate the penetration of its auto-financing services into Francophone Africa, according to its Chief Executive Officer and co-founder, Etop Ikpe.

With the acquisition of CoinAfrique,
Autochek aims to build digital solutions that will enhance and enable a seamless and safe automotive commerce experience across Africa, he added.

According to Disrupt Africa, CoinalAfrique uses advanced technology to transform the automotive buying and selling experience for its consumers by creating a single marketplace for consumers’ automotive needs, from sourcing and financing to after sales support and warranties.

Before this acquisition, Autochek which was launched in September 2020, has gone on a spree by acquiring Cheki Nigeria and Cheki Ghana from ROAM Africa.

In May, the company acquired Moroccan auto startup, KIFAL Auto, to drive its expansion into the North Africa region, while in June, it moved into east Africa with the acquisition of them Cheki brands in Kenya and Uganda.

Last year, Autochek raised $13.1 million in seed funding round for its West African expansion which has now seen it move into African French-speaking countries with the acquisition of CoinAfrique

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Kenya’s ticketing startup BuuPass partners Flexpay for flexible travel payments 

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Kenyan digital ticketing startup, BuuPass, has entered into a partnership with goal-based savings platform, Flexpay, to offer customers flexible payment plans ahead of holiday travels as well as simplify travel planning and ease the financial burden of holiday travel for Kenyans.

Co-founder and CEO at Buupass, Sonia Kabra, who unveiled the package at a press conference, said the collaboration between the two platforms will allow travellers to save for their journeys in manageable, interest-free installments over four to 12 weeks.

“Travelers can select their travel dates, book tickets, and pay a small deposit upfront, with the remaining balance spread across weekly or monthly payments,” she said.

“This approach offers a stress-free way for families and large groups to secure their tickets early, helping them avoid last-minute price hikes as fares are locked in.

“By partnering with Flexpay, we’re giving travelers the flexibility to budget for their trips in advance. This initiative aligns with our mission to make travel accessible to everyone, providing a solution that meets customers where they are financially,” said Kabra.

Also speaking at the event, Richard Machomba, CEO and founder of Flexpay, said:

“Flexpay’s mission is to empower individuals by providing accessible financial solutions that make it easier for them to achieve their financial goals.

 

“By partnering with BuuPass, we’re making travel more accessible and stress-free for Kenyans, especially during the holiday season when expenses can be overwhelming,” Machomba added.

Founded in 2016 by Kabra and Wyclife Omondi, BuuPass is a B2B2C mobility marketplace that enables users to search, compare, and book travel tickets via web, app, or USSD, while its SaaS platform helps bus operators manage their operations, inventory, and sales.

FlexPay, on the other hand, is an online and offline payment gateway that allows merchants to offer interest-free targeted savings to their customers in Africa.

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DR Congo sues tech giant Apple over illegal mineral exploitation

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The Democratic Republic of Congo (DRC), has filed a criminal case against the European subsidiaries of tech giant, Apple, accusing them of illegal mineral exploitation and allegedly using “blood minerals” in its supply chain.

In the suit filed on Tuesday, the DRC alleges that Apple has bought contraband supplies from the country’s conflict-ladden east and Rwanda, zones in which it allege the materials are mined illegally and then integrated into global supply chains before ending up in tech devices.

The DRC suit specifically mentioned Apple subsidiaries in France and Belgium, accusing the tech giant of using conflict minerals in its supply chain.

The DRC is a major source of tin, tantalum, and tungsten which are used in electronic devices, with some mines controlled by armed groups responsible for human rights violations.

International lawyers representing the African country’s government have accused Apple’s local subsidiaries of taking these minerals from conflict areas and laundering them through international supply chains, with one lawyer telling journalists that Belgium had a moral duty to act given its history of exploiting the country’s resources under colonial rule.

However, in its response, Apple claims it conducts supplier audits and does not directly source primary minerals.

https://www.thenews.com.pk/print/1262670-dr-congo-sues-apple-over-alleged-illegal-mineral-exploitation

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