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After $1.2m Seed Round, Toronto-based Plentywaka Acquires Stabus Ghana

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Plenty Waka

Africa’s public transportation sector is gradually evolving with the emergence of new technology-driven modes of transportation. To speed up the pace of this evolution, Toronto-headquartered shared mobility startup, Plentywaka, which provides hassle-free shared rides on-demand, announced that it has fully acquired Stabus, one of Ghana’s leading mobility startups. This is a step to further Plentywaka’s ambition of building the largest shared mobility platform on the African continent, starting with West Africa.

PlentyWaka

Plenty Waka

Stabus was launched in 2019 by its co-founder, Isidore Kpotufe who shared that the startup has moved over 100,000 people in Accra, the capital city of Ghana. Their services include daily bus-stop to bus-stop transportation as well as providing staff bus solutions for multinationals like MTN Ghana and GB Foods.

 

Following up on the acquisition deal announced today, Stabus will now be known as Plentywaka Ghana with the mobility platform offering a range of low-cost and premium vehicles which includes cars, mini-vans and buses for public transportation. Isidore Kpotufe will become the Country Manager of Plentywaka Ghana and will be joined by the current team of Stabus.

Plentywaka’s acquisition of Stabus comes in the wake of announcing its seed round of $1.2M USD, only two months after successfully ending the Techstars Toronto Accelerator Program in July 2021. This investment in Plentywaka attracted a wide range of investors from Canada, the United States, China and Nigeria. The Xchange, a Toronto based fund, led this seed round, while Techstars followed on their previous investment in Plentywaka to participate in the round as well. Other investors include SOSV, the most active VC globally in the angel/seed deal type and ShockVentures, a VC from the United States.

Nigerian investment firms who participated in the round include Argentil Capital Partners and ODBA & Co Ventures, an early-stage investor in Kuda Bank. There were also a couple of angel investors from Canada, the US and Africa who also participated in the seed round to give Plentywaka the much-needed boost to continue its impressive growth.

Plentywaka’s Co-Founder & CEO, Onyeka Akumah said,

“Plentywaka’s acquisition of Stabus is a firm statement about our commitment to grow and build the largest shared mobility startup in Africa, one country at a time. Isidore is a brilliant entrepreneur and we are excited about having him and his team execute our plans for the Ghanaian market as Plentywaka Ghana’s operations commences on the 16th of September in Accra. In addition to our work in Ghana, we are also really happy about the progress we’ve made in Nigeria as well to scale our Dailywaka service that provides bus-stop to bus-stop transportation service for thousands of commuters. Today, we have moved close to half a million people and that’s a credit to the effort of my team, our heroes (a term used to describe Plentywaka drivers) and our investors who continue to believe and support our growth with their investments.

With our Travelwaka service, we have been able to cater for interstate travelers across 21 cities in Nigeria and we are looking to expand to more cities as new bus partners sign up with us.”

Todd Finch, Founder and Managing Partner of The Xchange, the lead investor in the seed round, commented

“The Xchange is on a mission to fuel purpose-driven founders with the capital and resources they need to realize the world-changing potential of their ideas. Given Onyeka’s proven track record, his team’s undeniable thirst for making an impact, and Plentywaka’s impressive growth, we knew this was an opportunity we wanted to invest in.”

With over 25 years of experience in building innovative technology startups, Todd Finch shared

“The Xchange is excited to help Plentywaka accelerate and scale their impact. “We are excited to support Onyeka and the team with the resources they need to realize the full potential of their vision to change the African transport ecosystem. We have been most impressed with Plentywaka’s human-centred approach, putting the drivers as the heroes of the story while creating an exceptional passenger experience. We are committed to supporting the vision of Plentywaka, its founders, and its journey for many years to come.”

Also speaking on Techstars participation in the Plentywaka seed round, Sunil Sharma, Managing Director of Techstars Toronto said,

“We are incredibly excited by our investment in Plentywaka. Techstars is a huge believer in the future of Africa and a proud supporter of African entrepreneurs. Onyeka is a two-time Techstars founder which deepens this
relationship further.”

 

 

 

 

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Source: GhArticles.com

 

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Ghana News Articles

GHS Declares December As Month Of Vaccination

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COVID-19: Second Jab Of AstraZeneca Vaccine Starts Tomorrow, August 31

The Ghana Health Service has declared December as the ‘month of vaccination.

This was announced by the Director-General of the Ghana Health Service (GHS), Dr. Patrick Kuma-Aboagye, at a press briefing on Sunday, November 28, 2021.

Speaking at the presser, Dr Kuma-Aboagye disclosed that the country is expected to receive over 7 million Covid-19 vaccines before the year ends.

