Kenyan retail-tech startup Wasoko, which leverages innovative technology to transform the informal retail supply chain, has expanded into Zambia, the company’s first location in Southern Africa. Launched in 2016 as Sokowatch, Wasoko provides free same-day delivery of essential goods and financing to informal retail stores across Africa. The platform enables retailers to order products at any time via SMS or mobile app and receive delivery through its proprietary logistics network to their store. The startup has delivered over 2.5 million orders to over 50,000 informal retailers across Kenya, Tanzania, Rwanda, Uganda, Ivory Coast, and Senegal, and in March of last year banked a US$125 million Series B round for further expansion. It has now announced its expansion into Zambia, its first location in Southern Africa.

Source: The North Africa Journal May 15, 2023 06:18 UTC