German investor Allianz X chooses Uganda’s SafeBoda as its first African investment

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.

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Africa’s historic Free Trade Agreement signed – Kigali, Rwanda

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“54 countries with a population no less than one billion marks the creation of the world’s largest economic and free trade area,” International Trade Centre Director, Arancha Gonzalez reacts as the African Continental Free Trade Area is born

Uganda receives two passenger planes in the push to revive national carrier that collapsed early 2000

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.

A US tourist and a Ugandan driver are being held for $500k ransom

American kidnapped in Uganda rescued unharmed along with driver after 5-day ordeal

An American who was kidnapped along with her driver in Uganda last week has been recovered unharmed, a spokesman for the Ugandan government said Sunday. The pair were recovered along the border with the neighboring Democratic Republic of Congo (DRC).