Kenyan Company Controlling Ksh85 Trillion Global Industry

[MK254]

Before 2013, small scale retailers had to manoeuvre various challenges in the line of work including exorbitant inventory orders and multi-layered middlemen.

The industry, which is now valued at over Ksh85 trillion ($850 billion), was for decades considered a neglected sector left to be fleeced by brokers.

In 2013, a US national, Daniel Yu, however, founded a revolutionary company, Sokowatch, which is based in Nairobi, that has grown to become a dominant force in the industry by connecting suppliers to small scale retailers.

Ranked among the most innovative companies worldwide by Fast Company Magazine, the company now operates in nine countries across Africa.

A tuktuk transporting a Sokowatch consignment to retailers. TWITTER​

The company developed a mobile application that helps retailers to account for their inventory and allows them to make new orders without engaging the middlemen.

"Using Sokowatch’s mobile app–or even just SMS messaging–shop owners can request inventory replenishment from central distribution hubs instead of needing to contact myriad suppliers.

"Best of all, orders can be placed at any time of the day and be delivered via tuk-tuks in two hours or less," described Fast Company in its ranking.

Sokowatch, which was founded in 2013, developed an e-voucher scheme in 2020 aimed at helping its shop owners survive the Covid-19 pandemic.

In December 2020, the company placed electric tuk tuks in Uganda with the sole purpose of delivering inventory to shops while helping conserve the environment.

The company also has data systems to track real-time sales and orders across thousands of stores.

The company, which was also ranked among seven African start-ups shaking global tech ecosystem by The African Report, raised Ksh1.4 billion Series A funding to help it scale its operations.

Celebrating the Fast Company nod, Sokowatch founder Daniel Yu noted that the fete validated its course of connecting retailers to suppliers. The company aims at developing a business to consumer (B2C) model in future.

“This recognition is very exciting and we are delighted to be listed as one of the world’s most innovative companies across Europe, Middle East and Africa. It further validates Sokowatch’s efforts to support thriving retailers across the continent and demonstrates the real impact of innovative solutions.

"At Sokowatch we are always looking at ways to reimagine the status quo to ultimately increase the purchasing power of African communities," stated Yu.

Electric Sonkowatch tuk tuks in Uganda. TWITTER
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Kenyan Company Controlling Ksh85 Trillion Global Industry

The company was ranked among Most Innovative institutions worldwide by Fast Company Magazine.

www.kenyans.co.ke

 

[Chief-Mkwawa]

Mkuu Nchi zote Za east Africa yaani Kenya, Uganda, Tanzania, Burundi, Rwanda etc GDP ni around 200B, hapo Ume include masoko yote.

Unapata wapi figure ya 800B usd kwenye vibajaji?

Hio figure ni kubwa sana even soko Zima la 5G lipo forecasted around 250B usd by 2027, ina maana hivyo vibajaji vina soko kushinda hata 5G ya Dunia nzima? Ama Sijaelewa kitu hapa?

 

[antimatter]

Hiyo Sokowatch haiko Tz bado, eh?

I've seen a couple of similar firms in Dar, minus that high tech infrastructure.

 

[Geza Ulole]

Hiyo Sokowatch haiko Tz bado, eh?

I've seen a couple of similar firms in Dar, minus that high tech infrastructure

Who knows sokowatch? Waache kuota ndoto za mchana!?

 

[MK254]

Mkuu Nchi zote Za east Africa yaani Kenya, Uganda, Tanzania, Burundi, Rwanda etc GDP ni around 200B, hapo Ume include masoko yote.

Unapata wapi figure ya 800B usd kwenye vibajaji?

Hio figure ni kubwa sana even soko Zima la 5G lipo forecasted around 250B usd by 2027, ina maana hivyo vibajaji vina soko kushinda hata 5G ya Dunia nzima? Ama Sijaelewa kitu hapa?

Hehehe tuliza muhaho maana kichwa cha habari kitaandikwa Chief-Mkwawa ahaha apata mhaho. Labda kingereza kimekuchanganya, hamna sehemu imesemwa hiyo ndio value ya kampuni, ni kwamba hiyo ni value ya whole "industry"... na kwamba hii kampuni ambayo sasa ina matawi kwenye mataifa tisa Afrika, imekua "dominant force in this industry".

 

[Babaguy]

Hehehe tuliza muhaho maana kichwa cha habari kitaandikwa Chief-Mkwawa ahaha apata mhaho. Labda kingereza kimekuchanganya, hamna sehemu imesemwa hiyo ndio value ya kampuni, ni kwamba hiyo ni value ya whole "industry", na kwamba hii kampuni ambayo sasa ina matawi kwenye mataifa tisa Afrika, imekua "dominant force in this industry"

Hahaha alahuwakubrr, Talk of win-win situation qoute! Hahaha of late I have learned a new phrase from the zezetas, Au sio?

 

[Babaguy]

Hahaha alahuwakubrr, Talk of win-win situation qoute! Hahaha of late I have learned a new phrase from the zezetas, Au sio?

Hahahahahh chief mikwara to chief wawa. You can't make this up!

 

[MK254]

Duh!!!! Wakenya njooni mshuhudie kituko cha mwaka, aisei mama Samia Suluhu amebadilisha mambo, hainingii akilini huu uzi umepata like kutoka kwa FaizaFoxy au labda nina maruerue.

 

[Babaguy]

Who knows sokowatch? Waache kuota ndoto za mchana!?

CEO geza ulale,Sometime I wonder if its the youtube that has clouded your thoughts process.

 

[Babaguy]

Duh!!!! Wakenya njooni mshuhudie kituko cha mwaka, aisei mama Samia Suluhu amebadilisha mambo, hainingii akilini huu uzi umepata like kutoka kwa FaizaFoxy au labda nina maruerue.

