** For the best experience, download the free Africa Private Equity News app Android | iOS **
French development finance institution Proparco has announced an investment in Anda Angola, a Luanda-based mobility and fintech company that is bringing informal transport operators into the formal economy. The funding will expand drive-to-own vehicle financing for Luanda’s transport operators and accelerate the rollout of Anda’s electric fleet and battery swap network.
Angola’s moto-taxi sector employs an estimated 1.2 million drivers, around 600,000 of them in Luanda. Yet most have no bank account, no credit history, and no insurance. Because their income leaves no verifiable record, they cannot finance the vehicles they depend on, and the formal financial system cannot serve them.
Founded in Luanda in 2022 by Sérgio Tati and Joerg Nuehrmann, Anda provides motorcycles, tuktuks, and cars to drivers, mainly under a drive-to-own and subscription models. Before going on the road, drivers complete certified training through Anda Academy, delivered in partnership with INEFOP, Angola’s national vocational training institute and receive insurance through licensed partners. They then generate income through street-hailing, digital ride-hailing apps, and through Anda Express, the company’s B2B delivery service. Anda operates around 2,000 vehicles in Luanda today, and its drivers earn on average about three times what they made in the informal sector.
“At Proparco, we are committed to supporting African entrepreneurs who deliver innovative solutions to development challenges. Anda’s model goes beyond mobility: it helps formalise economic activity, expand access to finance and create better livelihoods for transport operators, while accelerating the transition to cleaner urban transport. This investment illustrates our ambition to support high-impact technology companies that contribute to more inclusive and sustainable cities across Africa,” said Johann Choux, regional director for Southern Africa and Indian Ocean at Proparco.
“We are tackling two challenges at once: the lack of access to affordable asset financing and the absence of formal digital systems for mobility. When drivers own their motorcycles, they can build sustainable livelihoods, and safety and service standards rise across the whole market,” noted Sérgio Tati, co-founder and CEO at Anda.
Want to know who is raising, investing, and exiting in Africa? Get Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Access the latest Dealmaker’s Log here
