MAX.ng to use $31 million Series B funding to expand across Africa, deploy electric vehicles infrastructure and provide credit to drivers.
The ₦400m Series 1 Bond is MAX’s first-ever bond issuance and the first bond issued by a mobility company in Africa.
The Benjamindada team is using this independence day to celebrate sixty entrepreneurs that we believe have done wonderfully.
The Lagos State Government has said the reason Gokada, Oride, MAXOkada and other bike-hailing startups are affected by the ban on tricycles and bikes is because they are part of the problem
The Lagos State Government has announced the ban of tricycles (AKA "Keke NAPEP" or "Maruwa") and motorbikes (AKA Okada), including ORide, Gokada and MAXOkada. But by the book, there is a wiggle room for bike-hailing startups to negotiate the sanction.
Effective from Saturday, February 1, 2020, tricycles and motorbikes are restricted from operating in six local government areas, nine local council development areas, 10 major highways and 40 bridges across Lagos State—the commercial capital of Nigeria.