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After raising $45 million in February, GoCab, the mobility fintech that operates Yango’s largest fleet in Côte d’Ivoire, has handed over 100 fully electric cars to driver-partners in Abidjan. The deployment is the first half of a 200-vehicle programme and gives the company one of Africa’s largest operational fleets of electric ride-hailing cars. It also makes Côte d’Ivoire the current front-runner in a race that has, until now, mostly played out on two and three wheels. “For a professional driver, fuel is not a minor expense. It is one of the highest daily costs of doing business,” Moulaye Tabouré, the country manager and managing director of GoCab Côte d’Ivoire, said in a statement. “Reducing that cost by 60% to 80% can fundamentally transform a driver’s economics.” The vehicles will operate mainly on GOYA, Yango’s premium ride-hailing service in the country. Fuel is one of the highest daily costs of the job for drivers working through Yango’s platform. GoCab is layering that saving onto its drive-to-own structure, under which drivers make regular payments from their ride-hailing income over three years, after which the vehicle transfers to them. This is a model similar to the one that drove Moove, a Nigerian mobility fintech, to a $2 billion valuation. GoCab is betting on those savings to onboard drivers. A full charge costs about 8,000 FCFA ($14) and covers up to 470 kilometres, while a petrol or diesel vehicle burns through 20,000 to 40,000 FCFA ($35 to $70) in fuel to travel the same distance, according to the company’s operating benchmarks. That works out to roughly a 60% to 80% reduction in energy costs. Over 10,000 kilometres, a driver could keep between 255,000 and 681,000 FCFA (about $444 to $1,186) that would otherwise go to the pump. This has led to a sharp rise in demand as over 300 existing GoCab drivers have already completed over two years in the programme and are expected to begin taking ownership from 2027, the company said. Image Source: GoCab Yango’s contrarian bet is paying off in EVs first The Abidjan handover fits inside a much larger Yango strategy. In May, Yango Africa CEO Adeniyi Adebayo told Bloomberg the Dubai-based company plans to invest at least $150 million in African expansion this year, targeting entry into 10 new markets. The new markets sit outside the Big Four of Nigeria, Egypt, South Africa, and Kenya, as the company focuses instead on secondary cities in West and Central Africa alongside Namibia, Botswana, and Mozambique. That geographic choice is a byproduct of how Yango reads African economies. In a June interview with TechCabal, Adebayo argued that cities, rather than countries, drive African economic activity and that Yango’s expansion strategy treats them as the primary unit of analysis. Yango enters at the densest node of commercial activity in a market, builds it to profitability, then uses that cash flow to subsidise expansion into secondary and tertiary cities. Bouaké, Côte d’Ivoire’s second-largest city, is the working proof, as Yango launched there in 2022, saw almost nothing for three years, and now counts it among its best-performing cities. Côte d’Ivoire was the first market for Yango Motors, the group’s automotive arm, when the business launched at the Abidjan Auto Show in September 2025. GoCab’s 200-vehicle deployment is the first visible instalment of Yango’s EV pipeline in the country. A different bet from the Lagos and Kigali playbooks Africa’s electric mobility story has so far belonged to two- and three-wheelers, as they are cheaper, easier to charge, and slot into the informal economy that dominates most African cities. In East Africa, the biggest EV mobility players are motorcycle operators. Ampersand runs over 4,000 electric motorcycles in Rwanda and more than 1,300 in Kenya, supported by 25 battery-swap stations, and announced in August 2025 that it planned to reach 13,000 motorcycles across East Africa by early 2026. Spiro, the largest player, has deployed over 100,000 electric motorcycles and 2,500 swap stations across seven African markets, but again, on two wheels. Four-wheeler EV ride-hailing has been the harder segment to unlock because the vehicles cost more upfront, need higher-margin fares to pay back, and depend on a customer base willing to pay for premium rides. Most African markets have not been able to sustain that combination at scale. GoCab’s 100-vehicle deployment does not match Ampersand’s or Spiro’s motorcycle fleets in unit count, but it operates in a different segment with different unit economics. If GoCab’s Abidjan programme holds up on unit economics, Yango has a repeatable template for the West and Central African markets it is expanding into. If it does not, motorcycles will remain the only proven electric mobility category on the continent, and the four-wheeler bet will have to be shelved. True scale demands moving beyond surface-level integrations to robust execution. We’ve filtered the noise out of Moonshot 2026, optimising the conference strictly for high-calibre connections between startup founders, global financial operators, enterprise leaders and individuals rewiring Africa’s technical frameworks. Get 20% off Early Bird tickets for a limited time.
