Commenting on the expansion, Etop Ikpe, CEO and Co-Founder of Cars45, said, “Expanding into Ghana and Kenya made perfect sense as the ideal next step as we build a transparent and fair structure for trading cars on the continent."
Early this year the company announced it was expanding to Kenya and is now making Nigeria its third country of operation. The company joins the likes of MAX, Gokada and ORide that are operating in the sector.
Both Kampala, Uganda and Kigali, Rwanda have unveiled electric vehicle assembly plants in the past two months, blazing the regional trail with Kenya and Tanzania only making baby steps toward embracing the new technology.
Through the platform, car owners can choose to transform their "idle" assets into revenue streams, and dryvers can benefit from lower than current car rental rates with the added option of using a rental.
The online car insurance app, the brainchild of tech firm Griffins, eliminates the need for brokers and salespeople who have been blamed for taking payments but not submitting them to insurers, exposing clients to risk.
Kenya has around 10,000 car sales every year and 2.2 million registered cars on its roads. It isn't the biggest market for Cars45 to expand into, but it will bring in plenty of new potential customers.