Hey Guys,
Welcome to a fresh and super-duper week. Here is a steaming serving of the first Big 5 Daily gists of the week.
Remember when we reported the ban of commercial motorcycles in Lagos Nigeria that affected e-hailing startups in February? Now, e-hailing startups with more than 1000 registered vehicles will have to pay annual licensing fees of N25m while those with less pay N10m from 20th August 2020.
Kenya Food delivery startup, Twiga Foods has changed its planned expansion into West Africa. The startup intends to take advantage of the gradual easing of surrounding markets post-COVID-19 to expand its footprint. It is currently sourcing for funds to explore closer cities within East Africa.
Also, Kenya-based Compulynx has introduced an AI-based Contactless Thermometer to help contain the spread of COVID-19. The device utilizes advanced facial recognition technology to identify those wearing face masks and determines their body temperature from afar. Amazing right?
See also: The Big 5 Daily: 7th August 2020
Delivery Gross Bookings YOY Accelerates to 113% Compared to 54% YOY in Q1 2020. Also, revenue declined by 29% to $2.18 billion from $3.17 billion recorded at the same time last year. These and many more are in the Uber 2020 Q2 Report.
Finally, MEST Africa has released a list of its country winners for the 2020 challenge. Debo Engineering won in Ethiopia, Fundis in Kenya, Tutoo+in Ivory Coast, BAG Innovation in Rwanda, and Gradely in Nigeria were amongst the finalists from across the continent.
And off you go ahead into the new week. Stay safe, and see you tomorrow.
