Turnaxis Inc. is a US corporation in the business of construction equipment rental focusing on the emerging markets of East Africa.
The construction industry in East Africa is growing at double digits of over 12% per year, and contributing 5% of GDP across the respective economies. This currently stands at over $16 billion.
Turnaxis has identified the equipment rental sector as a key growth area, as more and more contractors and developers seek less capital intensive ways of sourcing for equipment.
With over 70% of all contractors having no construction equipment, the opportunity to fill this gap, and grow the demand is huge.
Using web and mobile technology, we want to change the way contractors search, identify, source, mobilize and rent equipment. We will also introduce GPS and telemetry to manage equipment lifecycle and maintenance. We like to think of ourselves as the 'Netflix' in equipment rental in Africa.