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Treepz Launches Business Service, Celebrates its 3rd Anniversary

Treepz, Africa’s shared-mobility startup, is set to launch Business Treepz, a new service aimed at providing staff bus solutions and bus rental service in a structured, accessible, and predictable manner for corporate organisations including companies, schools, tour operators and individuals.
Treepz announced the launch of this new service over the weekend at an event to commemorate the company’s three year anniversary across Nigeria, Ghana and Uganda.
Business Treepz takes away the pain for organizations and individuals who want to rent or hire a high quality bus for their companies, schools or events. The service promises to provide customers with the same high-standards that Treepz is known for in making commuting better for its customers using its technology.
This service will also help organizations to better manage their business operations by providing them with fleet management solutions backed by technology and data. In turn, these organizations will save time and money while improving the efficiency of their own services.
Parents can now track the commute of their kids to school and back, making sure they’re safe during their journey. Tour companies no longer have to worry about conveying their clients around the city or between cities – they can simply order a bus through Business Treepz and enjoy peace of mind while they’re on vacation!
Speaking on the launch of the new service, Onyeka Akumah, the Chief Executive Officer & Co-Founder of Treepz, said, “We are excited about launching Business Treepz today because following up on the feedback from our customers, we can better fulfil the requirements of organisations looking to benefit from our high quality transportation service that also allows the use of technology through our app or websites in Africa.
We are focused on growing our partnerships with businesses and schools to make sure more Africans can move comfortably and safely to wherever they have to go driven by our technology and data.”
Business Treepz is an online platform for users to book a bus tailored to their specific needs with just one click, without having to go through numerous rental platforms or pay exorbitant amounts of money. The service has been designed with the user’s convenience and comfort in mind and will give them access to all types of bus options. Users can choose from a variety of vehicles which allows them to get a bus to get around town easily.
Business Treepz has so far partnered with top organisations, startups and tour companies including Reddington Schools, Wakanow, Tek Experts all in Nigeria, while the likes of Charter House (organisers of Miss Malaika) and MTN in Ghana have also enjoyed its service.
The largest musical event in East Africa with close to 20,000 in attendance called Nyege Nyege Music festival has also been powered by Treepz for transportation needs.
In its pilot phase over the last 3 months, Business Treepz currently provides transportation for 2,000 children in schools daily while making provision for over 1,500 employees of companies similar to a staff bus solution but with data.
So, today, with its full launch, the company is excited about the prospects of growing its client base significantly.
Focusing on Treepz recent accomplishments, the company won the Global Startup awards in Africa beating over 7,000 startups to win the category Industrial Tech company of the year.
It has also completed more than 2 million customer journeys with over 150,000 registered riders and over 2,000 heroes across East and West Africa. Treepz is establishing itself daily as the leading shared mobility platform on the African continent and boasts of investors like Google, Techstars, SOSV, LoftyInc and several other reputable VCs to scale its operations.
On the 3rd anniversary celebration Onyeka said, “We continue to focus on how we build a world-class company that Africans will be proud of its accomplishments in making transportation better on the continent.
To this end, I celebrate my team, co-founders, key stakeholders, partners, riders, heroes/drivers and everyone who has supported our growth to where we are today. It’s still day-one for us and we go back to the drawing board daily to figure out how we do this incredible work of making transportation better for Africans one country at a time.”
Going forward, Treepz will be focused on expanding its services in the three core markets while seeking for partners in new African countries especially in Southern and Northern Africa,
The company continues to ensure it’s at the forefront of sustainable transportation solutions powered by electric and gas vehicles to save CO2 emissions and there will be more around this in the coming years.
News
NIA Questions Legality of Reps’ Financial Probe

The Nigerian Insurers Association has urged the House Committee on Capital Market and Institutions to respect the constitutional separation of powers as it carries out a probe on over 20 insurance firms.
In a statement on Tuesday night, the Director General/Chief Executive Officer of NIA, Mrs Bola Odukale, said the decision of NIA and the affected firms to approach the court was to seek clarity on the constitutional limits of the House Committee’s probe.
It would be recalled that the House of Representatives on Monday is investigating no fewer than 25 insurance companies operating in the country for various financial infractions spanning financial reporting, claims settlement, premium remittance, and issuance of policies.
The Chairman, House Sub-Committee on Capital Market and Institutions, Kwamoti Laori, during a meeting with the management of the insurance companies at the National Assembly Complex in Abuja, said the meeting was convened following the receipt of a petition on infractions by the insurance companies.
In the statement, Odukale said, “The Association wishes to state unequivocally that all actions taken by the NIA and the affected member companies in response to the Committee’s invitations and pronouncements were based entirely on legal advice by its Solicitors. It was on the firm instruction of legal counsel that recourse was made to the courts.
“The objective of approaching the Court is to seek judicial guidance on the legality, propriety, and constitutional limits of the Committee’s intervention in order to safeguard institutional integrity, uphold regulatory independence, and ensure that legislative oversight remains within the bounds of law.
“The Court action seeks to determine whether the current posture of the Committee reflects an exercise of legislative judgment, which, by constitutional design, is the exclusive province of statutory regulators, such as the National Insurance Commission, Securities and Exchange Commission, Nigerian Exchange, Financial Reporting Council, Nigeria Data Protection Commission, and the National Information Technology Development Agency.
“This raises serious questions about legislative overreach and an erosion of the doctrine of separation of powers, a cornerstone of Nigeria’s constitutional democracy.”
Odukale maintained that the NIA was committed to lawful and constructive engagement with all arms of government, provided that such engagement respects the autonomy of statutory regulators and the boundaries established by the Constitution.
“The NIA will continue to provide its full support to all member companies while upholding the principles of legal compliance and sector-wide integrity,” Odukale concluded.
17 of the companies that went to court were represented by their lawyer, Mr Abimbola Kayode, at the meeting with the committee.
News
Horn of Africa Leaders Seek Enhanced Digital Integration for Increased Regional Growth

