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Yaga Raises $2.3 Million to Grow Pre-loved Fashion Market in Africa
Women across Africa and Asia will soon be spoilt for choice when it comes to second-hand clothing after Yaga, a women-founded e-commerce start-up, raised €2.2 million ($2.3 million) to grow its platform.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Amazon to Launch South Africa Marketplace in 2024, Sellers Can Register from Today
The launch of Amazon's marketplace will bring big competition to South Africa's existing e-commerce companies.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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A $200 Billion Opportunity: What Payment Data Shows About the Rise of Africa’s Digital Economy
Africa’s digital economy is growing rapidly, and according to Agosta Liko at Pesapal, businesses, financial institutions and governments could add US $200 billion to the continent’s GDP in the next six years by supporting that growth. He shares payment data that highlights how, and where, digital transactions are happening in Africa — both online and in person — and explores what that means for the digital economy’s growth prospects in the region.
- Categories
- Finance, Technology
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Inside Francis Dufay’s Urgent Plans to Rescue Jumia, the Struggling Amazon of Africa
As chief executive, Dufay inherited a struggling business that is no longer growing, putting it at risk of running out of money in a little over a year.
- Categories
- Technology
- Region
- Global
- Tags
- e-commerce, startups
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TikTok’s E-Commerce Ambitions Stall as Global Backlash Grows
TikTok can advertise to more than 100 million users in Indonesia, but they now need to go on a different app or site to buy.
- Categories
- Technology
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Brazilian Payments Firm, EBANX, Expands into 8 New African Countries
Besides Africa, the fintech firm also revealed its plans for further expansion across Latin America and the Caribbean.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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IFC Leads $5 Million Extension Round in Ivorian SAAS E-Commerce Platform ANKA
ANKA said it will use the fresh investment to strengthen product development and expand services, particularly in its key markets: Nigeria, Kenya and the U.S.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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From $2M to $42 Million: Wasoko’s Success Story in Rwanda Sparks Democratic Republic of Congo Expansion
Wasoko, an African e-commerce company that uses smart technology to transform the informal retail supply chain, has today announced its expansion into the Democratic Republic of Congo (DRC).
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, MSMEs, startups, supply chains
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