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Ride hailing Little plans to raise Sh5b for expansion

Kenyan ride-hailing company Little is expanding to Tanzania and Ghana by May and plans to raise about $50 million (Sh5 billion) more from investors, its chief executive officer said on Friday.

Little, which competes with global players Uber and Taxify in Kenya, is valued at about $70 million (Sh7 billion) to $75 million (Sh7.5 billion), Chief Executive Kamal Budhabhatti said, a minnow compared to rivals but it has aims to expand across Africa.

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