How New Investment from Belarus Looks Set to Give the African Transport Industry a Boost

How New Investment from Belarus Looks Set to Give the African Transport Industry a Boost
How New Investment from Belarus Looks Set to Give the African Transport Industry a Boost. Image source: Pixabay

Revenue from Ride-hailing apps like Uber have grown $314m in 2019 in Africa. Most of the continent, and especially Nigeria has seen massive growth in online apps and new employment opportunities have come about because of them. THis looks set to continue as Belarussian firm Onde.app has recently entered the ride-hailing market in Africa.

Onde.app offers a white label software solution to make it much easier for individuals to start their own ride-hailing businesses. This means you could start your own rival to Uber and Lyft, keeping more of the profits and benefitting from your own expansion. Expand into new markets like Africa and hire more of your own drivers, all thanks to Onde.app.

Revenue for ride-hailing apps is expected to show an annual growth rate (CAGR 2019-2023) of 18.4%, resulting in a market volume of US$616m by 2023. That means there’s a lot of money to be made from ride-hailing, Unlike some markets, Uber has not taken over the whole continent yet—so there’s still places for entrepreneurs in the right markets to make the most of their own rivals to more-established ride-hailing options.

Eugene Suslo, the CEO of Onde.app, has this to say about the company’s expansion into Africa:

“Africa is developing quite fast, just looking at the ride-hailing market: in Europe we have more ‘old-fashioned’ taxi services and in Africa almost every new client is into Uber-like apps. Looking at our African clients, we can say that this region has huge potential because it has so many bright and ready to risk entrepreneurs!”

Africa is one of the fastest-growing markets in the world, so it stands to reason that foreign investment what’s to start to capitalise on this. But this isn’t just foreign companies trying to make money out of the continent—they provide a great way for new business owners in Nigeria and other African countries to start making more money and growing their apps and taxi businesses on a much bigger scale.

Not only that, but the growth in ride-hailing in Africa helps give more jobs to normal people. Ride-hailing has been a revolution in Europe and North America. It’s a great way to become self-employed and work as and when you want. Becoming a ride-hailing app is a flexible way to make a living around other commitments like education or another job, or a great way to become a full-time driver with more potential clients turning to similar apps.

Ride-hailing is going to be big in Africa. Do you want to be a part of it or not? There are going to be countless opportunities for both entrepreneurs and small-business owners. Starting your own ride-hailing app is easy with the companies offering ride-hailing tech solutions and driver-apps such as Onde.app. You could be the first in your area to offer unrivaled ride-hailing opportunities.