French start-up Heetch effectively launches VIP motorcycle taxi service with a network of 250 drivers

Companies

French start-up Heetch effectively launches VIP motorcycle taxi service with a network of 250 drivers

Comments

- Friday, 21 February 2020 11:17

(Business in Cameroon) - Equipped with pink vests and helmets, 250 motorcycle taxis now roam the streets of Douala, on behalf of French start-up Heetch, the government daily Cameroon Tribune reveals.

Indeed, on May 8, 2019, Heetch announced the success of a fund-raising operation of €34 million euros (about XAF23 billion), to establish itself in Cameroon, Côte d'Ivoire, Algeria, and Senegal, and develop its activities in Belgium.

In addition to the VIP motorcycle taxi business, Heetch also offers Cameroon its Car-with-driver service. This start-up is, therefore, competing with local companies such as Easyride, which provides taxi services for VIPs, or Bee Sarl, which is also helping modernize the motorcycle taxi business in Cameroon.

BRM

Follow @investcameroun

Mobile Money usage surges in Cameroon, outpacing traditional banking

The use of mobile money services has "particularly increased" in Cameroon, rising from 29.9% in 2017 to 42.7% in 2022 for the population aged 15 years or...

AfDB reports CFA3tn in financing for Cameroon over 60 years

The African Development Bank has approved CFA10,950 billion in financing for countries in Central Africa over the past 60 years since its inception in...

Cameroon spends nearly CFA71bn on public debt interest in Q1 2024

In the first quarter of 2024, the Cameroonian central administration made debt repayments totaling CFA312.4 billion, excluding outstanding payments....

Cameroon's domestic debt rose by CFA169bn in Q1 2024, driven by public securities

Cameroon's domestic debt, excluding payables over three months, has increased by CFA169 billion between March 2023 and March 2024. According to the latest...