Nigeria’s “Uber for Ships” pivots, bets on international trade
MVX's business model. Source: Stears Business

Approximately two years ago, the African technology industry witnessed the birth of a maritime tech startup. It was a rare sight.

Fintechs dominate the Nigerian startup space, and more recently, “Healthtech” and “Edtech” companies are springing up. But this dominance should not come as a surprise. In a country where only 12% of Nigerians use formal savings to meet their financial goals, Fintechs like Piggyvest are helping to grow that number. Similarly, every year, we need at least two million units of blood that is rarely available. Again, we have tech firms like Lifebank, a Healthtech startup plugging the country’s blood and medical supply gap. And considering that Nigeria has the largest number of out of school children in the world, Edtechs like uLesson contribute their quota to making education more accessible. So a maritime tech startup is a welcomed sight giving the mirage of challenges that plague the sector.

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Adesola Afolabi

Adesola Afolabi

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