LONDON/KAMPALA (Thomson Reuters Foundation) -The first time Jaja, a Ugandan woman, saw her one-year-old granddaughter, she was in the arms of an American man who she was told had “bought” the child.
Meet SafeBoda, the African ride-hailing and fintech company
Ugandan bike-hailing startup, SafeBoda has secured a Series B investment co-led by Allianz X and Go-Ventures. This was announced on Tuesday, May 7 by Allianz X.
Allianz X is the digital investment unit of Germany’s Allianz Group, and part of the group’s Renewal Agenda while Go-Ventures is the venture capital arm of Indonesian startup—GOJEK, investing globally in early-stage ventures.
Allianz revenue of 130.6 billion euros places it firmly in the top 5 largest financial services companies in the world. Allianz X invest in digital growth companies that are part of their ecosystems related to insurance: Mobility, Connected Property, Connected Health, Wealth Management & Retirement, and Data Intelligence & Cybersecurity while also helping to drive innovation across Allianz operating entities.
Ugandan president Yoweri Museveni on Tuesday received the first two of four CRJ900 aircraft ordered by the Uganda National Airlines Company at Entebbe International Airport.
The planes received the customary water cannon salute, as new airplanes operating commercially for the first time.
The Bombardier CRJ900 planes will operate under the revived Uganda Airlines, following several unsuccessful attempts to start a local-based airline.
In 2018, President Museveni told Parliament that the government would revive Uganda’s defunct national carrier.