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Chari digitizes the largely fragmented FMCG sector in parts of French-speaking Africa, particularly Morocco and Tunisia. CEO Ismael Belkhayat told TechCrunch that Axa was pulling out its credit business — secondary to its core insurance business— from Morocco and saw Chari fit to take over.
If there’s a sector that has seen the biggest uptick in the number of startups and venture capital in emerging markets since the start of last year, it has to be the digitization of mom and pop stores. Rocket Internet, Global Founders Capital and P1 Ventures co-led the round, which is the largest of its kind in Morocco at the moment.
Diplomatic leaders leaders gathered in Marrakesh, Morocco. Last month, leaders from around the world gathered in Marrakesh, Morocco, with the hope of taking a huge step forward and designing that international model. We help more than 250,000 people with print disabilities thanks to our U.S. copyright exception.
The highlight of third day was a VIP Lunch with project sponsors, implementation team, and remote participation via skype from members of the In-Country teams in Jordan and Morocco. Widad El Hanafi, Country Director in Morocco gave an overview of the challenges faced by NGOS in her country and social media use.
The startup is announcing the acquisition of Morocco-based B2B e-commerce and distribution platform WaystoCap for an undisclosed amount. That business model got WaystoCap into Y Combinator’s Winter batch in 2017, making it the first company accepted from Morocco. The company subsequently raised a $3 million seed round.
Nigeria leads the way again with five startups, while Egypt has four, Morocco has two, and Kenya, Ghana, Zambia and South Africa each have one. Chari (Morocco). A wave of disruption of digitizing informal retail stores is sweeping across emerging markets this year, and Chari is joining in on the action. Freterium (Morocco).
Like many startups playing in the B2B e-commerce space across the continent, Chari digitizes the largely fragmented FMCG sector in Morocco and Tunisia. Chari, a Moroccan startup digitizing mom and pop stores, raises $5M at $70M valuation. It allows these merchants to handle the credit they give to their clients.
Last year, MaxAB , the food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco, raised its $55 million Series A in two tranches ; the latter accompanied its acquisition of the Morocco-based and YC-backed WaysToCap. million orders within this timeframe.
According to a McKinsey report, most African countries have experienced double-digit insurance growth in CAGR in local currency over the last five years, thus positioning the region as the second-fastest growing for insurance globally after Latin America. As many as 2.8% Despite the abysmal number, there’s some good news.
More venture capital keeps trooping into Africa’s B2B e-commerce retail, a space where startups are digitizing informal trade to get thousands of merchants to operate more efficiently. Chari offers an identical offering in Morocco. B2B e-commerce platform Chari is acquiring the credit line of Axa Assurance in Morocco for $22M.
Appetito , the Egyptian platform that delivers groceries and household products to customers from 11 dark stores across three cities in the North African country, is acquiring Lamma , an identical startup with operations in the Maghreb regions of Tunisia and Morocco. . The deal is expected to close by the end of Q3 2022.
Autochek expands to North Africa after acquiring Morocco’s Kifal Auto. Autochek was previously present in Nigeria, Ghana, Kenya, Ivory Coast, Uganda and Morocco. New report examines Africa’s growth in the digital economy and VC investment landscape. The company, which in October last year raised $13.1
When CEO Noureddine Tayebi started Yassir, the plan was to build a super app that included services people — in the French-speaking Maghreb region consisting of Algeria, Morocco and Tunisia — had little or no access to on one platform. So far, its execution has been spot on.
Stephen Deng, the co-founder and partner of DFS Lab, a firm that invests in digital commerce startups, serially compared the 2016 Southeast Asia funding landscape to where Africa might be in 2021, at $3 billion. Digital payments gateway MFS Africa is one of Africa’s few corporate investors and acquirers. billion and $2.8
They include Algeria, Botswana, Egypt, Kenya, Lesotho, Malawi, Mauritius, Morocco, Mozambique, Senegal, Seychelles and South Africa. Since launching in 2019, the African payments company has partnered with Visa to launch Barter; Alipay to offer digital payments between Africa and China; and Worldpay FIS for payments in Africa.
.” Just recently, e& enterprise entered a strategic three-year alliance with DataRobot , global AI platform provider, to launch the first AI as a Service (AlaaS) offering in the UAE, Egypt, and Morocco. We expect other regional and international operators to follow the lead of e& and DataRobot in deploying AI.
