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Moove Raises $100m in Fresh Race to Conquer New Markets
By Adedapo Adesanya
Exactly a year after raising $105 million in an oversubscribed Series A2 round, African mobility company, Moove, has raised $100 million in a Series B funding round as it plots expansion into new markets.
According to reports, the funding round was led by mobility giant, Uber and saw injection from others such as sovereign wealth fund Mubadala, The Latest Ventures, AfricInvest, Palm Drive Capital, Triatlum Advisors, and Future Africa. This now pushes Moove’s post-money valuation to $750 million.
The company is helping to solve the continent’s acute problem of limited access to vehicle financing for millions of Africans by using data to democratize ownership.
And now with the new funding, Moove is planning to use the new capital to expand its revenue-based vehicle financing platform to 16 markets by the end of 2025.
The company currently operates in 13 cities across six markets, including Nigeria, South Africa, Ghana, the United Kingdom, India and the United Arab Emirates (UAE).
The fund will also allow it to expand its sustainability targets further as it plans to attain a complete zero-emission fleet by 2040 through the adoption of Electric Vehicles (EVs).
The vehicle financing startup operates large EV fleets in the UAE and the UK and according to Tech Crunch, it is testing a product line in India, with plans to introduce more than 20,000 EVs on Uber.
In a statement, Moove said that a considerable portion of its expansion into new markets will focus on EVs, “which will lay the groundwork for a more sustainable and accessible mobility ecosystem for its customers worldwide.”
This will however not extend to Africa, which is still largely dependent on fossil fuels.
In an interview with the tech publication, the co-CEO of Moove, Mr Ladi Delano said, “We want to be at the forefront of electrification in the U.K. and UAE by putting more EVs on the road. But in countries like Nigeria, we hope to be at the forefront of the transition from ICE (internal combustion engines) to compressed natural gas (CNG) vehicles and then from CNG to EVs,”
“We’re doing a lot of work at the moment to prepare the Nigerian market for CNG transition, in the hope that will reduce the impact of the increasing fuel price on the bottom line of our customers.”
In Nigeria, due to the current economic challenges, Mr Delano said that Moove has instituted some palliatives to help drivers including subsidies, extension of repayment plans from the usual 48 months to 60 months, and reducing weekly remittances by 33 per cent.
Despite these challenges, Moove will not be looking at an exit in Nigeria, even as the firm does not make a profit and has lost its top market status in the country.
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Police to Resume Tinted Glass Permit Enforcement January 2
By Aduragbemi Omiyale
The Nigeria Police Force has said it would begin the enforcement of the controversial tinted glass permit despite an ongoing case in the court.
In a statement on Monday night signed by its spokesman, Mr Benjhami Hundeyin, the police said the reason for the resumption of the enforcement was due to insecurity in the country.
The enforcement, the statement noted, will resume on Friday, January 2, 2026, and motorists who require the tinted glass permit have been encouraged to apply through the approved channels and ensure that their vehicles comply with legal procedures.
The police noted that there was not a time the court prevented it from going ahead with the implementation of the tinted glass permit, noting that this was for the “safety of all citizens.”
“It is important to clarify that at no point did the court restrain the Nigeria Police Force from enforcing the provisions of the law regarding the use of tinted glass on vehicles.
“Nonetheless, in the spirit of responsibility, transparency, and public convenience, the Force suspended enforcement to allow motorists ample opportunity to regularise their documentation and complete the registration process without pressure,” parts of the statement today stated.
“Recent trends, however, reveal a disturbing rise in criminal activities perpetrated with the aid of vehicles fitted with unauthorised tinted glass. Some individuals and organised criminal groups have exploited this gap to conceal their identities and facilitate crimes ranging from armed robbery to kidnapping and other violent crimes.
“In view of this, the Nigeria Police Force has found it both necessary and urgent to resume full enforcement as a proactive measure to safeguard our communities.
“Consequently, enforcement of tinted glass permit will resume on January 2, 2026,” it declared.
“The Inspector-General of Police (IGP) Kayode Adeolu Egbetokun, assures the public that the renewed enforcement will be carried out with utmost professionalism, respect for the rights of citizens, and in accordance with extant laws.
“He adds that the Force remains committed to promoting public safety and upholding the rule of law while working collaboratively with all stakeholders to keep Nigeria secure,” the statement added.
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Beer Sectoral Group, FRSC Promote Safer Roads With 2025 DDD Campaign
By Aduragbemi Omiyale
The 6th edition of the annual Don’t Drink & Drive (DDD) campaign of the Beer Sectoral Group (BSG) of the Manufacturers Association of Nigeria (MAN), organised in partnership with the Federal Road Safety Corps (FRSC), has officially flagged off.
The safer roads initiative commenced in Lagos with a press interaction and stakeholder briefing attended by FRSC officials, the BSG executive team, transport unions, and media organisations.
