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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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SA internet service provider Kaya Konekta launches data access for underserved communities

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South Africa’s leading Internet Service Provider (ISP), Kaya Konekta (KaKo), has launched new operations aimed at reaching underserved communities in the country.

The new service which the company says will revolutionise connectivity in the catchment areas comes with affordable and accessible internet services.

Founder and CEO of KaKo, Kagisho Dichabe, who praised the efforts of his team in a statement on Friday, said “KaKo aims to bridge the connectivity gap by providing reliable and affordable data, with a host of mobile and home broadband packages at below market rates.”

“For financial inclusion to be a reality, we need to connect the unconnected, and “Data Must Fall,” he said.

“We are dedicated to providing affordable, reliable internet services to underserved communities, empowering individuals and businesses for a better future.

“Data has become too expensive for people in our communities, especially in our townships,” Dichabe said.

He added that KaKo also aims to empower youth with accessible, high-speed internet, enabling them to access educational materials and online courses conveniently.

“This connectivity offers opportunities for knowledge expansion, higher education pursuits, and skill development,” he emphasized.

The startup’s CEO Thabiso Malekele, also noted that the company views the “internet as an essential tool, not a privilege, for unlocking potential, fostering learning, and connecting communities.”

“This belief fuels our passion to change and improve the lives of underserved and unconnected individuals.

“Our nation’s history compels us to actively champion this cause. While we strive to expand our reach like any ISP by deploying various technologies including fibre, LTE and 5G to different customers, we prioritise addressing the critical gaps in connectivity that leave many behind.

“At Kaya Konekta, we’re passionate about both customer service and the community.”

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Nigeria’s MAX partners Ghana’s Kofa in e-bike financing deal

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Nigeria’s electric vehicle solutions provider, MAX, has announced striking a partnership deal with Ghana’s innovator in energy networks, Kofa, that will see MAX offering financing options for over 2,000 revolutionary TailG Jidi bikes.

The bikes which are developed by Kofa in conjunction with TailG, a Chinese manufacturer, were launched in October last year and has been a big hit in the West African country.

A statement by MAX on Thursday, stated that the partnership marks a significant milestone in making green transportation more accessible in Africa.

“Max’s financing options for the motorbikes will enable more individuals and businesses to adopt eco-friendly transportation, aligning with both companies’ vision of a sustainable future,” it said.

“This collaboration between MAX and Kofa is a step towards a greener, more sustainable Africa.

“This partnership is poised to accelerate the transition to green energy and sustainable transportation in Africa,” the company said.

“The coming together of the two democratises access to vehicle ownership and electric mobility across Africa through a tech-driven platform that offers a spectrum of services, including subscription-based vehicle financing,cutting-edge electric vehicle options, and comprehensive support services.

“Kofa, meanwhile, is focused on creating affordable, sustainable, and customer-driven electricity networks, starting with electric motorcycles.

“The startup partnered TailG Group, a leading electric vehicle brand from China, to launch the Jidi electric motorcycle last October, and subsequently announced the planned launch of its second-generation Kore 2 Swap & Go network,” it added.

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