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Shuttlers, a Nigerian innovative shared-mobility platform, has secured $4 million in funding for expansion.
The funding round was led by Verod-Kepple Africa Ventures, with follow-on investment from VestedWorld, EchoVC Partners, CMC 21 & Alsa, and SheEquity. Founded in 2016, Shuttlers offers a range of shared transportation options, including buses, vans, and cars, with routes that cover major cities and suburbs across Nigeria. Their app-based platform allows users to book rides in real-time, and the company is committed to providing safe, comfortable, and reliable services. The company aims to make transportation more accessible and affordable for all Nigerians.

The Nigerian government, in collaboration with the Bill & Melinda Gates Foundation, has inaugurated the Nigeria Artificial Intelligence (AI) Scaling Hub.

Kenya has recorded a major milestone in agricultural finance after fintech company Kaleidofin completed the country’s first private-sector local currency securitization focused on smallholder farmers, unlocking fresh capital for rural lending.

Africa Finance Corporation (AFC) has secured its largest syndicated loan facility to date, raising $2 billion from a consortium of international lenders in a strong vote of confidence for the institution’s infrastructure-led development strategy across the continent.