The DDD campaign reinforces BSG’s ongoing commitment to promoting responsible drinking and safer roads across Nigeria.
Chairman of the group, Mr Carlos Coutino, stressed the industry’s unwavering commitment to road safety and responsible drinking.
“The beer industry remains steadfast in its commitment to responsible drinking advocacy. The Don’t Drink & Drive campaign has been one of the Beer Sectoral Group’s flagship corporate social responsibility programmes since inception, aimed at saving lives and fostering safer transportation habits,” Mr Coutino stated.
In his welcome address, the Corps Commander, Mr Kehinde G. Hamzat, emphasised the heightened dangers on the roads during the festive season and the need for stronger public awareness:
“The risk of road crashes increases significantly during the festive season, which is why we must intensify public sensitization efforts. Collective awareness and responsible choices are critical to saving lives on our roads,” he said.
He lauded the BSG member companies for their consistent support of the FRSC in this initiative over the years, noting that their commitment has made a real impact in reducing avoidable accidents.
“I wish to express my profound appreciation to our esteemed stakeholders, Beer Sectoral Group for partnering with the Federal Road Safety Commission in the campaign for continued corporate social responsibility efforts towards ensuring safety on our roads,” he said.
In her closing remarks, the Executive Secretary of BSG, Mrs Abiola Laseinde, thanked the FRSC and transport stakeholders for their continued collaboration, underscoring the vital role of collective action in reducing avoidable accidents caused by drunk driving.
After the event, the team proceeded to major motor parks in Lagos, Berger and Ojota — for the park rallies.
At each location, commercial drivers and road users received safety sensitization, breathalyzer demonstrations, and branded educational materials. The rally also featured direct engagements with transport unions and drivers to reinforce the message of safety and responsible alcohol consumption.
The BSG comprises notable brewers like International Breweries Plc, Nigerian Breweries Plc, and Guinness Nigeria Plc.
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Dangote Cement Empowers Drivers, Riders With Life-Saving Kits in Ogun
By Aduragbemi Omiyale
As part of its efforts to ensure smooth festive period, the Ibese Plant of Dangote Cement Plc in Ogun State at the weekend distributed some life-saving kits to motorcycle riders and commercial drivers in the Gateway State.
Some of the items given to the commercial drivers and riders included helmets, reflective jackets as well as safety goggles.
The company said road safety campaign, which happened at the Ilaro Motor Park, was to curb preventable crashes by promoting responsible driving and riding habits as vehicular traffic surges towards the year-end.
Facilitators demonstrated the four major blind spots—front, passenger side, driver’s side, and rear—using live motorcycles and a stationed truck. Riders were stunned to discover that even an attentive driver could not see them in these zones.
A staff of Dangote Cement Transport for Health, Safety and Environment, Ms Ebere Okonkwo, explained that the initiative aligns with Dangote Cement’s broader mission to promote safer roads and foster harmony between truck drivers and other road users.
“Safety is a shared responsibility. This programme teaches road users especially the drivers and riders how to identify blind spots and equips them with safety kits. It’s part of our continuous effort to save lives.
“Overspeeding, impatience, and miscalculations remain leading causes of preventable road accidents. We urge riders to prioritize safe riding habits and strictly obey traffic regulations, especially during these remaining days into the New Year when vehicular movement peaks,” Ms Okonkwo said.
The Head of Transport and Safety at Ibese Plant, Mr Peter Abuad, led a practical session on basic issues in Road safety demonstrated how the drivers and the Okada riders could identify and avoid truck blind spots.
He highlighted four critical danger zones—directly in front, both sides, and behind heavy vehicles—warning riders to steer clear during lane changes and turns.
“If you are in any of these blind spots, the truck driver does not know you’re there. Avoid them at all times. Dangote Cement Ibese is committed to ensuring safety and improving lives,” he stated.
The Unit Commander of the Federal Road Safety Corps (FRSC), Sulaiman Kolawole Oluwadumiye, warned that excessive speed remains a leading cause of fatal crashes.
“Speed is sweet—the engine sounds powerful, the road looks open, and you feel in control. But the same speed that feels good for one minute can destroy a family in another second.
“The road has no respect for confidence or experience. There is no medal for the fastest driver and rider, only sorrow for the careless one,” he said.
He explained that speeding reduces a rider’s ability to spot danger and brake effectively, noting that articulated trucks pose even greater risks when control is lost.
“Most crashes involving motorcycles and trucks happen because riders unknowingly enter these danger zones,” he said, recounting a recent fatal crash caused by a rider overtaking on the wrong side and disappearing into a truck’s blind spot.
One of the beneficiaries of the programme, Mr David Odumoye thanked the management of Dangote Cement for deeming it fit to come to the park to meet the drivers and riders and enlighten them on road safety issues and donating safety items to them, adding, “Nobody is an expert on the road, no matter how long you’ve been riding. This training is very important. We thank Dangote for the initiative and the protective kits.”
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