Mbay Mobility, a Senegalese startup focused on electric mobility, plans to introduce 33,000 electric taxis in Ghana's Accra, Senegal's Dakar, and Ivory Coast's Abidjan over 10 years. After a successful pilot phase in Senegal in 2022, the company is actively seeking financial support for the acquisition and importation of the intended electric vehicle (EV) fleet. Mbay Mobility aims to combat air pollution and reduce carbon emissions in West African cities, with its business model grounded in bank loans and digital services for taxi operators. The strategic focus on the EV market aligns with the growing competition, particularly in Ghana, where approximately seventeen thousand electric vehicle fleets were operational as of November 2023.
In another development, Nestcoin, an African Web3 company, expands its Onboard Wallet to Kenya, allowing users to fund their Onboard USD Card with Kenyan Shillings. Nestcoin had previously announced a $1.9 million funding round in September 2023, with plans to utilize part of the funds for Onboard's expansion, aligning with the company's mission to provide universal access to world-class financial services.