Tech

SA re-commerce startup, Faro to combat textile waste in Africa

Published

1 year ago

September 17, 2023

South African re-commerce startup, Faro has commenced the process of combating textile waste in Africa by launching operations to make quality fashion accessible in the continent.

With the new platform, the startup which partners with global fashion brands to source high-quality unsold clothing for resale in Africa, said it hoped to check the inflow of problematic textiles by giving customers a sustainable alternative.

Faro co-founder David Torr, who threw light on the new initiative, said the startup was embarking on a rapid store roll-out with the first outlet scheduled to open in Mitchell’s Plain on the South African Cape Flats in October.

“The roll-out could have incredible environmental implications. Our commitment to the circular economy goes beyond waste prevention; we’re dedicated to addressing the existing problem,” said Torr.

“This dedication has given rise to Faro Impact, a textile recycling initiative. For every kilo of high-quality sustainable clothing we sell, Faro Impact will recycle an equivalent kilo of textile waste.”

The CEO said with his team comprising Michelle Sibanda, Amber Penney and William McCarren, Faro had a wealth of experience in building and promoting ventures in Africa.

“We spent three years trying to reduce waste in the second-hand clothing market, but people wouldn’t change their ways. To fix the problem, I knew we had to build a new supply chain,” he said.

“Faro has partnered with the Bestseller group, whose fashion brands include Jack & Jones, LMTD, Only, Vero Moda, Vila and Noisy May, to bring its unsold brand-new stock directly to the South African market, where it will be sold at up to 70 per cent off retail prices,” he added.

Related Topics:Africa Faro Featured Textile Waste

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Tech

20 African tech-preneurs embark on Korean innovation tour

Published

1 day ago

December 22, 2024

Isaac Dachen

The African Development Bank Group’s Innovation and Entrepreneurship Lab has selected 20 promising tech entrepreneurs from various African technology ventures and enterprise support organisations to embark on a two-week study tour of the Republic of Korea, with the aim of seeking investment and insights from the country’s innovative tech ecosystem.

The selected entrepreneurs are from 133 ventures that participated in last month’s Africa Tech Startup Forum.

The forum which will hold under the auspices of the lab’s “Leveraging the Entrepreneurial and Innovation Success of Korea to Strengthen African Enterprise Support” project, had selected entrepreneurs who pitched the best business models during the week-long virtual market access and acceleration programme preparing, training, and connecting technology ventures with opportunities.

The 20 young tech-preneurs were selected from eight African countries including Nigeria, Egypt, Ghana, Kenya, Morocco, Rwanda, South Africa, and Uganda, with the delegates spanning various sectors in the technology space.

While in Korea, the African delegates will pay visits to prestigious institutions such as Global Startup Centre, LG Science Park, the Korea Software Technology Association, and the Global Digital Innovation Network.

Speaking on behalf of the delegates, founder of Kenya-based health technology venture Zuri Health, Uche Ezadinachi said:

“I am excited to go to Korea because the country has made serious technological developments. The country is a technology-driven society, and this tour is an opportunity for me to see how we can bring such technology to Africa.

“We will share experiences with our Korean counterparts; they will learn from us as much as we learn from them,” he added.

Tech

Kenya’s ticketing startup BuuPass partners Flexpay for flexible travel payments

Published

4 days ago

December 19, 2024

Isaac Dachen

Kenyan digital ticketing startup, BuuPass, has entered into a partnership with goal-based savings platform, Flexpay, to offer customers flexible payment plans ahead of holiday travels as well as simplify travel planning and ease the financial burden of holiday travel for Kenyans.

Co-founder and CEO at Buupass, Sonia Kabra, who unveiled the package at a press conference, said the collaboration between the two platforms will allow travellers to save for their journeys in manageable, interest-free installments over four to 12 weeks.

“Travelers can select their travel dates, book tickets, and pay a small deposit upfront, with the remaining balance spread across weekly or monthly payments,” she said.

“This approach offers a stress-free way for families and large groups to secure their tickets early, helping them avoid last-minute price hikes as fares are locked in.

“By partnering with Flexpay, we’re giving travelers the flexibility to budget for their trips in advance. This initiative aligns with our mission to make travel accessible to everyone, providing a solution that meets customers where they are financially,” said Kabra.

Also speaking at the event, Richard Machomba, CEO and founder of Flexpay, said:

“Flexpay’s mission is to empower individuals by providing accessible financial solutions that make it easier for them to achieve their financial goals.

“By partnering with BuuPass, we’re making travel more accessible and stress-free for Kenyans, especially during the holiday season when expenses can be overwhelming,” Machomba added.

Founded in 2016 by Kabra and Wyclife Omondi, BuuPass is a B2B2C mobility marketplace that enables users to search, compare, and book travel tickets via web, app, or USSD, while its SaaS platform helps bus operators manage their operations, inventory, and sales.

FlexPay, on the other hand, is an online and offline payment gateway that allows merchants to offer interest-free targeted savings to their customers in Africa.