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Autotech Startup Fixit45 Raises $1.9M in Pre-Seed Round to Expand Africa-wide

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Fixit45, a Nigerian Autotech startup that provides high-quality automobile servicing and maintenance, has raised $1.9 million in a pre-seed round to expand its footprint within Africa’s automotive aftermarket industry.

The pre-seed round was led by Launch Africa Ventures, with participation from prominent investors such as Soumobroto Ganguly and Dave Delucia, alongside other angel investors.

According to the Autotech startup, the funds will be strategically allocated to support the company’s automotive repair business while intensifying efforts in spare parts distribution through its innovative online-to-offline platform, xparts.africa.

Speaking on the funds raised, Co-Founder and COO of Fixit45, Pankaj Bohra said,

“This funding represents a pivotal moment for Fixit45. We are profoundly grateful to our investors for their faith in our vision and our unwavering commitment to revolutionizing the African automotive aftermarket sector. With this capital infusion, we are well-positioned to advance towards our expansion objectives”.

Also speaking on the funding round, Co-managing Partners at Launch Africa Ventures Janade Du Plessis and Zachariah George said,

“We are thrilled to collaborate with Fixit45 in transforming the African automotive aftermarket. Fixit45 boasts a formidable team, and its platform offers a seamless experience across the automotive aftermarket value chain. We are impressed by their unwavering commitment to excellence, compliance, and accountability. We have every confidence that the company is well-prepared to achieve its ambitious goals”.

Fixit45’s expansion strategy places significant emphasis on improving the accessibility and availability of high-quality automotive spare parts.

By streamlining the supply chain and partnering with reputable automotive parts manufacturers, the company aims to cater to the needs of both individual consumers and businesses in the automotive sector more efficiently.

The startup efficiently engineers its vast network to deliver excellent auto care solutions, ensuring reliable, consistent, and quality services.

Fixit45 boasts an extensive network of over 300 operational workshops across Nine Nigerian cities. These workshops serve nearly 4,000 clients and partner with 1,200 spare parts manufacturers, distributors, and retailers, including automotive giants such as Toyota, Nissan, Honda, and several others.

The Autotech startup has leveraged different technologies to develop a platform that connects customers to top quality, transparent, and reliable value-adding aftersales services.

Exploring Fixit45 means customers get one-stop solutions for all aftermarket automobile services, which include, automobile service providers including vehicle insurance and car wash services, specialized technical teams including repair workshops and garages Spare parts suppliers, amongst others.

As Fixit45 weighs big on expansion, it aims to address these evolving needs, making a significant impact on the African automotive aftermarket sector and enhancing mobility and convenience for customers across the continent. The company is poised to make a profound impact on the automotive aftermarket sector.

The Kano State’s Strange Gubernatorial Tribunal Ruling

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Poor Governor Abba Kabir Yusuf of Kano State. Very strange that the tribunal fired you for an internal party matter. Yes, in all these rulings, they have been consistent that what happened in the party stayed in the party. But strangely they opened the veil for you: “The tribunal noted that Yusuf was not officially a member of the NNPP when he contested in the governorship election”.

The tribunal, headed by Justice Oluyemi Akinatan-Osadebey, cited three key reasons for their decision:

  • Membership Issue: The tribunal noted that Yusuf was not officially a member of the NNPP when he contested in the governorship election.

  • Overvoting Concern: The election was marred by overvoting, which cast doubt on the legitimacy of the results.

  • Voting Margin Discrepancy: The margin of victory between the NNPP and APC candidates was smaller than the number of canceled votes.

The argument has been that if the party nominated and sponsored the candidate, that the opposition party has no basis to question it. That was the basis of returning the former senate president back to the Senate. Indeed, even though he did not win the primaries, the party sponsored him, and that invalidated the elections in which he did not participate. In other words, you are covered once the party sponsors you to the general elections. But here in Kano tribunal, they moved 180 degrees, questioning an internal party matter.

Fellow Citizens, whether your party or candidate is winning or losing, every Nigerian should be concerned that our judiciary is dropping the ball. Nigeria cannot advance until we bring fairness across the board. How do we want this Kano politician to feel? They also knocked him down due to “overvoting”. Really? It is his fault that INEC failed on its duty.

CBN Unveils LARP, A New Licensing Portal for Microfinance Banks As NCC Makes Changes to Fixed Lines

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The Central Bank of Nigeria (CBN) has introduced a new online platform called the CBN Licensing, Approval and Other Requests Portal (CBN LARP) for the submission of microfinance bank (MFB) license applications.

