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MAX founders join Endeavor Network

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MAX founders Adetayo Bamiduro, Guy-Bertrand Njoya, and Chinedu Azodoh (Image: Max)

Endeavor announced today that Adetayo Bamiduro, Chinedu Azodoh, and Guy-Bertrand Njoya co-founders of Metro Africa Xpress (MAX) were selected as Endeavor Entrepreneurs after a panel deliberation. The selection came after a rigorous multi-step selection process to identify high-impact entrepreneurs who demonstrate the potential to leverage Endeavor’s resources and mentorship. To create large-scale wealth and jobs and are committed to reinvesting their time and capital in their local entrepreneurship ecosystem. 

Founded in 2015, MAX is building Africa’s largest mobility-tech platform. It aims to serve the millions of independent commercial drivers across Africa who every day move people and goods to where they need to be through the use of 2, 3, and 4-wheeler vehicles. The company provides these independent commercial drivers with financing and tech solutions that ensure they are able to work safely, affordably, and in a way that minimizes damage to the environment. It does this by enabling access to a fast-growing fleet of low and zero-emission vehicles, which include its revolutionary M3 Electric Motorcycle. As well as a service bundle that solves their greatest pain points, such as digital wallets, and savings products, insurance, maintenance plans, and licensing support. 

MAX’s innovative model helps independent commercial drivers to dramatically increase their income to more than 3x the national minimum wage. With current operations in 5 cities in Nigeria and over 7K drivers on its platform, MAX aims to scale its platform and capture a significant portion of the $250B mobility market in Africa.

According to Tosin Faniro-Dada, Managing Director & CEO of Endeavor Nigeria, “We are proud to welcome Tayo, Chinedu, and Guy into Endeavor’s global network and look forward to working with them. They join a select group of inspiring founders, leading some of the most innovative companies in the world”.

Speaking on the value of joining the Endeavor network, Tosin said, “Our goal is to help Endeavor Entrepreneurs become even more successful, pushing them to dream bigger, scale faster and invest in the next generation of entrepreneurs. We provide radical feedback, unparalleled peer and mentor networks, and curated services to help solve many of the common challenges entrepreneurs face. We look forward to supporting more Endeavor Entrepreneurs in Nigeria.”

Speaking on their selection experience and joining the Endeavor network, Tayo Bamiduro, CEO of Metro Africa Xpress (MAX) said, “We are thrilled to be joining a community of innovators and disruptors who are laying the foundations for a better world for all through the power of entrepreneurship. We are excited for the collaborations that this opportunity will unlock, as we continue to advance MAX’s mission of revolutionising mobility in Africa”.

Guy-Bertrand Njoya, Adetayo Bamiduro, and Chinedu Azodoh were selected into the Endeavor network by a panel of global business leaders including Nabyl Al-Maskari (Executive Chairman, Al Maskari Holding & Chairman of the Board of Endeavor UAE), Arjuna Costa (Managing Partner, Flourish Ventures), Andreas Stavropoulos (Partner, Threshold), and Sebastian Gunnigham (Chairman of Santander Consumer Finance and vice-chairman of Openbank).

MAX is the 14th company selected into the global Endeavor network through the regional affiliated office in Nigeria. All three entrepreneurs represent the growing expectation for exceptional entrepreneurs with big ambitions and the ability to execute at scale. 

 

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Press Release

Amila Africa Launches Amila Insights

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Amila Africa Founder, Lethabo Sithole 

Amila Africa is thrilled to announce the launch of Amila Insights, a revolutionary division that is committed to providing advanced analytics, research and comprehensive solutions for businesses, governments, and international organisations looking to achieve success in African markets. The company offers a range of services, including syndicated market intelligence reports, customized research solutions, high-level market access events, content development, and value communication. 

As a budding pan-African and women-led advisory firm specialising in policy, enterprise and infrastructure development within the trade, investment and energy sectors, Amila Africa brings unparalleled expertise to the forefront with the launch of Amila Insights. 

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“With a focus on demystifying development trends and delivering data-driven analyses of opportunities across Africa, Amila Insights serves as the strategic partner organisations need to thrive in the region” said Lethabo Sithole, Managing Director of Amila Africa. “Our suite of services is meticulously designed to empower clients with the tools and knowledge necessary to drive growth and achieve sustainable success.” 

With a steadfast commitment to collaboration and partnership, Amila Insights collaborates closely with clients to develop tailored solutions aligned with their specific goals and priorities. “By leveraging its extensive network and deep understanding of local dynamics, Amila Insights assists clients in identifying new opportunities, enhancing competitiveness, and optimising business strategies,” said Noluthando Mthonti-Mlambo, Executive Director at Amila Insights. 

Amila Insights strives to be more than just a provider of information and data to clients. It aims to challenge the existing narratives on Africa, African businesses, countries, and multilateral organizations and become a trusted source of inspiration and change. 

