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e-commerce

A collection of 18 posts

Driving D2C in South Africa in 2023

Driving D2C in South Africa in 2023

Unlike B2C It is thought that brands’ necessity to survive gave rise to the new face of D2C e-commerce. But, the business model that permits companies to sell to customers directly has sped up growth in startups and e-commerce. It is the most popular among startups and is no longer

Reviewing the Kenyan E-Commerce Sector

Reviewing the Kenyan E-Commerce Sector

The e-commerce Sector is growing rapidly in Kenya, with user penetration exceeding the regional average and revenues expected to grow at a 16.4% annual rate by 2025. E-commerce generated the most digital revenue in Kenya in 2020, with $1.1 billion and a 76.1 percent share. Within the

Amending the GST Act; More for E-commerce in Southern Africa

Amending the GST Act; More for E-commerce in Southern Africa

E-commerce Tax Act Globally, governments place a high emphasis on tax collection in order to finance their spending. As a result of technical improvements creating a global economy and making it simpler to transact across borders with specific markets, various governments are also figuring out how to keep the balance.

Yaga, an E-Commerce Platform for New and Used Clothes, Gets $2.2M to Further Expand in Africa and Asia

Yaga, an E-Commerce Platform for New and Used Clothes, Gets $2.2M to Further Expand in Africa and Asia

Yaga, an e-commerce platform for selling and buying new and used fashion items, has secured $2.2 million from investors to expand further in African and Asian markets. The funding round was led by Startup Wise Guys, with participation from Trind Ventures, Specialist VC, and Rubylight, a Latvian venture capital

Sky.Garden, Kenya’s E-Commerce Startup on the Verge of Shutting down, Gets a Lifeline

Sky.Garden, Kenya’s E-Commerce Startup on the Verge of Shutting down, Gets a Lifeline

Sky.Garden, Kenya’s e-commerce startup, which announced in late September that it will close by October 16 – due to a shortage of funds – having issued a termination letter in a memo sent to employees earlier in September, has announced that it will now be acquired and continue operating under

Jumia Group Co-Founders, Sacha Poignonnec and Jeremy Hodara Step Down as Co-CEOs

Jumia Group Co-Founders, Sacha Poignonnec and Jeremy Hodara Step Down as Co-CEOs

Jumia Group co-founders, Sacha Poignonnec and Jeremy Hodara have stepped down as Co-CEOs of the e-commerce firm. The two co-CEOs announced this in separate LinkedIn posts. According to a company statement, Francis Dufay, the Executive Vice President for Africa and former CEO of Ivory Coast, will now serve as acting

Examining Africa's E-Commerce Sector

African e-commerce sector

Examining Africa's E-Commerce Sector

There has been an increase in e-commerce, (technology-mediated transactions) to improve the quality of life around the world in the last decade. While these were to be expected given the age of global digital transformation, the COVID-19 pandemic accelerated it. E-commerce, as a technology-mediated transaction, has become a powerful tool

Sky.Garden Stakes Merger and Acquisition amidst Poor Financing

Sky.Garden Stakes Merger and Acquisition amidst Poor Financing

Kenyan e-commerce startup, Sky.Garden’s founder and CEO, Martin Majlund has announced that the company will close by October 16 – due to shortage of funds – having issued a termination letter in a memo sent to employees earlier in September. Open solely to Kenyan traders, the startup deals in mobile

Walmart considers total takeover of Massmart South African business

Walmart considers total takeover of Massmart South African business

As it gets ready to refocus on South Africa, Walmart Inc. intends to take Massmart Holdings private and raise the unit’s COO to the position of CEO. Massmart announced it reached a principle agreement with majority shareholder Walmart that could potentially see the US-based corporation acquire all of the

Durban-based Ignition Group Acquires Online Classified Platform, Gumtree

Durban-based Ignition Group Acquires Online Classified Platform, Gumtree

For the first time in 18 years, Gumtree South Africa will be owned by South Africans. Previously, the American worldwide e-commerce company eBay and then Adevinta held control of the company. The acquisition firm Impresa Capital is the principal shareholder of the Durban-based Ignition Group of enterprises, which was founded

South Africa’s E-commerce Startup, Makro, Launches Online Shopping App

South Africa’s E-commerce Startup, Makro, Launches Online Shopping App

The parent business’s long-term digital and e-commerce transformation strategy, Johannesburg Stock Exchange-listed Massmart, has announced the introduction of an online shopping app by South African retailer Makro. Makro claims that the app already has over 120,000 products and will allow users to quickly and affordably purchase items from

South Africa’s Competition Commission Claims Amazon unlikely to ‘displace’ Takealot in South Africa

South Africa’s Competition Commission Claims Amazon unlikely to ‘displace’ Takealot in South Africa

Although the retail behemoth, Amazon, is reportedly launching in South Africa, the Competition Commission claims it is doubtful that it can unseat current leaders like Takealot. The commission released its Online Platforms Market Inquiry’s findings on Wednesday 14 July, and many issues with Takeloot’s dominance as well as

Amazon is Coming. Beware Jumia

Amazon announced it will be expanding to Nigeria and South Africa by April 2023. And no, I don’t mean the group of female warriors and hunters who matched men in physical agility and strength and possessed archery, riding skills, and combat arts. Instead, I am talking about the American

Kenya based Twiga embarks on commercial farming with the launch of Twiga Fresh

Kenya based Twiga embarks on commercial farming with the launch of Twiga Fresh

In sub-Saharan Africa, 90% of retail is informal, highly inefficient and characterised by layers of intermediaries. To curb this, Twiga, a B2B ecommerce startup is launching Twiga Fresh, a new subsidiary, through which it will farm and distribute its own agricultural produce to traders. The Kenyan startup says it has

Kenya's Sokowatch raises $125M in Series B as it rebrands to Wasoko to further expand across Africa

Kenya's Sokowatch raises $125M in Series B as it rebrands to Wasoko to further expand across Africa

Kenya-based B2B company, Sokowatch has raised $125 million in Series B round in full equity and rebranded to Wasoko. This funding is the largest funding round raised in Africa for a non-fintech startup. The series round was led by Tiger Global and Avenir Growth and also had participating VNV Global,

Ghanaian e-commerce startup Tendo has launched in Nigeria with backing from big name investors

Ghanaian e-commerce startup Tendo has launched in Nigeria with backing from big name investors

Ghanaian e-commerce platform Tendo has launched in Nigeria after securing investments from leading accelerators such as Catalyst Fund, Google, and Y Combinator. The startup, allows anyone to start an online business without upfront capital. Tendo connects small businesses and merchants to individuals who resell. This allows resellers to add their

Uganda Lowers Bank Cheque Limits To boost e-Transactions

Uganda Lowers Bank Cheque Limits To boost e-Transactions

To shore up mobile money and electronic transactions in the country, the Bank of Uganda has announced that it will lower cheque value limits for amounts above the equivalent of about $2,800 in local and foreign currency starting Jan. 15. NOTICE: NEW CHEQUE VALUE LIMITS EFFECTIVE JANUARY 15, 2022.

Afrikrea Raises $6.2m Pre-Series A Round, Rebrands as ANKA

Afrikrea Raises $6.2m Pre-Series A Round, Rebrands as ANKA

Afrikrea, an Ivory Coast-based startup and e-commerce platform for all things made of Africa, has raised a $6.2 million pre-Series A funding round and rebranded as “ANKA.” ANKA means “ours” in Bambara, a shared language in the region from Mali and Ivory Coast, and across West Africa. It aims