Yango CEO on collaborating with local entrepreneurs for growth

Yango Africa, a technology-based business operating in 12 countries across the continent, is setting a new standard for collaboration with local transport companies to drive economic growth. In an exclusive interview with CNBC Africa, Adeniyi Adebayo, the CEO of Yango Africa, shared his insights on how the company is empowering local entrepreneurs to expand their businesses and create substantial impact in their communities. Adebayo highlighted the importance of private sector initiatives in fueling Africa's economic development, emphasizing the role of capitalism and individual enterprise in driving progress. Yango Africa's innovative approach to partnering with local transport companies has proven to be a game-changer, with success stories emerging from markets like Cote d'Ivoire, where partners have seen significant growth in their operations and revenues. By focusing on empowering local businesses, Yango Africa is not only transforming the transport sector but also contributing to the growth of the overall economy. The company's vision extends beyond just financial success, aiming to inspire a new wave of unicorns in Africa by harnessing the continent's vast potential. With a bullish outlook on Africa's future, Adebayo sees the opportunity for 3,000 unicorns to emerge, with cities serving as the key engines of growth. By unlocking the value in sectors like mobility and fintech, Yango Africa is poised to lead the way in creating billion-dollar companies that drive innovation and prosperity across the continent. Adebayo's strategic focus on major urban centers like Lagos and Accra underscores the importance of city-driven growth in Africa's economic landscape. As digital transformation continues to reshape the continent, companies like Yango Africa are at the forefront of leveraging technology to build a brighter future for Africa. The CEO's key takeaways from the forum in Abidjan highlight the importance of unity and collaboration in propelling Africa towards shared prosperity. By breaking down barriers to trade and fostering increased connectivity between countries, the continent stands poised to unlock new opportunities and drive sustainable growth for all its citizens.