In addition to Tunisia, GOMYCODE is present in Bahrain, Morocco, Egypt, Algeria, Ivory Coast, Senegal and Nigeria. It offers over 30 learning tracks ranging from web development to digital marketing and data science to artificial intelligence. It raised $850,000 seed in October 2020. GOMYCODE utilizes the latter.
Its platform connects over 6,000 retailers to local and multinational suppliers — such as Namibia Breweries Limited, ABInBev, Bokomo, Coca-Cola, Namibmills — and digitizes orders, payments and logistics. And JABU — profiting from owning its supply chain — is making efforts to digitize its physical cash collection processes via wallets.
While incumbents have pioneered various enterprise resource planning (ERP) systems to digitize these processes, companies would still get four to five different software platforms to complete multiple tasks. They are electronic yet manual processes that make their work very inefficient. San Fransisco-based investor Partech led the round.
It comes from Digiactive , a five-month-old site devoted to digital activism and was written by Dan Schultz , a student at Carnegie Mellon University in Pittsburgh. (Hat tip: Jessica Dheere, Project Director, Social Media Exchange, Beirut) for pointing to this excellent resource - A DigiActive Introduction to Facebook Activism.
The goal is to train over 150-250 NGOs in Jordan, Lebanon, Yemen, Morocco, and other countries and help them put social media skills into practice. Provide digital infrastructure to the 150 – 250 organizations through a public-private partnership with Microsoft.
Recently, there’s been rapid digitization of this market , with several startups upending incumbents such as classifieds and hoping to define the new era of used-car-sale platforms. Autochek expands to North Africa after acquiring Morocco’s Kifal Auto. Some include U.K.’s
Our potential client base is much broader than one type of institution; so long as the broker has a digital play, they can use our infrastructure to access African exchanges.”. The fintech, launched in 2020, is eyeing capital markets in Ghana, Kenya, Nigeria, South Africa, Morocco and Egypt.
Since the start of this year, Jambo has already signed up over 12,000 students across 15 countries (Morocco, Nigeria, Ethiopia, Equatorial Guinea, Uganda, Kenya, Congo, Uganda, Rwanda, DR Congo, Tanzania, Zambia, Namibia, Madagascar and South Africa) to take a curated web3 curriculum, both online and offline.
According to an analysis done by the Post and other Pegasus Project members, the current presidents of France, Iraq, and South Africa were included, along with the current prime ministers of Pakistan, Egypt, and Morocco, seven former prime ministers, and the king of Morocco.
This is particularly noteworthy, as every other region experienced a double-digit drop in funding activity during the same period,” said Max Cuvellier , co-founder of The Big Deal on Africa’s investment activity in 2022. Ecosystems outside the top four include countries like Ghana, Uganda, Tanzania, Morocco and Tunisia.
The latter incident is also subject to a lawsuit by an Irish digital rights group that’s challenging the DPA’s enforcement finding that there was no security breach.) Mass data scraping of personal information can constitute a reportable data breach in many jurisdictions.”
The conference in Morocco was a “tri-lingual event” and was translated into French, English, and Arabic, although the content and instructional design were identical to the event in Jordan. Chema Gargouri, In Country Director, Tunisia being interviewed by the local radio station in Fez, Morocco.
E-Mediat is working with more than 220 NGOs in Jordan, Lebanon, Morocco, Tunisia, and Yemen. Rami Al-Karmi, N2V Lab. The program is managed by the Institute of International Education (IIE), and implemented with a coalition of leading new media experts and local and international partners from the public and private sectors.
This concept has been pioneered by the Internet Archive with its Open Library can lend a digital copy of a book for a period of time as long as it (or a partner library) owns a physical copy of that book which it holds back from being lent to someone else. We can use the same ebook file to deliver the content ten different ways.
We’re very excited for the impact they’ll have here at OpenAI,” OpenAI wrote in a brief post published to its official blog. The entire team has joined OpenAI to work on our core products including ChatGPT.” Europe, South Korea and New Zealand, and soon more will be able to download the app from the app store.
The partnership [with Riot Games] is our big initiative this year because we built all this cool tech around payments and digital commerce, and we leveraged it only for our games,” remarked the CEO, who founded Carry1st with Lucy Hoffman and Tinotenda Mundangepfupfu.
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