Ethiopia’s JEMLA helps informal retailers access FMCG products

Ethiopia’s JEMLA is a B2B e-commerce wholesale platform that is helping informal retailers access a wide variety of fast-moving consumer goods (FMCGs) products. The platform connects dukas, kiosks or souqs with FMCGs, providing them with a dependable and cost-effective supply chain and distribution network customised to their requirements. In addition, the platform provides access to working capital and a range of services to help retailers expand their businesses, including data insights through the use of technology.

Brazilian fintech company Ebanx S.A. has disclosed plans to operate in 11 African markets by the end of 2023. EBANX expanded into Africa in September 2022 with hopes to replicate its fast growth in Latin America by placing a greater emphasis on the digital payments side of its business.

CDPI Emerging Markets

South Africa’s Tyme, one of the fastest growing digital banking groups in the world, has raised US$77.8 million as part of its pre-Series C capital raise to further operations in South Africa and the Philippines, as well as for future expansion in Southeast Asia.

CDPI Emerging Markets

The U.S. Senate has passed a bill that could potentially ban TikTok in the U.S. if its Chinese owner, ByteDance, does not sell its holdings within a year. The bill now goes to the President Biden, who has said he will sign it. Court challenges are likely to follow.

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Ethiopia’s JEMLA helps informal retailers access FMCG products

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Brazilian fintech EBANX plans to serve 11 African markets by year’s end

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