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The shipping business in Africa has for years been inefficient and costly due to the traditional ways of managing operations – traditional in the sense that a shipper has to physically look for a transporter, sometimes through a middle-man, and often, once goods are delivered, the trucks almost always make the return trip empty.
In February I found myself seeking air-conditioned sanctuary in the Dar Es Salaam offices of Kinu , a co-working space and business accelerator, talking with Co-Founder and Community Manager John Paul Barretto. industry in Tanzania. Aside from the required infrastructure, labor conditions and ease of doing business, etc.,
By leveraging Ramani’s technology, the MDCs can digitally track their operations easily and get financing based on the performance of their businesses. The startup recently received its lending license from the Bank of Tanzania, and has already introduced a 30-day inventory financing product in the market.
Their Tweetsgiving campaigns were fundraisers benefiting Mama Lucy’s school in Tanzania and connected the students to their supporters through Twitter. Whether that “you” is the government, business, public services, other community members, or even philanthropists. Philanthropy has been able to move into the real time web, too.
Also looking at scalability of the business model of being an OEM, it’s kind of […] linear.” But at some point, you realize you want to really plan with that revenue, so you want to have monthly revenues, which generally repeat like a software business – like software as a service.” With its U.S.
M-KOPA started with solar-power home systems targeted at lower-income and rural customers without electricity in Kenya, Tanzania and Uganda. Six years ago, it was heavily focused on East Africa, but having pulled out of Tanzania, M-KOPA is present in Kenya, Uganda, Nigeria and Ghana.
Nicole Wallace, the tech reporter for the Chronicle of Philanthropy, who does a great job, just wrote an article on new business plan software that the Social Enterprise Alliance has helped develop, entitled New Technology Tools Aid Business Plans. People who have heard me speak know how excited I am about the potential of cell phones.
to East African countries (Kenya, Uganda and Tanzania), thus ushering the Tanzanian fintech into the remittance business. The business opportunity for remittance is lucrative despite digital lenders vying for less than 20% of the international money market dominated by traditional offline players. and the E.U., and the U.S.
In our experience international entrepreneurs need to work on being more confident in their pitches and succinctly communicating their idea, business model, market size and what problem they are going to solve. Anyone can have an idea but if you can’t get it out into the world or communicate it clearly it might as well not exist.
r Internationale Zusammenarbeit (GIZ) will train managers of leading accelerators in Africa over the next two years, to help them establish sustainable business models that commandeer greater influence in their ecosystems. Silicon-Valley based VC firm 500 Global and German’s economic development agency Gesellschaft fu?r
In an interview with TechCrunch, CEO Onayemi, a lawyer by profession, said the idea for Norebase came after various conversations on how his clients and colleagues in tech could leverage AfCFTA for their businesses. It allows founders and businesses to start and scale across several African countries at once or periodically.
Too often, people advocate for one-size-fits-all solutions: that the world needs to go organic, or that everyone should be using more synthetic inputs; that we should all go vegan; that we should bring down the big food and agri-businesses; that everything we eat should be prepared from fresh. They only eat what they have gathered that day.
Part of the funding will be used to expand the business’ presence. It also has a presence in Zambia, Uganda, Tanzania and Nigeria, where it says its customers tripled over the last one year. The company was founded in 2007 by T. Patrick Walsh (CEO) and Anish Thakkar.
The startup, currently with operations in Nigeria, Tanzania and India (Uttar Pradesh and Bihar), has set an ambitious goal of installing at least 5,000 mini-grids by 2030 and in the process make 1 million connections – half of which will be micro, small and medium-sized enterprises. Image Credits: Husk Power Systems.
They are responsible for communication between banks and fintechs to settle transactions for consumers and businesses swiftly. Dash’s alternative payment network brings together this mobile money and traditional banks and facilitates transactions for consumers and businesses. Africa has it different.
So that’s what we’re evolving into as a business,” CEO Peter Njonjo said to TechCrunch in an interview. Once the company manages to set it up, Njonjo says the model might be spun off as a separate business to maintain a more asset-light approach to expansion. The funding will be used to test the concept out.
To celebrate all of the good going on around us, they’ve created a huge, global image gallery of people, organizations and businesses doing good this holiday on their Facebook page – because they believe that #GoodSpotting is everywhere, and something everyone can do. The call to action?
In its expansion phase, backed by a $3 million pre-seed funding, the startup looks to tap some of the biggest distributors and e-commerce players in Ghana, and later Nigeria, to grow beyond Kenya, Tanzania, Uganda, Zambia and Zimbabwe. A SaaS provider for businesses, logistics providers and marketplaces.
MarketForce, a Kenyan B2B retail and financial services distribution startup, has expanded into five additional markets across Africa to grow RejaReja — its retailer ‘super app’ that makes it possible for informal merchants to order and pay for inventory digitally, accept payments for utility bills, and access financing for their businesses.
Tridge says its valuation has soared in about a year because it has generated revenues in Tridge’s fulfillment service business since September 2021 after raising the Series C round. Brazil, Turkey, India, Vietnam, Australia, Tanzania, the Netherlands, and Canada,” Hoshik Shin, founder and CEO of Tridge, told TechCrunch.
In its next phase of expansion, Bento is eyeing Egypt, South Africa, Uganda, Tanzania, Angola and Ethiopia by the end of next year. The startup, founded in 2019, is helping businesses to automate the disbursement of salaries and other statutory remittances including taxes and pension. Its platform currently supports 400 businesses.
One of Cardona’s goals is to bring the unit economics down so that smaller businesses can also afford 1Doc3, which for corporates, now charges between $3-4 a month/employee. For big companies, the money isn’t an issue, but our region is comprised of small to medium-sized businesses,” Cardona said.
