Guinness Nigeria Plc and other consumer-goods giants are turning to startups to crack Africa’s vast informal retail market.
Flour Mills of Nigeria Plc has acquired a stake in OmniRetail, which provides inventory management and payments service through a mobile platform. The startup connects 130 manufacturers including Guinness, CHI and Dufil Prima Foods Plc, along with 14 banks and logistics providers, to 150 000 mom-and-pop stores in Nigeria — Africa’s most populous nation — as well as informal vendors in Ghana and Ivory Coast.
New businesses like OmniRetail and TradeDepot offer the potential to open up an…
BRICS Member: South Africa is a member of the BRICS group, which includes
Brazil, Russia, India, China, and South Africa, promoting economic cooperation among emerging economies.
Lyrz
Botswana: You have two cows. But that\’s not surprising because you have pretty much every type of non-extinct mammal in your country.
High Kingdom Warrior
A new teacher enters a classroom full of students.
The teacher stands at the front of the room and greets the students, \”Good morning, class.\”
None of the students say anything. One boy at the back of the classroom stands up, \”Good morning, teacher.\”
Puzzled, the teacher carries on. The following morning, the same thing happens. Day after day goes by, and it\’s the same routine.
One morning after greeting the class and the same student standing and greeting, the teacher has had enough, \”Why is it, that every time I walk in and greet the entire room, only you stand up and greet me?\”
In the most broken English, the boy replies, \”Because I are the only one here, what\’s name are Klass\”