Category: Nigeria

Fez Delivery, a techstars-backed logistics startup announces Seed raise of $1 million led by Ventures Platform

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LAGOS, Nigeria, March 28, 2023/APO Group/ — Fez Delivery (https://FezDelivery.co/), a leading logistics and delivery company, announced its $1 million seed round today. Ventures Platform led the funding round, with participation from Voltron Capital, Acasia Ventures (formerly Cairo Angels), and other angel investors. This funding announcement follows Fez Delivery’s acceptance as one of the only two logistics companies in Nigeria to have received investment from Techstars Toronto, an elite global tech accelerator. Fez Delivery was founded in 2020 by Seun Alley, as a pivot from her previous company which offered janitorial…

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Yamaha Partners MAX – Africa’s Largest, Low-to-Zero Emission Vehicle Platform

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To Provide Vehicle Subscriptions, Electric Vehicles and Service Centres to 50,000 GIG Drivers in Nigeria Moto Business Service Nigeria (MBSN), a subsidiary of Japan’s Yamaha Motor Corporation,  has announced a strategic partnership with Metro Africa Xpress Inc. (MAX) – Africa’s first mobility technology platform,  to finance and maintain over 50,000 vehicles over the next two years. The partnership will expand Max’s operations in Nigeria, Ghana and Cameroon and fast track their goal to serve 100,000 independent commercial drivers by the end of 2023. MBSN provides services for tech startup companies…

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IMPERIAL ACQUIRES CONTROLLING STAKE IN ‘AFRICA FMCG DISTRIBUTION LTD’ IN NIGERIA

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Imperial, owned by DP World, has announced its Market Access business has completed the strategic acquisition of a controlling stake in Africa FMCG Distribution Ltd (AFMCG), which is part of the Chanrai Group of Companies. AFMCG is a multi-faceted business, distributing products that positively impact the lives of consumers in Africa every day. The business offers a nationwide and best-in-class route-to-market solution across multiple channels in Nigeria. Its services also extend to co-manufacturing, co-packing, sourcing and value-added services in the fast-moving consumer goods (FMCG) sector. Representing some of the world’s…

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First Vessel berths as Lekki Port takes delivery of STS Cranes and RTG Equipment

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In what could best be described as a major milestone and a significant boost ahead of the commencement of port operations, Lekki Deep Sea Port, on Friday, 1st July 2022, took delivery of 3 Super Post Panamax Ships to Shore (STS) Cranes and 10 Rubber Tyred Gantries (RTGs) and also witnessed the arrival of the first vessel to berth at the port. The cranes and the RTG equipment will be used in the container terminal, which will be operated by Lekki Freeport Terminal, a subsidiary of CMA CGM Group. The…

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