E-commerce company, Mall for Africa mentioned on Thursday, that it marked three times recorded growth in the first quarter of 2018, from the same period last year, and was on schedule to grow eight times in 2018. The platform enables consumers in Africa to purchase products from US and UK retailers. After an initial focus on Nigeria, Ghana and Kenya the company has announced its expansion into Angola, Chad, Guinea, Botswana, Tanzania, Uganda, Malawi, Egypt, Democratic Republic of Congo, Senegal, Sierra Leone, and South Africa.
The company currently has more than 250 retailers on its platform, including eBay, NEXT, Macy’s, Nordstrom, Cotton On, Amazon, Farfetch, Bath & Body Works, Net-a-Porter, Hawes & Curtis, Walmart, and Auto Parts Warehouse. The company said on Thursday that, “According to the Boston Consulting Group, Africa will have over 1.1 billion consumers by 2020, more than the populations of Europe and North America combined. In 2020, Africa will have twice as many affluent consumers as the UK.” “With Mall for Africa catering to 15 African countries, it will continue to lead the pack in innovation, customer service, and sales—all while helping businesses and families succeed.”