👨🏿🚀TechCabal Daily – MFS Africa rebrands to Onafriq
- Swvl's bus-hailing services for business customers grew rapidly in 2022, generating $37.9 million in revenue, a 132% increase from the previous year.
- MFS Africa has rebranded to Onafriq to reflect its expanded services beyond mobile financial services.
- AFEX has secured $26.5 million in funding to develop 20 modern warehouses and expand its storage capacity.
The financial statements of Swvl, MFS Africa's rebranding, and AFEX's funding indicate positive growth and expansion in their respective industries. These developments showcase the potential for success and innovation in the mobility, fintech, and agritech sectors in Africa.