This digital platform aims to streamline and facilitate the process of applying for licenses and seeking approvals related to microfinance banks in Nigeria.

In a circular signed by Isa AbdulMumin, Director, of Corporate Communications, and issued on Wednesday, the apex bank said the new online platform will eventually replace the current manual process wherein prospective applicants for MFB licenses physically submit their applications to the CBN. It added that “the Bank will extend the platform to other categories of licenses” in due course.

The online application system offers numerous benefits, including a simplified process, time savings, enhanced communication, and robust security measures. By digitizing the application process, the Bank aims to improve accessibility, reduce paperwork, and expedite license approvals, benefiting both applicants and the economy.

“Consequently, with effect from September 25, 2023, MFB license applicants are required to submit both hardcopy and online applications (via the CBN LARP) as part of a parallel run.

“The cover letter submitting the hardcopy application must also note a valid application reference from the online submission to be accepted.

“The parallel run will end on December 31, 2023. Thereafter, manual submissions of hardcopy MFB license applications will no longer be required and accepted,” the CBN said.

The apex bank noted that from September 25, 2023, prospective MFB applicants are urged to log on to www.larp.cbn.gov.ng to submit their respective MFB license applications. The portal offers assistance and detailed guidance to users for navigating the application process. Additionally, a user guide can be downloaded from the platform to aid applicants in using the new online system.

Applicants are encouraged to reach out to the dedicated helpdesk via email at cbnlarp-helpdesk@cbn.gov.ng for additional information and assistance regarding the MFB license application process through the CBN Licensing, Approval and Other Requests Portal (CBN LARP).

It’s important to note that the Central Bank of Nigeria (CBN) will continue to accept manual applications for all other license types until further notice.

NCC Makes changes to fixed lines

Meanwhile, the Nigerian Communications Commission (NCC) has introduced a new numbering format for fixed lines, in accordance with its responsibilities outlined in the Nigerian Communications Act (NCA) of 2003, which empowers the NCC to oversee Nigeria’s numbering resources.

As part of this change, Nigeria’s fixed lines numbering format has been expanded from eight digits to ten digits. This modification involves the addition of the “02” prefix before the existing fixed number, according to a statement issued by the NCC.

The Director of Public Affairs at the Nigerian Communications Commission (NCC), Mr. Reuben Muoka, stated on Tuesday that this announcement aligns with a fundamental duty of the NCC. Furthermore, it is in accordance with the practices endorsed by the International Telecommunication Union (ITU), which is the United Nations body overseeing Information and Communication Technologies (ICT).

“The Commission hereby informs the public of the changes and also clarifies that existing numbers will continue to operate concurrently till the cut-over date of 31 December 2023. From 1 January 2024, the new numbering format beginning with “02” prefix will be operational.

“In other words, the old and new number formats are allowed to run concurrently till the cut-over date (31 December, 2023). Thereafter (from 1 January 2024), the new fixed-lines format will assume full recognition across all networks,” the Commission said.

The NCC provided examples to illustrate the numbering format change. For instance, the previous number 09461700 should now be dialed as 02094617000 in the new format.

Here are additional examples for major cities:

Lagos: The current number format of 014630643 will now be 02014630643 in the new numbering format.

Abuja: The current number format of 094630643 will now be 02094630643 in the new numbering format.

Port Harcourt: The current number format of 084460643 will now be 02084460643 in the new numbering format.

Kano: The current number format of 064460643 will now be 02064460643 in the new numbering format.

These examples demonstrate the shift to the updated ten-digit numbering format.

It’s important to note that the change in numbering format announced by the Nigerian Communications Commission (NCC) solely pertains to fixed telephone numbers. There is no alteration to the existing numbering format for mobile phone numbers.

President Tinubu Celebrates Wife, Oluremi Tinubu, Who Clocks 63 Years of Age

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The tale of love, they say, is often sweetest from the tongue of the aged where it is told with much clarity and experience.

This played out in a heart-warming remark of President Tinubu while celebrating his wife, Senator Oluremi Tinubu, who clocked 63 years of age on Thursday, September 21, 2023.

In a social media post, President Tinubu said much of his successes in his career and nuptial life have been possible due to the inestimable sacrifices and impacts made by his wife, Oluremi, whom he described as his trusted partner in every venture.

Senator Oluremi Tinubu, like her husband, has dedicated much of her life to public service and she has excelled enviably, especially at the national assembly where she participated in making policies that contributed to the growth and development of her country, Nigeria.

