Kenyan startup Kyosk has developed a digital-first, data-led distribution platform that revolutionises the way small retail outlets, farmers, and their communities in Africa connect with high-quality and affordable goods and services through digitised value-chains. Kyosk focuses on serving small retail outlets and traditional retailers, which account for over 60 per cent of retail trade in Africa. As a result, small retailers often experience frequent stockouts and lost revenue while facing limited access to credit,” said Afaedor. The stockouts that occur at small retail outlets account for six to eight per cent of FMCG sales and result in high costs for manufacturers.”Kyosk is on hand to address these issues. “At our business, we are committed to providing small retail outlets and traditional retailers with the tools they need to thrive.

Source: The North Africa Journal July 24, 2023 06:31 UTC