DisrupTech Ventures invests in Morocco’s Chari to expand fintech inclusion across Africa

Posted on by africanretailteam | 875 Views | 12 min read

Press release: DisrupTech Ventures, a leading early-stage fintech venture capital fund, announces its investment in Chari, a Y Combinator–backed startup that is transforming Morocco’s retail sector into a nationwide fintech network. This marks DisrupTech’s first investment in Morocco and its second in Africa outside of Egypt, underscoring the fund’s growing commitment to supporting fintech innovation

Cross Switch Launches New Identity to Power Payments Across Emerging Markets

Posted on by africanretailteam | 11086 Views | 12 min read

This article was originally published on the Cross Switch website here. Cross Switch, a global payment orchestration platform built for the unique needs of emerging markets, has unveiled a refreshed brand and newly redesigned website that reflect its continued growth and expanding presence across Africa and other high-growth regions. This announcement builds on recent momentum, including

Vivo Energy Maroc Launches “La Pause” at Shell Stations

Posted on by africanretailteam | 4948 Views | 11 min read

Vivo Energy Maroc, the company responsible for the distribution and marketing of Shell-branded fuels and lubricants in Morocco, and Butagaz-branded Liquefied Petroleum Gas, is taking a new step in improving the customer experience with the launch of “La Pause,” a catering concept integrated into its service stations. This initiative offers a contemporary offering, inspired by

JYSK Opens in Morocco Marking First Entry in Africa

Posted on by africanretailteam | 9925 Views | 8 min read

JYSK opens the first two stores in Casablanca, Morocco. The opening not only establishes JYSK’s presence in Africa but also marks a significant milestone as the company expands into its 50th country. JYSK has officially entered Africa, marking a new chapter in the Danish home furnishing company’s international expansion as the first two stores open

AliExpress Elevates Online Shopping in Africa with More Local Payment Options

Posted on by africanretailteam | 19793 Views | 7 min read

AliExpress, an international online retail marketplace, announced today a significant expansion in its payment options for shoppers across Africa to elevate online shopping in the continent. This initiative follows AliExpress’ introduction of various local mobile payment methods last year, which was welcomed by consumers seeking better access to global products. Starting this March, AliExpress has

Jumia, the African Online Retailer, Is Set to Exit South Africa and Tunisia.

Posted on by africanretailteam | 31271 Views | 7 min read
Jumia

Jumia, the Africa-focused e-commerce retailer, will close its South African online fashion platform Zando and its Tunisian operations by year-end to concentrate on other markets, the CEO told Reuters. Jumia is aggressively cutting costs to try to turn profitable, including by reducing head count, exiting everyday grocery items and food delivery and cutting delivery services

Africa Is Leapfrogging Into the Future of Retail – Africa Business

Posted on by africanretailteam | 33577 Views | 21 min read

The bi-annual Global Retail Development Index (GRDI), which is a study of the global retailing landscape has revealed Africa is poised to move away from traditional retail models and become the fastest-growing, richest, and most sophisticated market in the world. Prashaen Reddy, a partner at management consulting firm Kearney says that this is thanks to

Keeping up With Order Fulfilment in an Always-on and Always-Growing Ecommerce World – Payments and Commerce Market Intelligence (PCMI)

Posted on by africanretailteam | 76019 Views | 14 min read

With online sales in Africa on course to top the trillion-rand mark by 2026, the race is on for ecommerce businesses to claim their piece of the pie. Research by Payments and Commerce Market Intelligence (PCMI) indicates that in the next two years the digital commerce market is expected to reach US$72-billion across South Africa,