Award-winning global e-commerce giant Mall for Africa confirms record growth in Q1, up 3x from 2017. While the company doesn’t disclose specific financial information, it did reveal that it is on track to do 8x in 2018.
For those unfamiliar with Mall for Africa, the patented platform enables Africans to purchase products from US and UK retailers—products that would otherwise be unavailable to them. Most recently the company announced its expansion into 12 additional African countries including Angola, Chad, Guinea, Botswana, Tanzania, Uganda, Malawi, Egypt, Democratic Republic of Congo, Senegal, Sierra Leone, and South Africa.
Since inception, Mall for Africa has helped countless families and companies get the products they need to not only survive but thrive. Popular items include children’s clothing, jewelry, home electronics and beauty supplies. The company currently has more than 250 of the best US/UK retailers in the world 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.
Founded and led by serial tech entrepreneur, Chris Folayan, the company continues to achieve note-worthy partnerships with prominent companies such as eBay, PayPal, DHL, TransferTo, and WCA. Mr. Folayan is also CEO to its parent and sister companies, Mall for the World, the worldwide version of Mall for Africa and Link Commerce, the white label version enabling companies to become an e-commerce platform.
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. Moreover, 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.