… Re-strategises For 2024 With New Appointments
Treepz, Africa’s leading shared mobility platform, stands tall as it releases its resilient 2023 Year in Review Report, showcasing its resilience, growth and transformative impact.
Co-Founder & CEO, Treepz, Onyeka Akumah, in a virtual meeting on Thursday shared the firm’s 2023 report, which highlighted its achievements and milestone, as well as 2024 projections and prospects.
While admitting that the past year posed significant challenges in the transportation industry, particularly in Africa, with frequent petrol price hikes impacting the movement of people, Akumah noted: “However, despite these challenges, we navigated through the complexities and emerged at the end of the calendar year as a stronger industry player than ever before”.
He also spoke on the firm’s expansion drive, which, according to him began as a simple vision to solve transportation challenges in Lagos, Nigeria with technology. “We evolved into a global phenomenon, providing better transportation solutions for more than 4 million customers across 6 countries and 3 continents.
“Our expansion beyond Nigeria is a testament to the scalability and effectiveness of the Treepz platform in meeting the diverse needs of users globally.”
Further highlighting the markers in 2023, Akumah said: “Earlier in the year, we expanded our footprints to East Africa with the launch of Treepz in Kenya. This strategic expansion marked a significant stride in expanding the company’s presence in East Africa, enhancing accessibility and tailoring transportation solutions to diverse commitments.
“We also solidified our foundation for long-term sustained growth and governance by appointing 5 reputable professionals to our board of directors. They include Ebenezer Arthur, Managing Partner of Wangara Capital Partners and Managing Director of Wangara Green Ventures, who brings 18 years of experience in sales, transportation, and technology, focusing on impact investing. Adejare Rasheed Olaoluwa, former CEO of the Bank of Industry in Nigeria, offers strategic management and financial expertise. Laura Venasse, a Partner at LaBarge Weinstein, brings her legal and business acumen to provide governance oversight. Jane Egerton-Idehen, Chair of the Board, is an experienced Fortune 500 technology executive with a telecommunications background, promising valuable insights for Treepz’s strategic direction.”
Sharing insights on their Financial Milestones and Self-Sustainability, Akumah said: “one of the pivotal achievements in 2023 was the attainment of financial milestones, with revenues for both Nigeria and Kenya reaching the break-even point.
“This marked a crucial step toward achieving a 100% self-sustaining position for Treepz. The financial stability achieved in 70% of all markets, including our home base in Nigeria and the newly launched Kenya operations, positions Treepz for sustained growth and resilience in the dynamic landscape of shared mobility.
Moreover, in less than a year since the launch of Treepz’s marketplace in 2023, our platform generated over $1.2 million in earnings for our hosts (vehicle owners), demonstrating our commitment to uplifting and empowering lives and livelihoods across the globe economically.
A total of 1,2960,611 passenger trips were facilitated and completed in 2023, seamlessly connecting people across cities. In 2023 alone, we also added 6 new cities to our platform, increasing Treepz’s footprints to 16 cities, across 3 regions worldwide.
668 vehicles were onboarded on the Treepz marketplace within 8 months, to offer wide transportation options for our diverse user base. Customers across the continent have used Treepz technology to commute better over 4 million times since launch.
Also as part of its strategic move towards growth in 2024, Treepz has made significant management appointments in its Nigeria operations with the announcement of Ajoke Yusuf as its newly appointed Country Manager and Sani Chanchangi as the Business Development Manager and Sales Coordinator.
Before joining Treepz, Ajoke’s career journey included successful stints at 9Mobile, PlatinumPlus TV, Farm Crowdy, Crowdyvest, and Eden. Her excellence in customer care management, service delivery, customer retention, and new business development has left an indelible mark on each organization she has been part of.
Also, with over six years of experience in the Hospitality and Real Estate sectors, coupled with a strong background in marketing and sales, Sani Chanchangi as the Business Development Manager and Sales Coordinator, brings a multifaceted skill set to the team.
Commenting on the dual appointments, Akumah stated: “We are thrilled to welcome Ajoke Yusuf and Sani Chanchangi to our leadership team. Their wealth of experience and diverse skill sets align perfectly with Treepz’s commitment to innovation and growth. These appointments underscore our dedication to strengthening our leadership team for sustained success and expansion in the Nigerian market.”