For businesses, governments, and international organisations seeking to unlock the vast potential of African markets, Amila Insights represents a compelling opportunity to gain useful insights into the complex, evolving and growing African market. With a focus on excellence and a dedication to delivering tangible results, Amila Insights stands ready to be the trusted partner organisation to rely on to navigate the dynamic landscape of African business.

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Africa Finance Corporation Appoints Emeka Emuwa as Chairman of Board

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Africa Finance Corporation (AFC), the continent’s leading instrumental infrastructure solutions provider, today announces the appointment of Mr. Emeka Emuwa as Chairman of its Board of Directors. Mr. Emuwa brings a wealth of experience spread over three decades leading and transforming banking institutions across Africa. After completing a sterling 25-year career with Citibank where he left as the Country Officer and Managing Director of Citibank in Nigeria, he went on to serve as the Group Managing Director and Chief Executive Officer of Union Bank of Nigeria. 

In this role, he led the bank’s transformation and worked successfully with the new shareholders to transform and restore one of Nigeria’s oldest institutions back to its rightful position as a credible and strong provider of financial services. Mr. Emuwa’s extensive experience and unwavering dedication to the advancement of Africa make him a valuable asset to AFC at a time when the Corporation is rapidly expanding its operations across the continent and building partnerships through international collaborations.

He has been a part of AFC’s Board since 2015, previously serving as the Chairman of the Board Risk and Investment Committee, and as a member of the Board Nominations and Governance Committee. He is also the Chairman of Tangerine Financial (U.K.), the holding company for a financial services group providing insurance and pensions solutions across the continent. Mr Emuwa is thus well positioned to oversee and guide AFC on its future strategy and growth aspirations. The Corporation’s mission to accelerate development impact, foster industrialisation, and enhance value capture and retention across the continent through the provision of critical infrastructure, is crucial for African development and prosperity.

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Speaking on the appointment, Samaila Zubairu, President & CEO of AFC, said: “Mr. Emuwa’s considerable experience, insightful perspectives and immense dedication to Africa’s development seamlessly align with our mission. We are confident that under his continued guidance, AFC will continue to make significant strides in transforming the continent. He brings a deep understanding of Africa’s financial landscape within a global context, and has a clear vision for enabling AFC to further amplify its impact.”

Mr. Emuwa commented on his appointment, saying: “I am deeply honoured to be appointed Chairman of Africa Finance Corporation, an institution that has, over the past 16 years, evolved into the leading infrastructure investor in Africa, delivering transformational projects across pivotal sectors of the economy. I look forward to continuing to work closely with the board, management, and all stakeholders to advance AFC’s mission and strengthen its role as a driving force for economic growth and infrastructure development on the African continent.”

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Fawry FMCG Partners Edita to Enhance Digital and Financial Inclusion

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Fawry FMCG has signed a strategic cooperation agreement with Edita Food Industries to provide innovative solutions to facilitate electronic collection systems and digitize the sales collection cycle. Fawry is a company specializing in financial technology solutions for the consumer goods sector, is keen on providing its partners in various sectors with an advanced set of financial technology solutions, especially the food and beverage sector and spreading the culture of digital transformation to achieve a cashless society in accordance with Egypt’s Vision 2030 .

According to this agreement” Edita” representatives and clients will be able to deposit funds collected daily and around the clock through Fawry retail network spread across all governorates of Egypt and Fawry Plus branches.

Besides, “Fawry FMCG” is considered the first and largest electronic financial platform in Egypt that serves consumers and companies through various channels and thousands of service points throughout Egypt.

 “Fawry FMCG” platform currently serves more than 320,000 merchants and more than 100 consumer goods companies, with the aim of digitizing supply and demand processes, and creating an ecosystem where the relationship between the retailer, the sales representative, and the consumer goods company is seamless, digital and cashless.

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Ashraf Sabry, Chairman of Fawry FMCG said: “The partnership represents a bright step for us in Fawry FMCG’s journey in the Egyptian market, as “Edita” is one of the largest food industry companies, and we are excited to work together to develop collection and payment systems in the food industry sector, through the latest innovative and fully secured technology solutions.”

He also stressed Fawry’s commitment to support the Egyptian market and all industry sectors in order to advance the economy and strengthen local markets.

Commenting on the agreement, Edita’s Chairman Hani Berzi said, “We are very pleased to announce our partnership with Fawry, Egypt’s leading provider of e-payment services, who will help Edita digitalize cash collection across its merchant network, improve trade cash management and enhance overall operational efficiency for our business. This is a crucial step toward advancing digital transformation across our organization, which is a key pillar of Edita’s ESG strategy. We look forward to working with the team at Fawry and to realizing our strategic objectives through this partnership.”

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