Mrs Oluremi Tinubu, a Virgo-Libra cusp, could not have been any more or less suited for his Arian Spouse, Bola Ahmed Tinubu.

President Tinubu’s remark is below:

Happy 63rd birthday to the love of my life, Oluremi. My trusted partner in every venture, and the one special person who has consistently filled my days with joy and laughter over 36 amazing years.

Today is not only a day to mark another year of your purposeful life but a beautiful reminder of the journey we have embarked upon together.

Through all these years, we have shared in the uncertainty of dangerous, but principled stands against tyranny. Many can not fully appreciate the sacrifices you made for us during that harrowing, dark era, but I do and always will.

We have experienced adventure, love, and laughter. We have celebrated victories, and we have wrestled down the monster of defeat, and we have done all in an inextricable bond.
Our bond has only grown stronger through thick and thin, and our love and commitment to each other has only deepened with time.

Thank you for being the ever-present sunshine that brightens my darkest hours.
Your kindness, your wisdom, and your inner and outer beauty continue to amaze me more each and every day.

As we celebrate your birthday, I want you to know how profoundly grateful I am for your serene presence in my life.

I look forward to many more years filled with even greater laughter and love as we continue on this path together, which God Almighty had predestined for us.

May the Good Lord, whom you serve with all your heart, continue to bless you with good health and longevity.

Happy birthday, Iyawo Mi!

Love always,
Bola.

Tribunal Sacks Kano Governor Abba Kabir Yusuf, Declares APC’s Nasir Gawuna Winner

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The Kano State Governorship Election Petition Tribunal has removed Abba Kabir Yusuf from his position as the state governor and declared Nasir Gawuna, the All Progressives Congress (APC) candidate, as the winner of the March 18 governorship election in the state.

The tribunal, in its judgment on Wednesday, September 20, ordered the Independent National Electoral Commission (INEC) to revoke the certificate of return issued to Yusuf of the New Nigeria People Party (NNPP) and present it to Nasiru Gawuna.

The tribunal, headed by Justice Oluyemi Akinatan-Osadebey, cited three key reasons for their decision:

  • Membership Issue: The tribunal noted that Yusuf was not officially a member of the NNPP when he contested in the governorship election.
  • Overvoting Concern: The election was marred by overvoting, which cast doubt on the legitimacy of the results.
  • Voting Margin Discrepancy: The margin of victory between the NNPP and APC candidates was smaller than the number of canceled votes.

The panel subtracted 165,663 votes from Yusuf’s total vote count. These votes were declared invalid because the ballot papers lacked the necessary stamp or signature.

The All Progressives Congress (APC), led by its counsel Offiong Offiong, had lodged a petition challenging the controversial election of Abba Kabir Yusuf on various grounds.

In their petition, the APC contended that Yusuf’s name should have been officially included in the NNPP membership registry at least thirty days before the election. The APC requested that the tribunal accept their petition and grant all the reliefs they sought.

Kano State, led by former governor, Umar Ganduje, had been under APC control for the preceding eight years.

In response, Yusuf’s lead counsel, Adegboyega Awomolo, argued that the ousted defendant was indeed a legitimate member of the NNPP. He further stated that it was not within the purview of the APC to determine whether someone was an NNPP member. Awomolo urged the tribunal to dismiss the APC’s case, deeming it without merit.

Yusuf is expected to appeal the judgment.

However, a 24-hour curfew has been declared in Kano to forestall possible unrest following the judgment. The Commissioner of Police, Muhammad Usaini Gumel, in a statement he personally signed, said a combined team of security operatives has been dispatched across the city to enforce the curfew.

“In view of the Constitutional mandate of the Nigeria Police Force alongside the relevant Internal Security and Law Enforcement Agencies to preserve law and order in the State, the Kano State Police Command have mapped out strategies in that direction and call on the good people of the State to give the necessary confidence and supports.

“Going forward, Kano State residents are called upon to note that combined Security Forces have already been dispatched to the nooks and crannies including the entry and exits of the State to ensure enforcement and strict compliance of the Twenty-Four Hours (24hrs) Curfew order as communicated by the State Government via letter with Reference No: K/SEC/H/435/T.1/153 dated 20th September, 2023 taking effect from 6 pm of Wednesday, 20th September to 6 pm of Thursday, 21st September 2023.

“Violators will be arrested and made to face the full wrath of the law,” he said.