Ivory Coast-Based Afrikrea Merges with Anka, Raising $6.5 Million to Support African Artisans

September 10, 2022

3 minutes read

Today, Afrikrea, a leading online marketplace for African artisan products based in Ivory Coast, announced its merger with Anka, an e-commerce platform geared toward supporting Africa-based artisans and businesses. The merger includes a successful funding round, raising $6.5 million to strengthen resources and create a more extensive network for African artisans. This joint venture aims to expand opportunities for artisans and small business owners across the continent, allowing them to reach a broader global audience.

Afrikrea, which has a prominent presence in African e-commerce, is known for its dedication to promoting and distributing African-inspired apparel, accessories, art, and crafts. By merging with Anka, Afrikrea seeks to scale up its operations, integrating more artisans and entrepreneurs into its network while enhancing tools and services that facilitate online transactions and logistics.

Funding to Strengthen Support for African Artisans

With $6.5 million secured in this round, the newly merged Afrikrea-Anka platform is set to boost its digital infrastructure, making it easier for artisans to access e-commerce solutions. This investment is expected to enhance payment and shipping services, helping artisans overcome logistical challenges and allowing them to expand into international markets. According to Afrikrea’s co-founder and CEO, Moulaye Taboure, this merger represents a strategic move to empower artisans across Africa with the resources and tools needed for sustained growth.

“We are excited about this opportunity to merge with Anka and expand our platform’s reach and capabilities,” said Taboure. “This funding enables us to scale our support for artisans across Africa, providing them with digital tools and global access. Our aim is to create a seamless experience for African entrepreneurs to connect with buyers globally, helping to shape the future of African commerce.”

A Platform for Pan-African E-Commerce Growth

Afrikrea and Anka’s combined platform seeks to unify resources and reduce operational challenges for artisans looking to access global markets. Anka, which has primarily focused on providing logistical and payment solutions for Africa-based sellers, brings a technological edge that can help Afrikrea’s network improve product visibility and simplify e-commerce transactions.

With Anka’s technology, the Afrikrea platform will enable artisans to handle multi-currency transactions, ensuring smooth payments across borders. The merger will also expand Afrikrea’s shipping solutions, addressing one of the most significant obstacles for African artisans – the cost and complexity of delivering products to international buyers. By integrating these solutions, Afrikrea aims to make the international e-commerce landscape more accessible for small business owners and artisans from Africa.

Supporting African Artisans Through Innovation

The Afrikrea-Anka platform is positioning itself as a comprehensive solution for African artisans who want to grow their businesses digitally. The merger will expand Afrikrea’s offering of marketing and analytical tools, empowering artisans to make data-driven decisions and maximize their reach on the platform. This approach aligns with the rising demand for African-inspired products globally and supports sustainable growth for small businesses in Africa.

Conclusion

The merger between Afrikrea and Anka, bolstered by $6.5 million in funding, is set to open new avenues for African artisans, allowing them to leverage e-commerce tools and access global markets. By integrating payment, logistics, and marketing solutions, the newly merged Afrikrea-Anka platform offers a promising pathway for African artisans to scale their businesses and connect with international customers. The partnership represents a critical step toward fostering African-made products’ presence in global markets and supporting sustainable entrepreneurship on the continent.

Share:

Also Read

Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Related Links

Prime Minister

Senegal’s Prime Minister Calls for Vengeance After Election Campaign Clashes

Senegal's Prime Minister calls for retaliation after violent clashes during the legislative election campaign, raising ...
Super Eagles

Super Eagles Target Victory Over Benin Republic to Secure AFCON 2025 Spot

The Super Eagles face Benin Republic in a crucial AFCON 2025 qualifier, aiming for a ...
Trump and Biden

Trump and Biden Hold Historic Meeting at the White House, Promise Smooth Transition of Power

Trump and Biden meet at the White House to ensure a smooth transition of power, ...
Trump Appoints Elon Musk

Trump Appoints Elon Musk and Vivek Ramaswamy to Lead U.S. Government Efficiency Department

Trump appoints Elon Musk and Vivek Ramaswamy to lead the new U.S. Department of Government ...

Features

Prime Minister

Senegal’s Prime Minister Calls for Vengeance After Election Campaign Clashes

Senegal's Prime Minister calls for retaliation after violent clashes during the legislative election campaign, raising ...
Super Eagles

Super Eagles Target Victory Over Benin Republic to Secure AFCON 2025 Spot

The Super Eagles face Benin Republic in a crucial AFCON 2025 qualifier, aiming for a ...
Trump and Biden

Trump and Biden Hold Historic Meeting at the White House, Promise Smooth Transition of Power

Trump and Biden meet at the White House to ensure a smooth transition of power, ...
Trump Appoints Elon Musk

Trump Appoints Elon Musk and Vivek Ramaswamy to Lead U.S. Government Efficiency Department

Trump appoints Elon Musk and Vivek Ramaswamy to lead the new U.S. Department of Government ...
IPMAN

Nigerians Skeptical of IPMAN’s N50 Fuel Price Reduction Amid Dangote Refinery Supply Deal

Nigerians voice doubts over IPMAN's N50 per liter price cut, as current petrol prices remain ...
Naira Depreciation

Naira Depreciation and Economic Concerns Cause 3.2 Point Drop in Firms’ Confidence – CBN Report

The Central Bank of Nigeria (CBN) reports a 3.2-point drop in firms' confidence in the ...
Edo tax collection crackdown

Edo Governor Okpebholo Suspends Revenue Collection, Orders Arrest of Defaulters

Governor Monday Okpebholo of Edo State has announced a suspension of all revenue collection activities ...

COP29

UN Urges Global Leaders at COP29 to Prioritize Climate Action

At the COP29 conference, held to advance global efforts in tackling climate change, the United ...

Latest News

Today in History

November 14th is the day in 1975 that Spain abandons Western Sahara.

Exchange Rate Per Dollar

AM Armenian Dram386.9748
GH Ghana Cedi16.05
GM Gambian Dalasi71
GN Guinea Franc8,631
NG Nigerian Naira₦1,679.96
CF CFA Franc BEAC623.5492
14 Nov · CurrencyRate · USD
CurrencyRate.Today
Check: 14 Nov 2024 21:05 UTC
Latest change: 14 Nov 2024 21:00 UTC
API: CurrencyRate
Disclaimers. This plugin or website cannot guarantee the accuracy of the exchange rates displayed. You should confirm current rates before making any transactions that could be affected by changes in the exchange rates.
You can install this WP plugin on your website from the WordPress official website: Exchange Rates🚀

YOUR THOUGHTS

Let us know what you think

Contact the People’s Paper with feedback on stories and how we could make wapress.africa even better!

Stay up to date with the latest from West Africa Press

Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on WApress.

Subscribe Newsletter!

Be the first to receive our latest contents and more...

Need help?