Gozem Receives $10m From IFC to Finance 6,000 Vehicles in Togo and Benin

Gozem Receives $10m From IFC to Finance 6,000 Vehicles in Togo and Benin

According to Gozem, a Francophone Africa-focused smart app, 12 million motor vehicle drivers work in informal markets across West and Central Africa. But there’s a catch: these drivers can’t have their automobiles financed through traditional banks or microfinance companies. Instead, many turn to payday lenders, who demand exorbitant interest rates—some as high as 70% yearly….

West African super app Gozem is live in Cameroon

West African super app Gozem is live in Cameroon

Gozem, the super app that is already available in Lome, Cotonou, Libreville, and other West African cities, has announced the launch of its taxi booking service in Douala, Cameroon. Gozem, a taxi-hailing service launched in Togo in November 2018, now operates in 12 cities across Togo, Benin, Gabon, and Cameroon, with over one million downloads…