Very true. Madam president is sending sleazy wanamgambo to Mozambique shortly.

 

[Lewis254]

Duh!!!! Wakenya njooni mshuhudie kituko cha mwaka, aisei mama Samia Suluhu amebadilisha mambo, hainingii akilini huu uzi umepata like kutoka kwa FaizaFoxy au labda nina maruerue.

mbali na kufungua nchi, mama amefanya mambo mengi na kuleta mabadiliko makubwa ikilinganishwa na yule mwingine kwa mda mchache sana

 

[muhogo_kiks]

Nyie endeleeni na vikampuni vyenu uchwaru wakati huku watu wanafanya kazi ya kweli. Nyie mnakalia sifa za kuandikwa kwenye magazeti ya wazungu.

Sasa nawapa homework. Katafuteni app inaitwa SARAFU. Halafu mrudi tena hapa.

Hivi mnafikiri ubongo mnao Nyie tu. Sisi wengine kunaupepo tu vichwani kwetu?

 

[maishapopote]

Nyie endeleeni na vikampuni vyenu uchwaru wakati huku watu wanafanya kazi ya kweli. Nyie mnakalia sifa za kuandikwa kwenye magazeti ya wazungu.

Sasa nawapa homework. Katafuteni app inaitwa SARAFU. Halafu mrudi tena hapa.

Hivi mnafikiri ubongo mnao Nyie tu. Sisi wengine kunaupepo tu vichwani kwetu?

sarafu is ten times bigger than sokowatch and its only operate in Dar, if you forecast the 10 years growth and if it will expand on 50% of the country the revenue might surpass that of nakuru matress [emoji28][emoji28][emoji28][emoji28]

 

[MK254]

mbali na kufungua nchi,,, mama amefanya mambo mengi na kuleta mabadiliko makubwa ikilinganishwa na yule mwingine kwa mda mchache sana

Nafikiri alijifunza mengi sana kutoka kwa makosa ya mtangulizi wake.

 

[Chief-Mkwawa]

Hehehe tuliza muhaho maana kichwa cha habari kitaandikwa Chief-Mkwawa ahaha apata mhaho. Labda kingereza kimekuchanganya, hamna sehemu imesemwa hiyo ndio value ya kampuni, ni kwamba hiyo ni value ya whole "industry"... na kwamba hii kampuni ambayo sasa ina matawi kwenye mataifa tisa Afrika, imekua "dominant force in this industry".

Labda niweke vizuri swali hata mimi sijamaanisha value ya kampuni Bali industry.

Value ya industry ya Simu 2020 ni 714B, nikisema simu namaanisha zote IPhone, Samsung Galaxy, Tecno, Xiaomi etc.

Kwamba Simu za Dunia nzima value ya Soko lake ni dogo kuliko soko ambalo hio kampuni ina operate? Nchi sijui 9 za Africa? Fikiria.

 

[Babaguy]

sarafu is ten times bigger than sokowatch and its only operate in Dar, if you forecast the 10 years growth and if it will expand on 50% of the country the revenue might surpass that of nakuru matress [emoji28][emoji28][emoji28][emoji28]

CEO Geza ulale is more verse on the issue of wet meat production and he his is certain his kiti-mtu processing plant in sumabawaga will be ten times bigger than any abattoir in the whole country known as ndanganyi-ass(Exempt Zanj). Kiti-mtu products forecast in ten years growth will expand 50% of ze ndanganyi-ass revenue surpassing goat,cow, pork meat including fish products.
So,You mwasha popote support geza ulale to expand. The figures are there!!!!AU SIO!!

 

[FaizaFoxy]

Duh!!!! Wakenya njooni mshuhudie kituko cha mwaka, aisei mama Samia Suluhu amebadilisha mambo, hainingii akilini huu uzi umepata like kutoka kwa FaizaFoxy au labda nina maruerue.

Huo ni mradi ulioanzishwa na Mmerekani. Sio Mkenya.

Haimaanishi kama kuna Mkenya kafanya vizuri simsifii.

Ni pale mnapokuwa waongo na hata kujisifu vitu ambavyo si vyenu ndio mnakera sana.

 

[muhogo_kiks]

CEO Geza ulale is more verse on the issue of wet meat production and he his is certain his kiti-mtu processing plant in sumabawaga will be ten times bigger than any abattoir in the whole country known as ndanganyi-ass(Exempt Zanj). Kiti-mtu products forecast in ten years growth will expand 50% of ze ndanganyi-ass revenue surpassing goat,cow, pork meat including fish products.
So,You mwasha popote support geza ulale to expand. The figures are there!!!!AU SIO!!

Sasa hapa ndo umeandika nini? [emoji23]

 

[MK254]

Huo ni mradi ulioanzishwa na Mmerekani. Sio Mkenya.

Haimaanishi kama kuna Mkenya kafanya vizuri simsifii.

Ni pale mnapokuwa waongo na hata kujisifu vitu ambavyo si vyenu ndio mnakera sana.

Bibi katika ubora wako, sikutegemea like yako kwa Kenyan based company maana tulizoea kuona ukishabikia Alshabaab kila wakichinja watu Kenya, ulikua hatari sana kwa kweli na kama umebadilika basi hakuna asiyeweza kubadilika.

 

[FaizaFoxy]

Bibi katika ubora wako, sikutegemea like yako kwa Kenyan based company maana tulizoea kuona ukishabikia Alshabaab kila wakichinja watu Kenya, ulikua hatari sana kwa kweli na kama umebadilika basi hakuna asiyeweza kubadilika.

Wacha porojonwewr.

Al Shabab mmewaunda wenyewe Kenya mkishirikiana na mabwana zenu ili mkaibe mafuta ya Wasomali.