Nomanini launches a supply chain finance solution called StockNow. The app lets Africa’s informal microbusinesses and small- to medium-sized businesses (SMBs) buy stock digitally. The StockNow app connects informal retailers to distributors of global fast-moving consumer brands relevant in the general trade market, enabling them to purchase goods using stock advances to keep their shelves stocked with essential goods, ensuring business continuity and support for last-mile consumers.
StockNow has launched in Tanzania in partnership with Nestlé ESAR and is designed to lessen some of the burdens on Africa’s retailers as they recover from the fallout of the pandemic. Following the launch in Tanzania, Nomanini plans to bring StockNow to countries across Africa, including Egypt, Uganda, Mozambique, and the Democratic Republic of Congo. Tanzania was also the launching point earlier this year for Dubuy.com, a wholesale eCommerce platform operated by DP World.