ROAM Africa | TechCabal https://techcabal.com/tag/roam-africa/ Leading Africa’s Tech Conversation Wed, 03 Apr 2024 10:31:17 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 https://techcabal.com/wp-content/uploads/tc/2018/10/cropped-tcbig-32x32.png ROAM Africa | TechCabal https://techcabal.com/tag/roam-africa/ 32 32 Roam secures financing deal with Mogo to grow electric motorcycle adoption https://techcabal.com/2024/04/03/roam-secures-financing-deal-with-mogo-to-grow-electric-motorcycle-adoption/ https://techcabal.com/2024/04/03/roam-secures-financing-deal-with-mogo-to-grow-electric-motorcycle-adoption/#respond Wed, 03 Apr 2024 10:31:15 +0000 https://techcabal.com/?p=131679 Roam, a Kenyan-based electric mobility company, has secured a partnership with Mogo, an asset financier in East Africa, to boost the adoption of electric motorcycles in the East African country. The financing package will first be accessible to riders in Nairobi. 

According to Roam, the partnership also increases the transition to electric motorcycles from traditional motorcycles. Motorcycle riders, popularly known as boda boda riders, are expected to increase their daily earnings by 30%. 

Roam told TechCabal that it is the largest provider of electric motorcycles putting out the largest volumes in Nairobi targeting boda boda riders and B2B providers. For riders participating in the deal, Mogo will offer financing at a rate of KES 25,000 deposit, and a daily repayment of KES 682 for 24 months. The package includes a motorcycle, battery, charger, and two helmets and vests.

“At Roam, our mission is clear, we want to provide the best and most affordable electric motorcycle to the market and Mogo is a great partner in accelerating that mission,” said Mikael Gånge, Co-Founder and Chief Commercial Officer of Roam.

Kenya boasts of about 3 million boda-boda riders according to James Macharia, the minister of transport. The United Nations also estimates that about 5 million Kenyans get their income from riding motorcycles. However, the Kenyan government is keen on converting most of the fuel-based motorcycles to electric.

President William Ruto had on September 1, 2023, launched a national e-mobility programme which has three-wheeled tuk-tuks, or auto rickshaws the focal point of a transition to green transportation. Kenya’s National Transport and Safety Authority (NTSA) plans to convert 2-3 million boda bodas to being electric by 2030.  

Raul Leitis, business development project manager at Mogo said the deal with Roam will go beyond Kenya to the rest of the continent and electric motorcycles will surpass fuel motorcycles in no distant time. 

“We see that the electric motorcycle market is ever expanding and with Roam’s innovative products that enable customers to not only charge at home but also at the Roam Hubs, we believe the electric motorcycle market will eventually become larger than the petrol one,” Leitis said. 

]]>
https://techcabal.com/2024/04/03/roam-secures-financing-deal-with-mogo-to-grow-electric-motorcycle-adoption/feed/ 0
Jobberman’s acquisition of NG Careers is a bold push for the world’s largest job market https://techcabal.com/2020/10/27/jobberman-acquisition-ng-careers-roam-africa/ https://techcabal.com/2020/10/27/jobberman-acquisition-ng-careers-roam-africa/#respond Tue, 27 Oct 2020 15:02:47 +0000 https://techcabal.com/?p=72095 Technology has changed many things about the jobs market: how we search for jobs and talent, sift through candidates and assess for cultural fit, and the pool of employment opportunities.

As the internet becomes more available in Africa, the opportunity for technology to influence the business of recruitment increases. 

The continent’s working age population is expected to grow by 450 million people by 2035; sub Saharan Africa is projected to have the largest workforce by that year, larger than China’s. Africa needs 12 – 15 million jobs annually to match its expanding labor force.

These projections excite Clemens Weitz, and validate his recent strategic move to own the career advisory industry across sub Saharan Africa.

Weitz is the CEO of Ringier One Africa Media (ROAM) which owns Jobberman, the Nigerian recruitment and human resources company, and about 10 other companies.

In September, Jobberman acquired NG Careers in a deal that unites two of Nigeria’s most notable internet-based recruitment agencies. The terms are undisclosed but Weitz confirms it was a “100% acquisition.”

The plan is for both companies to become one in the near future, combining Jobberman’s strengths in technology with NG Careers’ prowess with search engine optimization (SEO), Weitz tells TechCabal.

“What we are doing with this acquisition is to consolidate the job search entry points for Nigerians so that we are able to bring our technology to more people faster,” he says.

The population projections make a good case for the consolidation but how much scope is there for innovation in the recruitment space? There are now numerous avenues for individuals and companies to connect – from LinkedIn Jobs and Stack Overflow Jobs, to even having a well curated Twitter or Instagram timeline. 

Weitz says Jobberman’s advantage is in having distinct products tailored to the African market at a scale that cannot be satisfied by global platforms.

“I don’t believe that international one-size-fits-all solutions are a good fit for African markets and employers,” he says.

The need for a narrower focus when thinking about recruitment in Africa, Weitz says, is a consequence of diverse realities across economies. 

Where about 5 people apply to one position in Switzerland, 2400 people apply to one position in Africa according to Jobberman’s data.

“The number one feedback from employers is that they are not finding the right candidates. At the same time, they are flooded with a tsunami of applications. We’ve seen in our data that only 10% of candidates are remotely qualified for positions they apply to,” Weitz says.

Digitization in Africa is growing but it’ll take some time to establish trust and adoption. There is still some bias for employers and job seekers to overcome to adopt digital recruitment solutions. 

When Jobberman was founded in 2009, recruitment technology was merely job listing. Today, that field includes applicant tracking systems and using data science for skills and personality assessment. 

These are the features that enable a company to ably sift through many applications to get the best without leaving anyone behind.

ROAM Africa acquired Jobberman in 2012 to build on the work of the company’s founders who have all exited the business. Hilda Kabushenga Kragha, an ex-McKinsey consultant, had been the CEO of Jobberman for 18 months until she became the managing director of ROAM’s Jobs across Africa this October.

Jobberman and the now absorbed NG Careers will be powered by ROAM’s developer team of about 50 engineers in South Africa, Weitz says. These engineers are responsible for developing a stack of over 600 skills assessment tests for different levels of experience, personality assessments and customised solutions for employers and talents.

“We don’t have algorithms that judge,” Weitz clarifies, stating that their algorithms “basically work on simple objective predictors like years of experience in an industry.”

Ringier Africa and One Africa Media merged in November 2017 to bring about 11 companies in West and East Africa under one roof. The list includes Chekki, the vehicle sales site, and Brighter Monday, Kenya’s version of Jobberman.

Wetiz says their focus is on the largest economies in Africa and they evaluate what business model makes sense on two metrics: where they can establish top-of-mind positions for buyers and sellers, and where they can monetize properly.

The 40% unemployment rate in Nigeria signals the potential appeal of a stronger Jobberman. After the acquisition, the company now reaches over 1 million Nigerians thanks to the increased visibility that comes from NG Careers’ SEO capabilities built over nine years of operations. 

Weitz expects this fusion to produce stronger performance on all fronts – on revenue and customer satisfaction. 

]]>
https://techcabal.com/2020/10/27/jobberman-acquisition-ng-careers-roam-africa/feed/ 0