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    $150,000 pre-seed Appropriation amassed by the Rwanda‘s Ridelink to enhance Development in Africa

    Posted On 04 Sep 2021
    By : New Africa Business News, Staff Correspondent
    Comments: 9

    By Abdul Rahman Bangura–

    Photo Credit: AppAdvice

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Uganda’s peer to peer car rental Ridelink corporation that is delivering resourceful transport remedies to Small and Medium Businesses has secured $150,000 from Ortus Africa Capital, Omidyar Network, and African Leadership Academy’s Young
    Entrepreneurs Fund (Anzisha).

    The Chief Executive Officer and Founder of the corporation – Daniel Mukisa , asserted, the capital will be utilized to create globally robust technology and expedite marketing campaigns.

    Moreover, Ridelink is a third-party carrier and logistics firm concentrated on enabling the development of jobs by establishing endurable and accessible mobility remedies modified to promote the steady running of employment undertakings, boost earnings improve mobility efficiency, performance and ability for businesses to tap into new
    markets.

    “At Ortus Africa Capital we are glad to add Ridelink to our story of creating impact through the provision of much-needed capital to entrepreneurs growing Africa’s economies. By co-investing alongside the Young Entrepreneurs Fund and backing African entrepreneurs with local capital, we hope this helps the entrepreneurs grow but also gives confidence to other investors in the Aan ecosystem to join us on this journey,” mumbles Kenneth Legesi CEO/CIO at Ortus Africa Capital.

    Thokoza Mjo of the Anzisha announced that, Young Entrepreneurs Fund is formulated to exhort co-investments into graduates of the programs like Daniel who have preferred to become career entrepreneurs. Ridelink ascertains the proficiency of very young Africans to build job productive careers and is a mandatory business case for why we
    should all consider the opportunity to invest younger.

    The company was founded in 2017 and has since served over 250 SMEs with over 2000 drivers providing cargoes across East Africa.

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

    About the Author
    New Africa Business News Staff Correspondent
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    9 Comments

    1. Grace September 4, 2021 at 4:39 am Reply

      Thank you for the weekend newsletter. Collective investments are the best way forward. Lagos in Nigeria. Grace

      • New Africa Business News, Staff Correspondent September 4, 2021 at 4:54 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Kim September 4, 2021 at 4:42 am Reply

      Start up young businesses in Africa are starting to pop up all over Afrika. Luanda ANGOLA. Kim

      • New Africa Business News, Staff Correspondent September 4, 2021 at 4:54 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Harona September 4, 2021 at 4:45 am Reply

      Our young youths are creating lot of new businesses. The future is bright. Conakry Guinea. Harona

      • New Africa Business News, Staff Correspondent September 4, 2021 at 4:54 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Andre September 4, 2021 at 4:51 am Reply

      Thank you, Journalist Bangura for the reports. Fan of new Africa news. You are the best. Victoria West in South Africa. Andre

      • New Africa Business News, Staff Correspondent September 4, 2021 at 4:54 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. Kenny September 4, 2021 at 4:53 am Reply

      Awesome job to all our youths in Afrika. Kenny in Nairobi. Kenya

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