Before fintechs became the standouts of the African tech ecosystem, it was startups in the online logistics and transport space in Africa linking on-demand apps to move people and goods around the continent that was all the rave.
For the online logistics space, it’s not difficult to see why investors were quite curious about the market. In Africa, more than $180 billion is spent annually on haulage, and logistics account for more than 70% of a product’s price, according to reports. For comparison, it’s 6% in the U.S. Logistics operators in Africa suffer from various problems, from inconsistent
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