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Nomanini launches StockNow, a digital retailer solution, to bring affordable working capital to Africa’s informal retail markets

Nomanini (https://Nomanini.com), a fast-growing fintech platform in Africa, has today announced the launch of a new supply chain finance solution called StockNow that connects FMCGs and financial service providers to serve Africa’s informal retailers at scale. StockNow, an easy-to-use app for retailers developed by Nomanini, makes it possible for informal …

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Egypt’s Food Lab Raises $4.5m from Global Investors

The Food Lab (TFL), Egypt’s first cloud kitchen services operator, has announced the completion of a significant $4.5 million pre-seed fund raising round. This round includes investors from across the world and was co-led by Nuwa Capital, Shorooq Partners and 4DX Ventures. The pre-seed round also saw the participation of Saudi Arabia …

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Mastercard MEA SME Confidence Index: 78% of SMEs in Retail Across Middle East and Africa Optimistic About Future Growth

78% of SMEs in region’s retail sector are optimistic about the next 12 months, according to Mastercard MEA SME Confidence Index SME confidence levels were highest among businesses in retail, ahead of other sectors, like food and beverage, entertainment, construction, and manufacturing Research identified key areas with the greatest potential …

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Transforming Agri-Food Systems to the Sustainable Development Goals

Hand-in-Hand with the private sector Transforming the world’s agri-food systems, the way we produce, process, distribute and consume food has been identified as one of the key avenues to achieving many targets of the 2030 Agenda. This means better production, better nutrition, and a better environment, for a better life. …

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Jumia Ranked 7th among the Top 10 Influential Brands in Egypt in 2020

Jumia, the leading e-commerce company, topped the list of the most influential brands in Egypt, according to a survey conducted in 2020 by IPSOS, the global research company, which is the third largest global research agency. IPSOS stated in its study that Jumia topped the list in the digital and …

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Jumia Adding Food-Delivery Service in Egypt

Jumia Technologies AG is rolling out its restaurant-delivery service in Egypt, making the country the tenth where it offers the capability. Hesham Safwat, Jumia’s Chief Executive for the Egyptian market, said the ecommerce company focused on Africa is planning to launch the service during the first quarter with hundreds of …

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Jumia Launches Its New Technology Center in Egypt

Inspired by Egypt’s leadership in the field of information and communications technology as a result of its well-trained cadres, the eCommerce leader in Egypt and Africa, has announced that the Egyptian market has been chosen officially to host a technology center to be the new Jumia technology center in Africa …

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Egypt Post Partners with Jumia to Offer E-commerce and Logistic Services

Egypt Post and Jumia signed today a cooperation protocol that aims to boost and develop e-commerce trade flows and industry in Egypt. Dr. Sharif Farouk, Chairperson of Egypt Post, said that the agreement aims to overcome the barriers that affect the potential growth of Egypt’s e-commerce market. He also pointed …

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72% of Egyptian Consumers are Shopping More Online since the Start of Pandemic, Reveals Mastercard Study

Clothing (62%), Computer and electronics (56%), and health products (55%) top the virtual shopping list in Egypt 4 in 5 people are using the downtime to upskill. Top learning experiences include banking, cooking, dancing, learning a language, and managing their health online Social media has become an integral platform for …

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Mondia and Jumia Launch Exciting New Gaming Service on JumiaPay App for Consumers in Africa

Mondia (https://Mondia.com), a leading technology company which specialises in the marketing and distribution of digital content and Jumia (NYSE : JMIA) (www.Jumia.com.ng), Africa’s largest e-commerce platform, today announced the launch of Jumia Games, a competitively priced entertainment category on the JumiaPay App. In its first phase, the fully branded gaming …

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