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Raphael Afaedor: Transforming African Retail with Tech-Driven Solutions

Raphael Afaedor: Transforming African Retail with Tech-Driven Solutions

Raphael Afaedor is a visionary Ghanaian entrepreneur with a mission to reshape Africa’s retail and agricultural landscapes through digital innovation.

Known for co-founding Jumia Nigeria, Africa’s first unicorn and e-commerce powerhouse, Afaedor has since pivoted his focus toward empowering small retailers and farmers by co-founding Kyosk Digital Services.

Based in Kenya, Kyosk is a platform that leverages technology to connect informal retailers, small shops, and kiosk owners directly with fast-moving consumer goods (FMCG) suppliers through a data-driven mobile application.

Afaedor founded Kyosk in 2019 to address the deep-rooted challenges small retailers face across Africa—limited access to inventory, high supply chain costs, unreliable delivery networks, and exclusion from formal financial services.

Many of these stores, known as “dukas,” are lifelines in urban and rural communities but often struggle due to fragmented supply chains and high barriers to credit.

Through Kyosk, Afaedor has introduced a digital-first approach to an industry historically underserved by technology.

This platform allows small business owners to order goods directly from manufacturers at competitive prices and receive timely deliveries, effectively cutting out the numerous intermediaries that once drove up costs and created inefficiencies.

In addition to transforming retail, Afaedor has set his sights on Africa’s agricultural sector.

Through the recent acquisition of KwikBasket, Kyosk now connects farmers directly to urban markets, restaurants, and other end-users, providing them with fair pricing, consistent demand, and reduced post-harvest losses.

His focus on integrating smallholder farmers into Kyosk’s supply chain addresses critical issues of food insecurity, waste, and income instability, effectively supporting the livelihoods of thousands of farmers and offering fresh, affordable produce to urban consumers.

Afaedor’s vision is comprehensive. Beyond distribution, he aims to create a financial inclusion ecosystem by partnering with banks and financial institutions to provide retailers with access to micro-credit, buy-now-pay-later options, and insurance products.’

This strategy not only helps store owners stabilize their cash flow but also encourages business growth and economic resilience at the grassroots level.

Under Afaedor’s leadership, Kyosk has expanded to over 40 distribution centers across Kenya, Uganda, Tanzania, and Nigeria, serving hundreds of thousands of outlets and small retailers.

His commitment to ethical and transparent business practices, a principle reinforced after navigating operational challenges in Kyosk’s early days, has solidified the trust of stakeholders and investors alike, including Mitsui and the Export Trading Group, which back the platform’s ambitious growth.

Afaedor’s work at Kyosk reflects a broader ambition to revolutionize Africa’s retail and agricultural sectors.

With a hands-on approach and deep understanding of the continent’s unique challenges, he is not only modernizing how goods move from supplier to storefront but also providing crucial economic support to small businesses that form the backbone of African economies.

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South African Logistics Startup Pargo Secures $4 Million to Expand E-Commerce Logistics Network into Egypt

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South African Logistics Startup Pargo Secures $4 Million to Expand E-Commerce Logistics Network into Egypt

South African e-commerce logistics firm Pargo has secured $4 million in funding to fuel its expansion into Egypt, where it has introduced over 500 “Pargo Points” to enhance delivery options.

Founded in 2015 by Lars Veul and Derk Hoekert in Cape Town, Pargo offers smart logistics solutions for e-commerce via its extensive network of 4,500 tech-enabled pickup points across Africa, linking major retailers such as Amazon, Bash, and Jumia with a customer base exceeding 10 million online shoppers.

The recent $4 million investment round was led by 3Capital Ventures, with participation from Endeavor, SAAD Investment Holdings, and UW Ventures.

This funding will help Pargo broaden its services and expand its logistical network, especially in Egypt, where it has already rolled out its Collect and Return service through partnerships with popular outlets like Fawry, Circle-K, and Basata.

The Middle Eastern e-commerce platform Noon is among the first prominent brands to adopt Pargo’s logistics services in Egypt.

CEO Lars Veul expressed enthusiasm about the company’s new foray into Egypt, highlighting the nation’s rapidly growing e-commerce market.

“Our goal is to offer affordable delivery solutions to tap into Africa’s vast e-commerce potential, reaching the 500 million online shoppers who currently face service limitations,” Veul said.

“This expansion marks a pivotal step in developing the largest smart logistics network in the region.”

After a successful 2023 pilot with 150 initial points in Egypt, Pargo introduced a Cash on Collection option, catering to the nation’s cash-preferred consumer base.

The trial received favorable adoption rates, validating demand for the company’s unique logistics services.

Pargo aims to establish 7,000 pickup points across Africa by 2026, solidifying its presence in Egypt and fostering partnerships with key local and regional players.

Abdelmalek Shamsi, Pargo’s managing director in Egypt, stated:

“By bringing our Collect and Return solution to Egyptian consumers, we’re committed to elevating the shopping experience. With partners like Noon and a robust interest pipeline, we are poised to harness Egypt’s immense market potential.”

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