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Nigeria: Startup Launches Vacation Rental Company In Africa

Startups

Aug. 18, 2020, 3:31 p.m.

Lagos based startup, Nwanndo has launched an Airbnb-like platform that allows users to discover, book and list unique spaces around Africa through a web app.

Aside that, it also enables people to monetize their extra spaces or travel expertise as a host.

Founders for the startup, Okereke Ikenna and Venetia Gran defined it as the first company in Africa to combine accommodation and experience on the same platform.

It is aimed at introducing a new type of tourism on the continent by removing travel agents and helping locals make money while showcasing Africa’s tourist attractions

“Nwanndo solves many problems in our society, it allows travellers a less expensive option, and it allows local renters to mitigate the high costs of rent and to have more flexibility. Thirdly, it helps small investors that want to be more involved than just being a traditional landlord, which only gives very small returns”, co-founder Ikenna stated.

The hosting platform charges 10% commissions on any booking, and is operating in Tanzania, Ghana, Kenya and Tanzania with plans to extend to other parts of Africa.

Commenting on how the global pandemic has affected business, he said that, “COVID-19 has had a significant impact on the tourism industry due to the resulting travel restrictions.

The tourism industry has been massively affected by the spread of coronavirus, as many countries have introduced travel restrictions in an attempt to contain its spread”.

He also added that in spite of the pandemic, it is still a great time to explore and develop the tourism industry.

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Dorcas

Dorcas Benewaa Author

Dorcas is an upcoming journalist. She loves the creative arts and loves to write about startups, digital arts and issues in the tech sector.

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