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Nomanini

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    • First retailer in Tanzania, Mr Felix, taking out a stock advance to pay for a supplier payment via StockNow (1)
    • First retailer in Tanzania, Mr Felix, taking out a stock advance to pay for a supplier payment via StockNow (2)
    • First retailer in Tanzania, Mr Felix, taking out a stock advance to pay for a supplier payment via StockNow (3)
    • First retailer in Tanzania, Mr Felix, taking out a stock advance to pay for a supplier payment via StockNow (4)
    • Nestlé stockist selling Nestlé products to retailers
    • Nestlé stockist selling products to retailers
    • Nestlé team and Nomanini team
    • Onboarding specialists in field conducting KYC review
    • Retailer going through the StockNow App
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Source: Nomanini |

Nomanini launches StockNow, a digital retailer solution, to bring affordable working capital to Africa’s informal retail markets

StockNow, an easy-to-use app for retailers developed by Nomanini, makes it possible for informal micro and small retailers to purchase stock digitally

Nomanini (https://Nomanini.com), a fast-growing fintech platform in Africa, has today announced the launch of a new supply chain finance solution called StockNow that connects FMCGs and financial service providers to serve Africa’s informal retailers at scale. StockNow, an easy-to-use app for retailers developed by Nomanini, makes it possible for informal micro…

Nomanini

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    • Nestlé, Nomanini and Standard Bank Partner to Solve the Stock Needs of Africa's Underbanked Informal Retail Traders
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Source: Nomanini |

Nestlé, Nomanini and Standard Bank Partner to Solve the Stock Needs of Africa's Underbanked Informal Retail Traders

A collaborative partnership between Nestlé Eastern and Southern African Region, Nomanini and Standard Bank is providing MSMEs with access to working capital via Trader Assist

The informal economy in sub-Saharan Africa accounts for 38% of the region’s GDP[1]. What’s more, according to the International Labour Organization, retail and wholesale is the second biggest employer across the region after agriculture. However, informal retail Micro, Small, Medium-sized Enterprises (MSMEs) are largely underserved and underbanked. Plus, they face…

Nomanini

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    • Nestlé partners with Nomanini and Standard Bank to empower informal retail traders across the Eastern and Southern Africa Region (1)
    • Nestlé partners with Nomanini and Standard Bank to empower informal retail traders across the Eastern and Southern Africa Region (2)
    • Nestlé partners with Nomanini and Standard Bank to empower informal retail traders across the Eastern and Southern Africa Region (3)
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Source: Nomanini |

Nestlé partners with Nomanini and Standard Bank to empower informal retail traders across the Eastern and Southern Africa Region

Through Nomanini's platform, Nestlé is able to provide much-needed access to sufficient working capital so that retailers can stock a wide range of high-quality products

Informal retail Micro, Small and Medium-Sized Enterprises (MSMEs) across the Eastern and Southern Africa Region (ESAR) are set to receive a technological and operational boost for their businesses, thanks to Nestlé, Nomanini (www.Nomanini.com) and Standard Bank. Announcing the project today, Bruno Olierhoek, Chairman and Managing Director of Nestlé ESAR, emphasised…