Ivory Coast e-commerce platform, ANKA, has announced raising $5 million from the International Finance Corporation (IFC) to support the growth of thousands of small, women-led artisanal creatives and businesses, as a way of strengthening Africa’s creative industries, and its growing online retail sector.
ANKA prides itself as a one-stop online platform for African artists including those making and selling clothing, jewelry, and accessories, and helping them connect with new markets by facilitating sales, shipping, and payment processing.
According to Moulaye Tabouré, the CEO of ANKA, the platform is used by more than 22,000 sellers, primarily in Africa, and several others in North America, the Caribbean, and Europe.
“We are excited to partner with IFC, particularly at this stage of our growth story. Having recorded important growth since 2021, we are now in line for the next stage of our journey,” Tabouré said.
“This investment will support our expansion drive as we continue to connect Africa’s creative entrepreneurs to a global market.
“Empowering African artisans, particularly women, and helping them access wider markets is crucial to raise the bar of economic inclusion and spur sustainable growth.
“ANKA’s strategy of connecting artisanal fashion designers and merchants to global markets aligns with our vision of supporting Africa’s creative industry to unlock new opportunities for inclusive growth,” he said.
Tabouré said beyond the financing, IFC would also help ANKA deliver financial literacy and other trainings for women retailers on the platform to strengthen their businesses.