Total 13 Posts
Egypt’s MaxAB is set to expand its physical footprint across the MENA region as a result of securing $40 million in Series A VC funding. The company also plans on scaling recently launched business verticals including new supply chains and embedded finance solutions.
The world has become more digital as people have been bound home more due to the various lockdowns across the continent. This has translated into significant growth of e-commerce across Africa.
Kenya is quickly becoming a deathbed for giant retailers. In a space of approximately six years, several retailers that had a national presence have met their grave.
According to Nigeria's TradeDepot, the impact of the pandemic, rising inflation, border closures, and other issues drove significant changes in behavior for retailers, distributors, and manufacturers in 2020.