Inspiring Sustainable Business in Africa
EGYPT – Mazaya, the first B2B e-commerce platform that is focused on electronics, has announced that it has completed a pre-seed round of funding in the amount of US$5 million. The round was headed by Raya Trade & Distribution, which is a subsidiary of Raya Holding for Financial Investments. Mazaya will be able to scale its operations in Egypt, as…
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KENYA – E-commerce platform, Jumia has launched a new integrated warehouse and logistics network facility in Nairobi, Kenya, to enhance the consumers’ shopping experience by reducing delivery times and cutting costs. The 11,000 metres facility will transform Jumia’s logistics operations by providing increased storage capacity for scale-up of warehouse operations and also provide converged services. Located along Mombasa Road, the…
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SOUTH AFRICA – Online marketplace Bidorbuy has joined forces with e-logistics firm uAfrica to form Bob Group, a new e-commerce platform with a special focus on small businesses. Bob Group, a new merchant- and consumer-focused company, will offer everything e-commerce to all local consumers and companies operating online, whether they are looking to sell, buy – or both. Bidorbuy says…
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ZANZIBAR – Wasoko, an e-commerce company leveraging innovative technology to transform the informal retail supply chain, has announced the official launch of the “Wasoko Innovation Hub” in partnership with the Zanzibar government. Located in Fumba Town, Zanzibar, the new Hub will focus on building world-class tech solutions that will drive Africa’s e-commerce industry for years to come, becoming home to…
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NIGERIA – Kwik, a logistics delivery startup, has announced that it officially launched its innovative and just-in-time delivery solutions to merchants, entrepreneurs, businesses, government agencies and social vendors in Ibadan, southwestern Nigeria. Dubbed “Africa’s largest village”, Ibadan is one of the fastest-growing urban area in Nigeria and a key commercial city. One of the downsides to this rapid development is…
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KENYA – Copia Global, the B2C e-commerce platform designed to serve the rapidly growing middle and low-income African consumer market, has launched a new manufacturing unit that will enable it to enhance its output of affordable sugar and rice to the Kenyan market. The new machine doubles the capacity offered by Copia to supply the goods to the Kenyan market,…
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EGYPT – Homzmart, a one-stop shop platform for furniture and home goods, has landed a pre-Series B investment of US$23 million recently, bringing its total investments up to almost US$40 million. The latest fund included the participation of STV — the region’s largest technology VC fund — along with other prominent investors, such as Impact46, Outliers Ventures, Rise Capital, and…
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EGYPT – The Fashion Kingdom (TFK), Egypt’s first curated e-commerce marketplace for fashion, beauty, and home products with a 360-degree value proposition for companies, has announced the successful conclusion of a US$2.6 million Seed fundraising round. The first corporate venture capital firm in Egypt, CVentures, and the top early-stage venture capital firm in MENA, A15, jointly led the Seed funding…
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KENYA – Kasha, the purpose-driven digital retail and distribution platform, has joined Jaza Duka, Mastercard’s micro-credit digital lending platform in Africa. The program, launched in partnership with Unilever and KCB Bank Kenya has now expanded to include an additional 5000 Micro Small and Medium- Enterprises (MSMEs) through Kasha. The program aims to help micro-entrepreneurs overcome cash constraints that limit their…
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SOUTH AFRICA – Shopstar, the South African e-commerce platform, has announced that it has secured third-round funding from Launch Africa Ventures, signalling the next phase in its strategy to scale. The exact amount was not disclosed. Shopstar enables local entrepreneurs to build online stores. Launch Africa Ventures is known for its early investment into and backing of over 60 high-potential…
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