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Nigeria based startup Autochek looks to bring the sales and servicing of cars in Africa online. The newly founded venture has closed a $3.4 million pre-seed round co-led by TLcom Capital and 4DX ...
So it’s important to clear that up. In 2017, Cars45 raised $5 million from Frontier Car Group (FCG), the Berlin-based company that builds used-car marketplaces focusing on emerging markets. This ...
Africa’s startup boom is moving into the used-vehicle space. Nigeria based Cars45.com raised a $5 million Series A round from the Frontier Cars Group, a holding company whose backers include ...
On 20th May, 2022, Innoson presented its first "Keke". Kekes are three-wheeled motor vehicles and the main means of transport in Nigeria. They have so far been imported from the Far East and usually cost about 800,000 Naira or 1,600 Euros. Innoson announced a selling price of 500,000 Naira or 1,000 Euros.
Craigslist Inc. Craigslist (stylized as craigslist) is a privately held American company [ 5] operating a classified advertisements website with sections devoted to jobs, housing, for sale, items wanted, services, community service, gigs, résumés, and discussion forums.
In American slang, a lemon is a car that is found to be defective after it has been bought. Akerlof's theory of the "Market for Lemons" paper applies to markets with information asymmetry, focusing on the used car market. Information asymmetry within the market relates to the seller having more information about the quality of the car as ...
History. Automotive industry in Nigeria dates back to the 1950s and consists of the production of passenger cars and commercial trucks. [ 2] Early production was led by the assembly line of Bedford TJ trucks made by United Africa Company 's subsidiary, Federated Motors Industries and SCOA's production of Peugeot 404 pickup trucks.
In 2010, Cheki launched as an online car classified for dealers, importers and private sellers in Kenya. The startup, headquartered in Nairobi, expanded operations to Nigeria, Ghana, Tanzania ...