B2B E-commerce Startups Rise Among Africa’s Fastest-Growing Companies
- Nigeria-based OmniRetail secured the top spot in FT's annual rankings of Africa's fastest-growing companies with its B2B e-commerce platform.
- Mauritian-domiciled Kyosk.App took second place in the rankings, leveraging its digital-first distribution platform to empower traditional African retailers and farmers.
- Kenyan e-commerce company Wasoko maintained its prominence across multiple years, specializing in streamlining supply chains for small traders across seven African countries.
The rise of B2B e-commerce startups in Africa is a positive trend that showcases the transformative power of technology in expanding market access and enhancing efficiency. These startups have demonstrated resilience and adaptability in navigating challenging economic climates, and their growth potential has attracted significant investor interest. However, it is important to address the recent venture capital slowdown and ensure sustained support for the growth of these startups.
