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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 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
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