“With the increasing and availability of vaccines in reasonable quantities in the pipeline, we are declaring December the month of vaccination,” he said.

He stated that due to an anticipated surge in active cases after the Christmas festivities, the Service has enhanced its measures aimed at putting the situation under control.

“Currently, what we are doing is that we’re taking the vaccines to the people. We’re going to schools, workplaces, churches, churches, and mosques, lorry parks, market places, sports stadiums, house to house to vaccinate people and ensure that more people are vaccinated,” he said.

“We’re going to increase surveillance, contact tracing will be enhanced, religious institutions will be engaged to ensure that the protocols are observed at all functions, and we’re going to work with the security institutions to ensure that the protocols are observed,” he added.

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Touching on the numbers that have so far been vaccinated, he indicated that 21% of the expected population (i.e government’s target of vaccinating 20 million people before the end of 2021) have received at least a dose of the vaccines, adding that 7% of the expected population have been fully vaccinated.

He further noted that though the country has seen a significant reduction in the cases, there is still the need to strictly adhere to the safety protocols.

According to him, a total of 1,980,369 tests have been conducted so far. Out of this figure, “131,082 cases have been confirmed, the number of active cases stands at 713, deaths recorded stands at 1,220, there are still 22 severe cases, and 0 critical conditions.

 

 

 

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Source: GhArticles.com

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Seven Interesting Facts You Should Know About NSMQ Finalist, Francesca Lamini

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Seven Interesting Facts You Should Know About NSMQ Finalist, Francesca Lamini

The almighty KETASCO has proven herself worthy by striving to battle with the giants, PRESEC and PREMPEH in the grande final of the most anticipated NSMQ.

Not only are they being applauded by their outstanding performance, their also being praised for producing the only female contestant to appear on the quiz’s finals in 8 years

In view of this, GhArticles.com presents to you 7 interesting facts about Francisca Lamini who became a household name after her participation in the National Science and Maths Quiz (NSMQ) 2021. Owing to her exceptional performance alongside, Bright Senyo Gadzo and James Lutterodt, they were able to send their school, KETASCO to the finals.

Below are 7 interesting facts about Francisca Lamini:

  1. Francisca Lamini is the first female contestant to make it into the NSMQ finals in the last 8 years: It is hard for females to make it to the finals, but she was able to support her team till they reached the finale of the competition.
  2. Lamini was declared the most outstanding Female contestant: Owing to her brilliant performance, she was declared the most outstanding female contestant of the NMSQ 2021.
  3. She is the member of Church of Pentecost: Not only is she serious with her books. She is also committed to her relationship with God. She is the PENSA president at her school, KETASCO.
  4. She is the first female to send Volta Region to NSMQ finals: In the history of the NSMQ, no school from Volta Region has ever made it to the finals, Together with her team, Francisca Lamini and her friends were able to achieve this.
  5. Francisca Lamini was always on top of her class from Primary to JHS: She started setting the records of excellence from childhood. She is said to have been a top performer from her primary school days to JHS. She continued in the same light to SHS.
  6. She’s the first KETASCO female student to reach NSMQ finals.
  7. She confirmed scoring 8A’s when she sat for the Nov/Dec WASSCE while in second.
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Congratulations to a queen, we say ayekooo!!!!

 

 

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Source: GhArticles.com

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Police Arrest Police Officer Over Sexually Harassing A Woman In Viral Video

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Police Arrest Police Officer Over Sexually Harassing A Woman In Viral Video

A police officer with the Operations Unit of the Bono Regional Police Command, seen in a viral video sexually harassing a woman, has been arrested to aid investigations.

General Lance Corporal Victor Antwi Yeboah is seen in the video touching the thighs of the female victim, who was screaming in the background asking what the officer was doing.

A statement released by the police said he was arrested “for violating the dignity of the victim and is currently assisting the investigations.

“Preliminary investigation indicates that the male person involved in that shameful and despicable act is a Police officer stationed at the Regional Operations Unit, Bono Regional Police Command.”

The Inspector-General of Police, Dr George Akuffo Dampare, has reportedly reached out to the victim and “assured her of thorough police investigations.”

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She has also been assured of other necessary support including psychological care and trauma therapy.

“The Police Administration further assures the victim and the public that full investigations will be conducted into the matter and the public will be updated in due course.

“We unreservedly apologise to the affected woman in particular for what she experienced and to the public at large since the matter affects the very moral foundation of our country,” it said.

Below is the full statement:

Police Arrest Police Officer Over Sexually Harassing A Woman In Viral Video

 

 

 

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Source: GhArticles.com

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