Read MoreIn 2008, when Nigeria’s stock market collapsed, *Faramade recalls her mother losing money she had invested in shares. “I can’t remember all the details, but there was a certain gloominess around her at the time,” she said. Her mother belongs to a generation of Nigerians who lived through one of the country’s worst market crashes. Between 2004 and 2007, a booming economy and widespread optimism drew thousands of first-time investors into the Nigerian stock market. Much of the rally was fuelled by investors borrowing from banks to buy shares, pushing stock prices to record highs. Then came the crash. The 2008 global financial crisis, triggered by the collapse of the United States housing market, caused stock prices to tumble. As share values fell, many investors rushed to sell their holdings to repay bank loans, accelerating the market’s decline. Between March and December 2008, investors lost an estimated ₦6.96 trillion ($55.03 billion at the then exchange rate of ₦126.48/$). Nearly two decades later, another generation is embracing the stock market, this time through smartphones instead of stockbrokers’ offices. Many are too young to remember the crash that shaped their parents’ relationship with investing. “Everything in life is a risk. Why sit with the thought of it crashing and not do anything?” Faramade, a Lagos-based communications professional, told TechCabal. “Even my mum, who faced the crash, invests through Bamboo now.” For the past year, Faramade, who earns a little over ₦800,000 ($578.42), has invested at least ₦200,000 ($144.61) monthly through Bamboo, a Nigerian digital investment platform. She relies on recommendations from her stockbroker, market news, and conversations with a close friend who has been investing for years. Her portfolio has suffered only a handful of losses. “The most I have at once has been ₦150,000 ($108.45),” she said. Several of her successful investments have generated returns of around 30%, reinforcing her commitment to investing consistently rather than trying to time the market. Faramade is part of a growing number of Nigerians turning stock investing into a monthly habit. Data Tool Stop Spectating, Start Compounding. The ghosts of 2008 are gone. Move the sliders to see how small, audacious habits multiply—and exactly what it costs you to hesitate. Monthly Invested ₦20,000 Expected Annual Return 15% Timeframe 5 Years Your Projected Empire Your Total Deposits ₦1,200,000 Pure Market Growth + ₦593,767 ■ Your Money ■ Market’s Money Final Balance ₦1,793,767 A solid financial foundation. The Cost of Hesitation Wait just 1 year to start, and you permanently lose ₦0 in compound growth. The revival of retail investing reflects more than the recent stock market rally. Investment apps have made buying shares as easy as making a bank transfer, while financial information shared on podcasts, newsletters, and social media has made investing less intimidating. At the same time, stronger corporate governance, tighter regulation, and solid market performance have helped restore confidence in a market long defined by the trauma of the 2008 crash. The result is a new generation of Nigerians investing small amounts every month, not simply to chase rising share prices, but to build wealth over the long term. Domestic retail investors traded ₦2.86 trillion ($2.07 billion) worth of equities between January and May 2026, a 138.76% increase from the same period a year earlier, according to Nigerian Exchange (NGX) data. Retail investors now account for 36.22% of all trading activity on the exchange. The surge has coincided with one of the world’s strongest stock market rallies. Nigerian equities have returned 67% in dollar terms this year, overtaking South Korea to become the world’s best-performing stock market among the 92 exchanges tracked by Bloomberg. The investors driving the boom are not all wealthy. Many are young professionals investing fixed amounts every month. Some are saving for weddings or future children, while others simply want better returns than a savings account can offer. For many, the amount matters less than building the discipline to invest consistently. Investing as a habit *Funmi opens two investment apps on her phone every month-end. Through Afrinvest PlutusNeo, the Lagos-based human resources professional invests ₦20,000 ($14.46) each month in U.S. mutual funds. She invests another ₦20,000 ($14.46) in Nigerian equities through Afrinvestor 2.0. “I have been doing this for about a year,” she said. Funmi earns less than ₦400,000 ($289.21) a month and does not consider herself a sophisticated investor. She does not spend hours poring over company financial statements. Instead, she buys shares in companies she recognises, adding to her portfolio every month as routinely as paying a utility bill. “I look at the big names that are popular on the app and make my pick,” she said. Her investment journey began after attending an investment event organised by Fintribe. “I decided to try it. It was just something to do with a little spare cash to see what would happen,” she said. For Lagos-based product manager *Doyin, the biggest change has been consistency. Although she opened a stock investment account three years ago, she only recently began investing a fixed amount every month. “Investing in stocks used to be random for me,” she said. “I would suddenly remember that I had a stock account, check how the market was performing, and top it up. It was only last month that I decided to start investing a specific amount every month.” Doyin’s portfolio is concentrated in Nigerian equities, reflecting her preference for companies whose businesses she understands and believes in. “I try to keep my stock options to a minimum so I can easily keep track of their performance.” The dividends from her earlier investments have been modest, but she has consistently reinvested them rather than cashing out. “I’ve always seen myself as a long-term investor, but I only started taking the stock market seriously last month. I also invest in mutual funds and money market funds, but now I’m becoming intentional about stocks.” System Insight The Market Takeover Simulator Your monthly investment might feel small compared to the ₦4.06 trillion traded by institutional giants. But what
