Connect with us
iubh
Advertisement
Alpha
Advertisement
Hotflex
Advertisement
british airways
Advertisement
Advertisement
UBA
Advertisement
Patricia
Advertisement
app

Business News

PlentyWaka joins Techstars accelerator program, plans expansion to Canada

PlentyWaka will join nine other startups in the class of 2021 and secure funding from the accelerator program

Published

on

Plentywaka, Nigeria’s first bus-hailing app announced that it has been accepted into the Techstars Toronto accelerator program.

The startup will join nine other startups in the class of 2021 and secure funding from the accelerator and also gain access to a world-class network of entrepreneurs and investors with the opportunity to expand its services globally starting from Canada.

Launched in 2019 by Onyeka Akumah, Johnny Ena, John Shaibu, and Afolabi Oluseyi, the Lagos-based company operates an “Uber-for-buses” model connecting commuters with buses via their mobile app.

READ: Flutterwave raises $170 million Series C Round, now valued at $1 billion

This is coming alongside the launch of the Interstate travel service where commuters can now purchase bus tickets from a variety of bus travel companies using the Plentywaka mobile App.

According to Techstars, “This huge announcement is a reflection on how much of an impact we have made over the last 18months of moving 300,000+ commuters through their daily commute across three states in Nigeria”

In 2020, the company received a seed funding of $300,000 from Microtraction, Niche Capital, and EMFATO and a partnership with Innoson Vehicles Manufacturing, Nigeria’s first indigenous automotive manufacturer.

READ: Plentywaka raises $300,000, seeks partners as it launches operations in Abuja

Sigma Pensions

What they are saying

Onyeka Akumah Co-Founder and CEO, said, “We are very excited about this new investment to partner with Techstars. This is the second time a startup I founded will go through a Techstars accelerator program and we are truly happy they have believed in our ability again to execute. The Plentywaka team will join the Techstars Toronto program to gain further funding, mentorship, and access to a rich network of entrepreneurs and experts in the travel industry. This will also see us expanding globally to other countries, starting with a city in Canada on or before the fourth quarter of 2021”.

Sunil Sharma Managing Director, Techstars Toronto also said “Our only goal is to leverage the broader ecosystem to support and grow these incredible companies. Techstars is the worldwide network that helps entrepreneurs succeed, and strong partners and mentors help make this happen.”

british airways

Janet John is a graduate of Chemical Engineering from the University of Uyo. She specializes in technical writing where she creates easy to read documentation, articles to clearly and efficiently explain highly complex processes. When she is not writing, she works as a freelance front-end developer

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Business

NPA suspends Electronic Call-up for trucks at APM terminal, Apapa

This follows a fallout of the dispute between members of the Maritime Workers Union and the management of AP Moller Terminals.

Published

on

 Onitsha River Port Set To Receive 1000 Containers from Lagos Next Week

The Nigerian Ports Authority (NPA) has announced the suspension of the Electronic Call-up for trucks (ETO) for cargoes bound for the AP Moller Terminal (APMT) in Apapa.

This follows the disruption of operations at the terminal which is a fallout of the dispute between members of the Maritime Workers Union and the management of AP Moller Terminals.

This disclosure is contained in a series of tweet posts by NPA on its official Twitter handle on Thursday, April 15, 2021.

The NPA said that while it is working towards resolving the dispute between both parties, APMT will not receive or exit cargoes for the next 24 hours.

The tweet from NPA reads, ”Following a dispute with the management of AP Moller Terminals at the Lagos Ports Complex, Apapa, members of the Maritime Workers Union have today, April 15, disrupted operations at the terminal.

While the NPA is working toward resolving the dispute between the two parties, APMT will not be able to receive or exit cargoes for the next 24 hours.

The authority hereby urges stakeholders to please take note, as ETO tickets will not be issued to APMT bound cargoes.’’

What you should know

  • There were earlier reports that the Maritime Workers’ Union of Nigeria (MWUN) on April 15 shut down AP Moller Terminal (APMT) in Apapa.
  • The President-General of MWUN, Mr Adewale Adeyanju, disclosed that the grounding of activities at the terminal is due to the expiration of the one week plus notice given to the management of the terminal to adhere to the laws of the land.

Sigma Pensions

 

british airways
Continue Reading

Business

NCC issues NIN enrollment guideline for foreigners living in Nigeria

All legally resident foreigners are required to obtain a NIN just like Nigerian citizens.

Published

on

Nigerian Communication Commission (NCC) has issued NIN enrollment guidelines for foreigners living in Nigeria.

According to NCC, all persons in Nigeria who use mobile networks are required to register their SIM cards and link them with the NIN database.

This was disclosed by the commission via its Twitter handle on Thursday.

It tweeted, “All persons in Nigeria who use mobile networks are required to register their SIM cards and link them with the NIN database.

All legally resident foreigners (i.e. non-Nigerians living and working in Nigeria) are to obtain a NIN just like Nigerian citizens. They can do this by submitting valid resident/work permits at NIMC enrolment centres.

However, foreigners on tourist or visiting visa are to tender their international passports to acquire a SIM. But where such a visiting foreigner or tourist’s immigration status changes to residency or work permit, he/she will be required to obtain NIN and link the registered SIM.”

It added that the NIN does not confer citizenship on foreigners but only serves to identify a person (citizens and legal residents).

Sigma Pensions

 

british airways
Continue Reading

  





Nairametrics | Company Earnings

Access our Live Feed portal for the latest company earnings as they drop.