MallForAfrica News

Nigeria's Cars45 closes $5M round to digitize Africa's used autos markets

Nigeria's Cars45 closes $5M round to digitize Africa's used autos markets

Africa’s startup boom is moving into the used-vehicle space. Nigeria based Cars45.com raised a $5 million Series A round from the Frontier Cars Group, a holding company whose backers include Balderton Capital, EchoVC, TPG Growth, and NEA.

Fashion-conscious Lagosians switch to online shopping

Fashion-conscious Lagosians switch to online shopping

Three years ago, MallforAfrica joined the raft of Nigerian tech start-ups attracting private equity and venture capital backing.

News Featured News Startups Technology

Online shopping startup MallForAfrica partners with e-commerce giant eBay

American eBay sellers will soon gain access to Africa’s biggest consumer markets.

Chris Folayan, Founder and CEO, MallForAfrica

Mall For Africa: How a Nigerian built an African e-commerce empire from his bedroom

As an Africa business coach and consultant I have the pleasure of wandering through African business news and related success stories as part of my job.

Mitchell Elegbe, Founder & CEO, Interswitch

Nigerian fintech company Interswitch could become Africa's first startup to IPO at $1B+ valuation

Africa’s first billion-dollar tech IPO on a major exchange may be imminent.

MallForAfrica

Rising e-commerce platform MallForAfrica could make billions for itself and global brands

A section of Africa’s population has been steadily climbing the affluence stakes, with numbers of multimillionaires predicted to rise by 59% in the next 10 years.

A view of the Yaba district in Lagos, home to Nigeria's dominant start-up scene (Reuters/Akintunde Akinleye)

Why Nigeria's newest startups are sprouting up outside the megacity of Lagos

Even though Nigeria is Africa’s largest economy, Lagos, its commercial capital, still has a disproportionately strong hold over all business sectors.

Ashish Thakkar, Founder, Mara Group

Ugandan millionaire Ashish Thakkar's Mara Group raising $100M to launch pan-African e-commerce platform

Dubai-based Mara Group is launching an Africa-wide online marketplace that it hopes will become the leading e-commerce business in Africa within less than four years.

MallForAfrica

With a billion Africans set to shop online, a new wave of start-ups is looking to cash in (Infographics)

Africa’s middle class is rising and they have money to spend. About a third of the continent spends between $4 to $20 a day—a group that is expected to grow to 42% by 2060, according to data from the Africa Development Bank. That’s more than a billion people.

Chris Folayan, Founder and CEO, MallForAfrica

The Next Africa: Technology and Business on an Emerging Continent (Video)

People around the world will interact with Africa very differently over the coming decades. They will be more likely to trade stocks in Ghana, work for companies doing business on the continent and learn the names of African tech moguls and billionaires.

Chris Folayan, a co-founder of MallforAfrica. Credit Thomas Patterson for The New York Times

Order from Amazon & Macy's in Nigeria: MallforAfrica now delivers over 120 global online retailers to Nigeria

Last year, when Tunde Adebayo needed three inflatable bouncy castles for KidzPlay, his event-planning business in Lagos, Nigeria, he turned to an online shopping service called MallforAfrica.

Half of a Yellow Sun

Nollywood: The new business of African film

With Nigeria leading the way, 2014 could prove a banner year for the African film industry.