Finance ministers and development partners from the Horn of Africa have called for enhanced digital integration to boost trade, drive economic growth and promote regional stability during the 25th Ministerial Meeting of the Horn of Africa Initiative (HoAI).
Held in Nairobi, on July 14, the meeting was co-chaired by the African Development Bank’s Vice President for Regional Development, Integration and Business Delivery, Nnenna Nwabufo and Somalia’s Minister of Finance, Bihi Iman Egeh. Discussions underscored the critical role of digital integration in reducing trade barriers, boosting government service delivery and creating employment — particularly for the region’s youth.
“Digital technologies are shaping today’s economy and tomorrow’s industries. By embedding these technologies into our programs, we can not only improve inclusion but also leapfrog outdated development models,” said Nwabufo.
She called for digital integration a “central enabler” in each of the Horn of Africa Initiative’s pillars – trade, infrastructure, resilience, and human capital,
Learning through experience
Drawing from global and regional success stories, speakers highlighted the transformative potential of technology-led development. The ministers pointed to the Philippines as a strong example, where ICT has generated millions of jobs in business process outsourcing. Similarly, Kenya’s fintech innovation—especially the success of M-PESA—was cited as a model for scaling digital financial services across the region.
Participants urged governments to proactively foster digital ecosystems by capitalizing on the demographic dividend, identifying infrastructure upgrades, tighter regulatory reforms, and digital skills trainings as priorities to enable broader participation in the digital economy.
Minister Egeh reiterated the need for more coordinated regional efforts to create the enabling environment required for accelerated digital integration and expansion. He referenced the HoAI Digital Policy Matrix, adopted in 2023 which provides a blueprint on how to address key obstacles to achieving effective digital integration across the region.
Barack Makokha, Kenya’s Cabinet Secretary for National Treasury, underscored the importance of regionally-aligned public private partnerships and advocated for blended financing to reduce investment risk and expand digital access in underserved areas.
World Bank Vice President for Eastern and Southern Africa, Ndiame Diop, called for a comprehensive multi-pronged approach, combining cross-border coordination, large-scale financing, robust policy support, and digital infrastructure investments. He pointed out that such measures could transform digital integration into, “a powerful engine of economic transformation” for the Horn of Africa—ensuring no one is left behind in the digital era.
The meeting concluded with a shared recognition that sustained political will and the determination to implement a multifaceted approach are essential to unlocking the region’s economic potential and driving long-term growth.
The event also welcomed observers from the East African Community, Agence française de développement, and Shelter Afrique, reflecting strong regional and international backing for the HoAI in the development community.
News
CSCS Inaugurates Custodian Portal to Enhance Digital Access, Operational Efficiency

Central Securities Clearing System Plc (CSCS), Nigeria’s capital market infrastructure provider, has launched its Custodian Portal, a user-centric digital solution designed to optimise custodian operations through intuitive, secure and efficient features.
Haruna Jalo-Waziri, Chief Executive Officer (CEO), CSCS, announced this in a statement on Monday.
The CSCS is a Public Limited Company with a diversified shareholder base, which serves as the Central Securities Depository for the Nigerian Capital Market.
It serves as the Central Depository for Equities, Commercial Papers, Corporate Bonds, Sub-National Bonds, certain Sovereign Bonds like the FGN Sukuk and the FGN Savings Bond, Equity-traded Funds, Real Estate Investment Trusts, Mutual funds and Commodities.
Jalo-Waziri said that the custodian portal offered a streamlined experience for market participants with powerful tools that facilitate comprehensive portfolio and trade management, document tracking, share transfer operations, client symbol search, and real-time access to vital data.
He explained that the portal, designed to operate through a flexible subscription-based model, empowered users to manage their records effortlessly and securely through convenient payment channels such as GTPay and Paystack.
According to him, “Digital transformation remains at the core of our strategy to enhance the efficiency, transparency and accessibility of Nigeria’s capital market services.
“The custodian portal is a significant leap in that direction, offering custodians a centralised platform to manage critical processes in real-time.
“We are excited about the value this innovation brings to our stakeholders, and we will continue to evolve the platform in line with users’ needs and industry trends.”
The CEO also explained that the portal was designed with user experience in mind with feature tools like portfolio viewing and downloads in PDF or Excel format.
He further said that it also featured tracking of stock movements across date ranges, inbox messaging and request tracking, as well as robust user management capabilities including role assignment and status tracking.
Similarly, the Divisional Head, Business Technology and Digital Innovation, CSCS Plc, Tobe Nnadozie, said that the portal aligned with CSCS’s drive to automate the market.
“In addition to the normal features, the platform is a part of an omnichannel platform for custodians, and includes API services.
“It also connects to the market-wide workflow, which CSCS has built to ensure secured communication and approvals across all major stakeholders in the market.
“The platform is well secured with best-of-breed cybersecurity solutions and our SOC,” he said.
The Custodian Portal reinforces CSCS’s commitment to leveraging technology to streamline back-office functions and support a more agile, data-driven capital market ecosystem.
All custodians in the Nigerian capital market have now been successfully on-boarded on the Custodian Portal, marking a significant milestone in CSCS’s ongoing drive to enhance collaboration, standardise operational processes, and promote digital adoption across the market.
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