The Empower Africa Business Platform is Now Live !!!
This strategic expansion promises to empower local entrepreneurs, small and medium-sized businesses, and brand owners while delivering an unmatched shopping experience to consumers.
More than 60% of Amazon’s sales emanate from independent sellers, the majority of which are small and medium-sized enterprises, rendering a vast selection of products, competitive pricing, and exceptional convenience for consumers.
This significant step is poised to bolster the South African business landscape while facilitating an enriched shopping experience.
One of the standout features accompanying this announcement is Amazon’s introduction of generative AI capabilities to aid sellers in crafting compelling and effective product listings.
This groundbreaking technology aims to assist shoppers in seamlessly discovering the products they seek while augmenting the efficiency of the selling process.
“We look forward to launching Amazon.co.za in South Africa, providing local sellers, brand owners, and entrepreneurs—small and large—the opportunity to grow their business with Amazon, and deliver great value and a convenient shopping experience for customers across South Africa,” stated Robert Koen, general manager of the Sub-Saharan Africa region for Amazon.
The impending launch of Amazon.co.za in 2024 holds the promise of enabling independent sellers across South Africa to swiftly launch, grow, and scale their businesses while harnessing the innovative capabilities provided by Amazon.
The announcement sets the stage for a transformative phase in South Africa’s e-commerce landscape, opening doors to limitless opportunities for local businesses and customers alike.
Catalyst Fund, an impact investor supporting early-stage climate tech startups in Africa, has announced a $1.8 million investment in nine promising ventures across the continent.
Fifteen Egyptian tech startups have been selected for the first batch of the 500 Global in Egypt Scale Up Programme, a seven-week program designed to help founders scale their businesses.
A consortium of leading institutions, including the SA SME Fund, the Department of Science and Innovation (DSI), the Technology Innovation Agency (TIA), and E Squared Investments, has launched a R300 million (approximately $17 million) seed fund aimed at supporting tech startups in South Africa.