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Most of us left the university with a degree and a vague idea of what might come next. Norah Kimathi, a graduate of informatics and computer science from Strathmore University, Kenya, is leaving with a company, a growing list of awards, and robots that could change how deaf students learn science. When we spoke over a video call, she was between university deadlines and startup meetings, slipping effortlessly from discussions about artificial intelligence to stories of dismantling household electronics as a child. Instead, she spoke with the matter-of-fact certainty of someone who has spent years solving problems that most of us never notice. The conversation kept circling back to one moment. During her mentoring of young people in STEM, she met deaf students struggling through STEM classes because qualified sign language interpreters were scarce. It struck her as an engineering problem as much as an educational one. If technology could automate factories, navigate roads, and diagnose disease, why couldn’t it bridge one of education’s oldest accessibility gaps? That question became ZeroBionic, the startup she co-founded in 2021. What began as a robotic hand assembled from recycled plastic inside a university workshop has evolved into AI-powered humanoid robots capable of translating spoken language into sign language in real time, technology that could soon find its way into every classroom. We spoke about curiosity, building with whatever is within reach, the optimism required to create hardware in Africa, and refusing to accept that accessibility should always come later. This interview has been edited for length and clarity. Before the robots, the awards, or the conference introductions, what kind of child was Norah, and what part of her rarely makes it into a media profile? My entrepreneurship journey began when I was 15. I was always fascinated with tech, engineering, math, and generally STEM-related courses. Where we stayed in Kenya, I constantly saw the struggles people faced whenever it rained. Roads would flood, and there was no way to alert family to take different routes. At that time, I didn’t have a phone to warn anyone. So I decided to make my own phone using Lego bricks. I tinkered around, and though it obviously didn’t work—I was just 15—it actually looked like a real phone. When my parents saw it, they realised I had a passion for engineering and innovation at such an early age, so they registered a company for me. I was my very own CEO at 15. What people rarely see is the part where I spend sleepless nights in the lab, probably three or four days in a row. You’d find I’m there at night, the next day, the next night, the next day; it’s like a continuous loop. This is not something that’s ever been done in Africa. We are the ones laying the foundation, and by 2028, we hope to open-source billions of parameters. We need more time than a normal human being has, and that’s a side people don’t get to see. But at the end of the day, if you see the output, that’s what matters. How much did you actually know about accessibility and assistive technology before your encounter with deaf students during that STEM mentorship? I always had a passion for building technological solutions, and I never wanted to see people suffer, whether from climate issues, disabilities, or marginalisation. Seeing that I had tech skills on one hand, and on the other hand, I didn’t want people to suffer, the first encounter I had where a solution was needed was with deaf students. That’s when I knew I’d use my skills to bring a solution. I wouldn’t say I had any background in assistive tech or accessibility. It was more about growing up and seeing persons with disabilities sidelined from STEM, which shouldn’t be a privilege but a right. I just realised I needed to find a solution, and I did find one. It was more the environmental and surrounding impacts I saw at an early age. Looking back, what assumptions about education did that encounter overturn, and what did it demand of you as an engineer that you weren’t trained for? Most people take education for granted, as something that starts at five and ends when you graduate and start working. It’s normal for them. But I came to realise that for some, it’s normal; for others, once they get it, they take it as an honor. My end lesson was that people shouldn’t take something for granted; they should regard it with all the honor it deserves. Because when you get access to education, you don’t realise it’s what gives you employment, opens doors, and puts you on big stages. But some people don’t get access simply because they’re differently abled or lack resources. Be grateful because you never know how much somebody else would want to be in your position. Those are the doors we want to open, so it’s not a privilege but a right, just like for all of us who can see, hear, or talk. Image source: Norah Kimathi. Sophistication and speed are usually the bedrock for robotics companies, but you decided to go the climate way, building with recycled materials. Why? What came about that? When we started, we were targeting students in marginalised areas, schools without internet, without roads, disconnected from urban settlements. These schools couldn’t afford humanoid robots, going for hundreds of thousands of dollars. We realised we were building for a target market that wasn’t there. So we started looking for ways to subsidise the cost. Also, many people asked about the environmental impact of using metal, which is one of the biggest pollutants. We didn’t want that either. Conserving the environment was at the forefront of everything, but we didn’t know how to offset it. When the idea came to subsidise costs while conserving the environment, it was a win-win. Using recycled plastics for the outer casing reduced costs by over 60%. It was affordable for us to build at a
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