Kenya

Bolt to Invest Over €500 Million in Africa Over Next Two Years as It Surpasses 1 Billion Rides on the Continent

Bolt, the leading mobility app in Africa, has announced plans to invest €500 million in its operations on the continent over the next two years. The funds will be used to expand Bolt services in Africa and create opportunities for over 300,000 new drivers and couriers to join the platform …

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MACmobile: Driving Adoption of Digital FMCG Solutions in Kenya

By Andrew Dawson, MD of MACmobile Mobile penetration is exceptionally high in the Kenyan market, and the adoption of mobile technologies is well accepted. The strength of this market presents a massive opportunity to grow and optimise the Fast-Moving Consumer Goods (FMCG) space, but several factors need to be considered …

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3 Key Trends for Africa’s Informal Retail Sector in 2023

According to Boston Consulting Group (BCG), Africa’s informal retail sector accounts for more than 70% of food, beverage and personal care products provided to consumers across the continent. However, despite their importance, local informal shops throughout Africa have been consistently held back for decades by a host of major challenges …

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Jumia Kenya Targets 15% Growth in Rural Areas in 2023

From next year,  2023, Jumia customers in Nyanza and Western regions in Kenya will benefit from the Jumia City Penetration program giving them access to millions of products on the online platform at a reduced delivery fee. Jumia plans to expand its reach to rural areas by 15% in the …

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Africa’s Changing Shopping Trends Allow E-tailers to Meet Customers’ Evolving Expectations to Gain Long-Term Loyalty

By Darijan Bošković, Sales Director: Africa at Infobip The African continent is widely considered retail’s next big gold rush, based on its population of 1.4 billion people, which includes more than 500 million internet users and over 330 million eCommerce consumers. Additionally, with 19 of the top 20 fastest-growing countries …

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Jumia, Coca-Cola Partner to Provide Online Shopping to Consumers In Africa

Jumia (NYSE: JMIA), the leading e-commerce platform in Africa, has today announced a partnership with Coca-Cola Africa Operating Unit to offer consumers access to Coca-Cola products from the comfort of their homes. The partnership will provide a steady supply of Coca-Cola’s beverage portfolio to consumers who prefer to shop online …

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Wasoko Launches Innovation Hub In Partnership with The Government of Zanzibar

Africa’s Largest B2B E-Commerce Network Becomes Official Private Sector Ambassador for “Silicon Zanzibar” Initiative  Wasoko, the African 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 …

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Sabi Opens an Office in Johannesburg to Enable the Digital Transformation of South Africa’s ZAR 157 Billion Informal Economy

South Africa’s micro, small and medium-sized traders can now improve their cash flow with more reliable supply chains and better customer marketing using Sabi, Africa’s leading B2B platform for goods and services distribution. SABI is partnering with Vumele to enable and empower South Africa’s informal economy. Sabi recently opened an …

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Nestlé Appoints Arvind Bhandari as Cluster Head for East and Horn of Africa Region

Bhandari has 18 years’ experience of driving growth of the Nestlé business Nestlé has appointed Arvind Bhandari as the new Cluster Head for East and Horn of Africa, which forms part of Nestlé East and Southern Africa Region (ESAR). In this role Bhandari will manage operations in Kenya, Tanzania, Ethiopia, …

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Bolt Announces Ongoing Post-pandemic Growth to Mark Ninth Anniversary

The company has quadrupled its business globally since the start of the pandemic and launched two products in the same period As of today, Bolt is present in 45 countries and over 500 cities, an increase of more than 200% before the pandemic  In South Africa, Bolt is available in …

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