AfrailX seeks NASDAQ IPO - AfrailX Inc. is preparing to go public by listing 30% of its Class A shares in an initial public offering (IPO) on the NASDAQ Capital Market in 2025. The IPO is a key step in AfrailX’s strategy to raise capital, expand operations, and strengthen its market position, while attracting a diverse range of investors to support its growth objectives. The listing will provide AfrailX with the visibility, liquidity, and investor confidence needed to support its growth trajectory and achieve its long-term strategic goals.

November 15, 2024 - Asofund, the African Sovereign Fund, is launching a series of exchange-traded funds (ETFs), starting with the Asofund Infrastructure Development Fund ETF (AIDF), which mirrors the S&P Global Infrastructure Index, to raise over $200 billion to invest in projects that enhance intra-African trade and mobility, including the AfrailX eco-friendly mass transit system. Read more >>

June 25, 2024 - London, UK-based Urban.MASS and Abba Rail, a wholly-owned subsidiary of the New York City, USA-based Abba Platforms Inc., have signed a Letter of Intent (LoI) to pioneer the deployment of the Floc® Duo Rail™ system across Africa, with a projected development value of more than $2 billion USD, starting in Luanda Province, Angola. Read more >>

Overview
AfrailX (formerly Abba RailX) is an eco-friendly, cutting-edge urban mass transit system powered by the innovative AfrailX Floc® Duo™ technology, featuring lightweight, automated electric pods on elevated tracks. Designed to alleviate traffic congestion and reduce carbon emissions by up to 50%, AfrailX aims to offer safe, efficient, and affordable transportation for over a billion commuters daily across 50+ cities in all 54 African countries. With Abba App as the preferred ticketing platform, it simplifies buying tickets for AfrailX while driving economic growth, creating over 1.2 million job opportunities, and enhancing connectivity in urbanizing regions.

Deployment
AfrailX, powered by the Floc® Duo™ technology, is easy and faster to install and deploy, unlike the traditional railway systems.

YouTube Vdeo
See how easy is to install, assemble, and deploy the AfrailX system, powered by the Floc® Duo™ technology, on YouTube at:
Watch the Video on YouTube

Phase One
The following are the towns and cities where we set to deploy and commission AfrailX during Phase One;

• Oshakati/Ongwediva/Ondangwa/Oshikango, Namibia
• Luanda Province, Angola
• Kigali, Rwanda
• Kampala, Uganda
• Lilongwe, Malawi
• Harare, Zimbabwe

The timeline to deploy and commission AfrailX in the above listed towns and cities is 2025 - 2030 to transport over 40 million paying passengers, on a daily basis.

Company
Founded in 2023 by Simon Kapenda, AfrailX is a flagship brand of Afrail Inc., a forward-thinking company dedicated to developing, constructing, and operating AfrailX, an innovative urban mass transit system designed to address traffic congestion and promote sustainable, environmentally friendly transportation solutions across Africa. Through cutting-edge technology and a focus on efficiency, AfrailX aims to transform public transit, offering affordable, safe, and comfortable travel options for millions of passengers in cities across Africa.

Contact Us

Email: info@afrailx.com

Social Media

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