Yango is expanding into 10 new African markets with $150m war chest

While international ride-hailing heavyweights spend millions battling for dominance in Africa’s ultra-competitive tech capitals, Dubai-based Yango Group is taking a radically different route.

The platform has announced a massive $150 million investment earmarked for its African expansion this year. But instead of pouring that capital into overcrowded markets, Yango is playing a long game focused on the continent’s secondary cities and overlooked regions.

With an existing global footprint of one million drivers across 35 countries, Yango’s African strategy aims to add 10 new countries to its roster before the year ends, targeting an aggressive 60% growth rate across the continent.

Avoiding the “Race to the Bottom”

For most tech companies entering Africa, the playbook has been predictable: launch in the “Big Four” (Nigeria, Egypt, South Africa, and Kenya).

However, according to Yango Africa CEO Adeniyi Adebayo, this hyper-focus has created an unsustainable environment.

“When people go to Africa, typically you go to the top four countries… What that creates is a lot of capital chasing the same goal in all of these markets, and you’ve got a race to the bottom.” — Adeniyi Adebayo, Yango Africa CEO.

Instead of participating in cash-burning subsidy wars to win over gig workers, Yango relies on a B2B partner model.

“We don’t work directly with drivers in any of our markets. We work with transport operators,” Adebayo explains.

By plugging directly into locally owned, established transport networks, Yango side-steps the steep customer-acquisition costs that traditionally bog down expanding gig-economy apps.

The New Growth Frontiers

Yango is placing its bets heavily on Francophone West and Central Africa, alongside fresh rollouts in smaller Southern African markets like Namibia, Botswana, and Mozambique.

The scale of opportunity is massive. As Adebayo notes, looking across the top 50 cities in West Africa alone, Yango has “barely started” to scratch the surface.

Navigating Macro Headwinds: The Pivot to EVs

The expansion is not without friction. A recent KPMG Advisory report highlights that ride-hailing operators across Africa are grappling with heavy macro headwinds, including:

• High currency volatility
• Tightening local regulatory frameworks (such as vehicle caps and licensing costs)
• Surging fuel prices, intensified by geopolitical tensions in Iran, which now swallow up to 25% of total fare costs.

To insulate its partners from crippling fuel bills, Yango is accelerating its transition to clean energy. The company is leaning heavily into fleet electrification, starting with a massive deployment of 1,000 electric vehicles (EVs) to Abidjan, Côte d’Ivoire this year alone.

By pairing asset-light operational rollouts with an aggressive shift toward EVs, Yango’s $150 million bet could rewrite the standard expansion playbook for African mobility.