Tag: Paga

DHL grow its logistics business, by acquiring stake in Mall for Africa’s Link Commerce

DHL grow its logistics business, by acquiring stake in Mall for Africa’s Link Commerce

Business, Startups
The logistics firm DHL has acquired an undisclosed minority stake in Mall for Africa’s Link Commerce, in a bid to grow its logistics business in Sub-Saharan Africa and other global emerging e-commerce markets. The acquisition in Link Commerce, the UK-based e-commerce firm helped it launch its DHL Africa eShop platform. DHL went live with the digital retail app in April, bringing more than 200 U.S. and U.K. sellers — from Neiman Marcus to Carters — online to African consumers. The move to offer Africa eShop to 20 of the continent’s 54 countries comes a month after Africa’s most visible (and well-funded) e-tailer, Jumia, went public. Jumia — which operates consumer retail and online service verticals in 14 African countries — raised more than $200 million in an NYSE IPO. Africa eSho