E-commerce
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New investment for Kenyan catalogue retailer
Nairobi-based Copia has raised USD26 million in a Series-B equity round led by UK-based impact investment fund LGT Lightstone. Impact investing refers to investments that are made with the aim of generating a measurable social, or environmental benefit, in addition to a financial return. According to Copia, it intends to use this investment to expand
2nd December 2019
Categories: SagaRetail News - Kenya
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Jumia IPO gives a peek under the hood of African e-commerce
As had been widely anticipated (see our previous story), Jumia is to list on the New York Stock Exchange. Founded in 2012 by Berlin-based Rocket Internet (which currently holds a 20.6% stake), Jumia is part-owned by telecommunications companies MTN (29.7%) and Millicom International Cellular (9.6%), insurance company AXA (5.8%), and alcoholic drinks giant Pernod Ricard
14th March 2019
Categories: SagaRetail News - Consumer - Egypt - Retail & Shopping Malls - Ghana - Algeria - Cameroon - Cote d'Ivoire - Kenya - Morocco - Nigeria - Rwanda - Senegal - Tanzania - Tunisia - Uganda - South Africa - Ivory Coast
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Need a goat in a hurry? This Angolan start-up will deliver it to your door – still bleating
The on-demand delivery segment is hotting up in Africa, with Spanish company Glovo commencing operations in Kenya and Morocco recently and Angolan player Tupuca exhibiting strong growth. Based in Luanda, the latter was founded by four friends in 2015 and now has 140 drivers making 17,000 deliveries a month, with an average order value of
27th February 2019
Categories: SagaRetail News - Retail & Shopping Malls - Angola
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High noon in Egyptian e-commerce
Noon, an internet retailer that debuted in Saudi Arabia and the UAE in 2017, recently launched a beta version of its website in Egypt. Backed by USD1 billion in investment from Saudi Arabia’s Public Investment Fund and a number of private individuals in the Gulf region, it currently sells products in Egypt across five categories:
27th February 2019
Categories: SagaRetail News - Egypt - Retail & Shopping Malls