And what started in Kenya soon scaled into neighboring East African markets Tanzania, Rwanda and Uganda in 2018. Wasoko allows retailers from Kenya, Tanzania, Rwanda, Uganda, Ivory Coast and Senegal to order products from suppliers via SMS or its mobile app for same-day delivery to their stores and shops via a network of logistics drivers.
Figorr (previously Gricd ) runs IoT-powered solutions that provide businesses, especially those in healthcare and agriculture, with key data such as location, humidity, and temperature of highly-perishable products, helping entrepreneurs to cut the losses that emerge from lack of such visibility. The startup has so far raised $1.7
JUMO , a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in emerging markets, has raised $120 million in a new round of funding led by Fidelity Management & Research Company. It also plans to provide longer-term lending options for merchants and bigger businesses.
With Twiga Fresh, the latest addition to its private label business, they project a better control of production. The company says its farm is one of the largest commercial fresh produce establishments targeting the domestic market since most large-scale horticultural businesses in the East African country export their harvests.
She connects people with the businesses and opportunities that expand their lives. Technical in Tanzania. Dear Technical, As a startup founder from Tanzania, you have several immigration options available to you, including the Diversity Immigrant Visa (green card) Program. More posts by this contributor.
So we decided to build a business that does exactly that, that helps people save money in the stable currency and spend as they go in local currencies,” Ismail, the company’s chief executive, told TechCrunch on a call. We think the right way to build a business is to go after the largest opportunity first. So why Sudan? “We
They allow businesses such as mobile operators, e-commerce platforms, and logistics companies to embed and enable banking products for their customers. With this new financing, Credable plans to launch four more products this year and partner with businesses in these countries. million seed round. So far, over 1.2
In an email sent from Marketforce CEO Tesh Mbaabu and obtained by TechCrunch, the layoffs were a part of a reorganization strategy in Kenya, one of its five markets which include Nigeria, Rwanda, Uganda and Tanzania. . Sources also implied that Marketforce might be struggling with its business as suppliers have begun pulling out.
Although it is yet to launch in the country, Obong said Uganda is in Grey’s regional purview as well as fellow East African country Tanzania; the fintech will expand into the latter within a month, he added. Grey claims to have about 100,000 individual users, and since the beginning of the year, its transaction volumes have increased by 200%.
And because we are also an accelerator, we have created and validated an approach that helps us identify investable businesses… we also have created structures that help angel investors invest in these businesses alongside VCs too,” she said. Fintechs in Africa continue to overshadow all other startups in funding gained.
The firm has a presence in Kenya, South African and Tanzania, but its core markets remain Kenya, Nigeria, and South Africa. Even during a pandemic, we held 3 internships in 2020, some virtual and some in-person in Kenya and Tanzania,” the statement read. Lead investor IFC confirmed the news with TechCrunch.
Part of the funding will go toward increasing access to clean energy for off-grid households and businesses in the region. The fund invests in at least half of companies that explicitly address the energy needs of women consumers and entrepreneurs in Africa, and those offering renewable energy solutions to businesses and households.
The burgeoning market is indicative that insurtechs are actively providing various solutions to businesses and end consumers, helping them manage the risks of purchases ranging from buying cars to accessing accommodation. The distribution business is essentially its embedded insurance product Grow.
After selling their hospitality tech startup, Teranga, in 2018, Senegalese brothers Moustapha and Alioune Ndoye ventured into the trucking business as they pondered their next move. Some market research made them aware of the full extent of inefficiencies in the trucking business, which especially limited the earnings of owner-operators.
Appzone, having built both banking and fintech layers, wants to connect individuals and businesses to their services. Other countries with a presence include the Democratic Republic of Congo, Ghana, Gambia, Guinea, Tanzania and Senegal. Before now, Appzone closed a $2 million round from South African Business Connexion (BCX) in 2014.
The company also just closed on $14 million in funding to expand its business across Africa. His father was born in Tanzania and his mother grew up in Kenya and they eventually found their way to the U.S. While pursuing a business degree at NYU Ibrahim met Nichols, who had been working on large-scale solar projects in the U.S.,
Now that we believe we’ve really begun to solve the problem of making the text in books accessible for the 1% of the population with a severe print-related disability, we’re busy thinking about the next frontier. It is a great testament to the strength of support for Miradi in the environmental sector.
Vancouver, British Columbia: Photojournalism for Nonprofits and Small Businesses #Storymakers2017. Bunda, Tanzania: Microsoft Cloud Computing. Musoma, Tanzania: Adobe Spark: Storytelling for Nonprofits. Bunda, Tanzania: Microsoft Cloud Computing. Morogoro, Tanzania: Storytelling Event; Storymakers Campaign.
Still, the ride of running a business thrilled her, and she helped with accounting and payroll. Later, she would study accounting and business at the University of Notre Dame, where she met Umubyeyi. In the end, she realized creating a business could have the same effect. After moving to the U.S.
The concept is ubiquitous in East Africa, but since mobile money is a telecom operators-led initiative, there are technical complexities in creating a unified infrastructure for businesses that need it. PawaPay , a U.K.-based based and Africa-focused payments company, is one of the few tackling these complexities.
In Africa, this occurrence is happening in part, at least for the classifieds businesses that haven’t fizzled out. This made FCG the largest shareholder and parent company in the Nigerian car business. That said, this is not the first time Jiji and OLX have done business.
If you are in Tanzania or Liberia, nothing is going to offend you more than only being served Nigerian, Ghanaian, or South African songs. Betting on Africas music boom Cirisano cautions, however, that business models that work in the West may not easily translate to emerging markets.
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