A trader in a corner shop in Nakuru, Kenya who sells groceries has a hard time getting regular supplies. Distributors don’t bring goods to her because she typically orders small quantities. When retailers like her need to restock, they may have to shutter their shops, hire a taxi and journey to the distributors’ depots. These […]
An online marketplace, Africa Medical Supplies Platform (AMSP), has launched to provide the purchase, volume aggregation, quota management, payment facilitation as well as logistics & transportation of COVID-19-related medical equipment across the African continent. The project is a collaborative effort between Janngo—the social startup studio founded by former Jumia Chief Executive Officer (Ivory Coast) Fatoumata […]
Adebayo Adedeji, the CEO of Wakanow, the online travel agency, has a front row seat to the crash. In his estimation, his company and Nigeria’s online travel-booking industry as a whole barely did any business in April. Bookings slumped by 98% relative to March. In March, volumes dropped by more than half compared to previous […]
The world is slowly grinding to a halt, at least physically, as COVID-19 continues to make its round across the globe. Confirmed cases are rapidly approaching half a million. On the continent, Africa’s largest economy has seen a rapid climb in number of cases in the last week and has recorded its first fatality from […]
Sendy, a Kenyan startup that facilitates on-demand delivery services, has closed a $20 million Series B round, TechCrunch reports. Founded in 2015 by Meshack Alloys, Evanson Biwott, Don Okoth, and Malaika Judd, Sendy is an online platform for connecting entities (people and companies) who need to move goods, with willing movers. Vehicle owners can become […]
Jumia and Transsion, two of Africa’s largest tech businesses had their IPOs in 2019. But their fortunes have largely gone in opposite directions since.