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Shatta Wale reveals $2.2 Million investment in his Shaxi ride-hailing platform

Felicia Akindurodoye by Felicia Akindurodoye
July 3, 2024
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Shatta Wale reveals $2.2 Million investment in his Shaxi ride-hailing platform
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Artist Shatta Wale, of Ghanaian dancehall fame, has revealed that he launched his ride-hailing company Shaxi with more than $2 million investment.

In a live session with his followers, the musician shared his desire to help people and create work chances as the reason for creating the service. He came clean about his priorities in life, saying he would rather see his supporters succeed than enjoy a life of luxury.

According to Shatta Wale, the massive investment went towards several parts of the company, such as app development, the acquisition of numerous tiny cars, and general advertising.

Read also: Burna Boy sets African Spotify streaming record with “Higher” single

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He said he could have spent the $2 million on Lamborghinis, Range Rovers, and Rolls-Royces, but instead, he put the needs of others first by starting a company that would help people and make a difference in the world.

Shatta has shown that he is more than his outward appearance suggests; he is compassionate and has plenty of love to give.

About Shaxi ride-hailing platform

Shatta Wale, a famous musician from Ghana, said in July 2021 that he was going to introduce a ridesharing app similar to Uber named Shaxi. In December of that year, he accomplished just that at the Alisa Hotel in Accra, the capital of Ghana. Affordable and comfortable rides are the main focus of Shaxi, a ride-hailing firm based in Ghana.

Now, much later, the Shaxi app is out in the wild. The app’s functionality is comparable to that of Bolt and Uber; users can arrange for rides to their locations.

Shatta Wale expressed his desire for the app to help young people find employment during a launch event. “I always hope the kids of Ghana perform well, and everyone knows how much I adore them. He expressed his desire to see the youth of the ghettos go from being jobless to having jobs.

According to the artist, he isn’t in it for the money; he wants to make a difference and leave his imprint.

The Apple App and Google Play apps now have the Shaxi apps. 

Read also: The global impacts of technology on African music

Why ride-hailing platforms are necessary

Ride-hailing apps have changed the game regarding urban transportation because they offer a quick, easy, and inexpensive way to get around town. They have addressed a significant deficiency in the public transit system by providing an adaptable and dependable substitute for conventional taxis and individual automobile ownership.

Reduced wait times, better accessibility, and general mobility have been achieved by ride-hailing systems through real-time connections between riders and drivers.

Additionally, they have paved the way for a sharing economy and opened up new avenues of income for drivers. The rise of ride-hailing services has revolutionised urban transportation by making it more convenient and easy for users to access their desired destinations.

Tags: Shatta WaleShaxi
Felicia Akindurodoye

Felicia Akindurodoye

Felicia Akindurodoye is an experienced writer and researcher, whose watchword is originality.

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