Metro Africa Xpress (MAX.NG)

Nigeria Other consumer services

MAX is an online delivery platform working to fix Africa’s last-mile delivery and online-retail problems.

We are invested in Metro Africa Xpress (MAX.NG) through Novastar Ventures Africa Fund II, which is managed by Novastar Ventures. For further information on the fund, the fund manager, and the expected impact of the fund’s investment, click here.

Key facts


Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.


We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

Other consumer services
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

Intermediated investment
Novastar Ventures Africa Fund II
Fund Manager:
Novastar Ventures
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

June 2019

This is the investee company’s place of incorporation; or a fund’s jurisdiction.