Kenyan tech startup MarketForce enters Nigerian market

NIGERIA – MarketForce, a Kenyan B2B platform for retail distribution of consumer goods and digital financial services, has entered the Nigerian market. For merchants, the B2B webshop can serve as a platform for planning procurement, ordering periodically scheduled deliveries, overseeing the execution of contracts, and such. Co-founded in 2018 by Tesh Mbaabu and Mesongo Sibuti, MarketForce is a B2B retail marketplace that empowers informal merchants in Africa to source, order and pays for inventory digitally and conveniently, access financing, collect digital payments. One can also make extra money by reselling…

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Auto financing firm Autochek acquires online marketplace Cheki

EAST AFRICA – Autochek, a Nigerian automotive tech company, has announced that it has reached an agreement to acquire ROAM Africa’s automotive marketplaces Cheki Kenya and Uganda.  Autochek is an automotive technology company facilitating auto financing across Africa with operations in Nigeria and Ghana. The move to acquire Cheki Kenya and Uganda comes just one year after the company successfully acquired Cheki Nigeria and Ghana as part of its launch in West Africa. The deal will be finalized within the following weeks and will see Cheki Kenya and Uganda’s operations…

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Online marketplace Jiji acquires struggling Cars45 to diversify its business portfolio

KENYA – Jiji, one of Africa’s largest classifieds marketplaces that took over OLX Sub-Saharan Africa from the Naspers Group as Walie Holdings, has acquired Cars45, an online marketplace for people to buy, sell or swap used cars operations in Kenya, Ghana, and Nigeria for an undisclosed amount. Jiji, supported by Lemma.Group, an investment company, says the deal promises a new level of trade experience for auto buyers and sellers across the three countries where Cars45’s performance was wanting. Speaking to TechCrunch on the reason for the deal, Jiji’s co-founder and board member Vladimir Mnogoletniy…

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CDcare launches online marketplace for users to buy appliances in instalments

NIGERIA – CDcare, a Nigerian startup, has developed an online marketplace that lets users buy appliances and pay in monthly or weekly instalments at zero interest. CDcare combines savings and loans features in its marketplace, allowing users to automate the payment of a monthly or weekly amount towards buying an appliance. When up to half of the cost of the item has been saved, it is shipped, and the automatic payments continue until full payment is made. All of this at zero interest. The bootstrapped CDcare, which is in the…

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