eWAKA Secures a 500 000 CHF Loan from Swiss State Secretariat for Economic Affairs (SECO) Start-up Fund
eWAKA (https://eWAKA.tech/), one of Africa’s most promising sustainable mobility startups, has received strategic support from the State Secretariat for Economic Affairs (SECO) Start-up Fund of the Swiss Confederation. SECO Start-up Fund has offered a 500,000 CHF loan that will support eWAKA’s 2023 plans to accelerate a growth strategy focused on providing innovative and sustainable mobility technology in Africa through the local production and promotion of eWAKA’ signature electronic bike known as the Shujaa.
Given the transportation sector is the second highest contributor to greenhouse gas emissions, the urban logistics sector in Africa and across the globe urgently needs to adopt new technologies and business models to fight climate change, which disproportionately affects African cou...