Côte d’Ivoire: Afrikrea gets $1mln expansion fund
Friday, 28 February 2020 13:29
Afrikrea, a Côte d’Ivoire-based startup specializing in the online sale of creations by African artists working in the art, fashion and handicrafts sector, has finalized a $1 million financing round with Saviu Ventures, an investment firm that targets companies with high growth potential in Côte d'Ivoire and Senegal. Showroomprive.com, the French specialist in online event sales, and ID4 Ventures fund also participated.
The money will be used to strengthen the working team of the company, founded in 2016 by Malians Moulaye Tabouré and Abdoul Kadry. “We are about 20 employees and we plan to hire to strengthen our team,” said co-founder Moulaye Tabouré.
Afrikrea makes between 2,000 and 3,000 shipments per month to 101 countries. The firm, which claims a community of 300,000 people, relies on its partnership with the logistics company DHL to ensure the distribution of the products.
Present on the Ivorian market, the Afrikrea platform hopes to extend its activities to new African countries in the coming years.
Chamberline Moko
Live News
-
Côte d’Ivoire, Guinea Step Up Education Cooperation to Tackle Youth Employment
10:35
-
CEMAC lending rates climb in Q4 2025 despite easing inflation
10:33
-
Solar leads renewable growth, nearing half of global capacity in 2025
10:32
-
Mauritania Opens SME Support Desk to Address Youth Unemployment
10:06
-
Togo fisheries output seen at 33,977 tons in 2026, down 6%
09:02
-
DR Congo lobbies Togo to back its candidate in OIF leadership race
08:49
-
Cocoa regains edge over robusta in Cameroon, still far below government targets
05:06
-
Cameroon’s trade deficit widens 23% in 2025 despite import substitution push
05:04
-
Cameroon’s industrial equipment imports hit CFA757.4 bln in 2025, despite 3.7% drop
05:02
-
Cocoa overtook crude oil as Cameroon’s top export in 2025, driven by global price surge
04:59
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...
Côte d’Ivoire, Guinea boost education ties for job integration Focus on teacher training, governance, and technical education reforms Cooperation...
Solar dominates renewables, reaching 47% of global capacity in 2025 Falling costs drive growth, solar now cheaper than fossil fuels Expansion led by...
Mauritania launches SME support desk to boost jobs Program helps firms access financing, training, and credit Initiative targets youth unemployment...
Madagascar declares 15-day energy emergency amid supply crisis Government to take exceptional measures to restore services Fuel prices unchanged...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...