Gozem’s $30 million bet is driving mobility and fintech inclusion across Francophone Africa
- Rwanda ranks second in Africa for ease of doing business, driven by reforms like 6-hour company registration and free trading licenses.
- The Kigali Innovation City project is a $2 billion tech cluster aimed at becoming a pan-African innovation hub.
- Gozem raised $30 million in a Series B financing round to enhance vehicle financing and expand its fintech services.
The developments in Rwanda and Gozem represent a significant shift in the tech landscape of Francophone Africa, showcasing the potential for innovation and economic growth. However, it is crucial to address the challenges of market size and local competition to ensure sustainable growth and prevent the marginalization of smaller players.
