• Naqla launches automotive maintenance store with buy now pay later (BNPL) plans available for truckers.
• The store tackles cost inefficiencies of the $13 billion Egyptian road trucking industry.

Cairo, 6 June 2022: Naqla, Egypt’s trucking technology platform and marketplace  connecting truck owners with cargo companies has launched the NAQLA Store,  which offers tires, batteries, lubricants, and spare parts to Egypt’s truck drivers.  

Naqla’s core mission is to modernize and expand Egypt’s supply chain through  technology by automating orders between shippers and drivers through its two main  apps. 

NAQLA Store’s stock is suitable for both light and heavy vehicles and its range of  tires are supplied in partnership with Ghataty, the official agent of Michelin in Egypt,  along with many other suppliers. Distribution is available to all areas of Egypt with  options to order online or offline and plans to continue expanding stock are in  progress. 

NAQLA Store uses BNPL plans to aid financial planning for Egypt’s truckers,  allowing drivers to pay at a later date, and account for any unplanned financial  commitments. Purchasers have the option to pay upon receipt of their item, known  as cash on delivery, or enter a balance deduction scheme if they have an electronic  wallet set up with Naqla.  

80-90% of Africa’s freight moves by road, but poor infrastructure makes  transportation costly for drivers. Truckers on the road account for backhauling  expenses such as fuel, weight bills, and toll station fees depending on their route – handling costs are estimated to be 50% higher in African countries than other parts  of the world. Around 80% of transporters own fewer than five trucks, depending on  the cash from one trip to fund their next. BNPL options and financial flexibility  support drivers in avoiding payment leakages, allowing them to complete back-to back deliveries and maintain the condition of their vehicles, ensuring their safety and  reducing the probability of a breakdown. 

“Launching the NAQLA Store strengthens our offering to the industry to ensure that  the trucking needs of both drivers and shippers are simplified,” said Sherif Taher, Co-Founder and Chief Executive Officer of Naqla. “BNPL supports the 1.5 million  strong Egyptian trucking community while maintaining business continuity. We can  solidify our commitment to drivers by ensuring their financial stability as well as the  safety and maintenance of their vehicles, which in turn assures the timeliness and  effectiveness of deliveries.”