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Gatjed launches as a gateway to Egypt
gatjed.com was launched this month as the first ever e-commerce platform exclusively offering Egyptian manufactured products serving the business-to-business sector. Next month, another platform carrying the same name will be launched to serve the business-to-consumer sector along with the mobile app.
“Our project is trying to enhance Egyptian industry by serving manufacturers operating in different sectors including textiles, fashion, heavy machinery and equipment,” Founder and CEO of Gatsub, the owner of gatjed.com, Ahmed Rasekh told Egypt Today.
gatjed also offers a service called “iConnect” through which manufacturers seeking certain industrial components can send an inquiry online to find potential suppliers, Rasekh explained. “They can get a sample and make an order. Even if that service reduces imports by one percent, it is still a huge amount of money,” Rasekh explained.
Gatjed’s goal is to boost the sales and distribution of Egyptian products locally and globally, reducing the import rate of industrial components as well as digitizing the trade and distribution processes by bringing the demand and supply into one online marketplace.
The platform focuses on solving two major problems that hinder Egyptian products from selling more locally and globally: limited global access to Egyptian manufactured products and poor awareness of the quality and diversity of local products as well as the capabilities of the Egyptian manufacturers.
“Egypt has a large and diversified industrial sector that is totally capable of replacing imported products. That sector can directly contribute to the reduction of both the trade deficit and outflow of foreign currency,” Rasekh added.
As for how the deals can be closed, Rasekh explained, “It depends on every single deal. There are standard payment methods globally such as the issuance of letters of credit that ensure the buyer’s products are shipped and that the manufacturer receives the payment. We will ensure that the relationship between the buyer and the seller is on the right track.”
“Advanced payments can only be done locally, but no exporters of Egyptian materials or equipment will be paying in advance for products they did not see, test or check at the manufacturer’s facility. In very rare cases, it can happen by bringing in buyers involved in big deals to visit the manufacturer’s facility, inspect it, take samples of the products and maybe make a down payment,” Rasekh added.
The platform has identified numerous products that have high export potential. “We have conducted a very robust market research that covered Egypt, some countries in the Middle East, and others in Africa as we will start by targeting those markets. It was all positive because those countries trust our textile products, and our fast fashion products such as bags and women’s accessories. Egypt came on top as an exporter of those products, so that is a good sign to sell those products,” Rasekh said, adding he is “confident that there are plenty of manufacturers who produce other types of products and who were not able to receive proper attention to sell their products more.”
Clarifying what has been achieved since the foundation of Gatsub in September 2018, Rasekh said that contracts were signed successfully with around 100 manufacturers and designers. “We still have a long way to go, as there are 42,000 licensed manufacturers in Egypt in addition to other small businesses that are still striving. It is our responsibility to help small businesses grow and increase the chances of the larger ones,” Rasekh added.
“We have a competitive edge. We will be the gateway for any Egyptian manufactured product. If a consumer or a manufacturer seeks an Egyptian product we will be the number one choice for them,” Rasekh said.
– EGYPT TODAY
Press Release
TelCables’ Partner Program is shaping the future of digital connectivity in West Africa
TelCables West Africa, part of the Angola Cables global network, shared details of its innovative Partner Program at a recent event held at the Lagos Continental Hotel, Victoria Island, Lagos, Nigeria. This initiative is designed to empower companies in West Africa to shape the future of digital connectivity, tap into the rapidly growing enterprise market, and expand their businesses internationally.
The TelCables Partner Program enables telecommunication companies, operators, ICT integrators, as well as internet service providers to extend their influence in shaping West Africa digital ecosystem.
Multinational telecommunications company Angola Cables operates in the wholesale market, providing connectivity, IT solutions and services, as well as international data circuit capacity and IP transit via owned, high-capacity submarine cables, including SACS, Monet, and WACS.
“Leveraging the Angola Cables Partner Program provides a unique opportunity for us to help connect our partners’ businesses from West Africa to the world,” said TelCables Nigeria CEO, Fernando Fernandes.
“As the most connected network operator in Africa, our secure, low-latency direct routings Data Center to Data Center from West Africa to the USA and South America, and from West Africa to London provide an immense advantage to our partners. Moreover, our presence across a number of Nigerian IP hubs such as Lekki, WACS CLS, Medallion DC, Rack Centre and others, and connections across Africa via the Djoliba network, means our partners have access to some of the most advanced digital infrastructure on the continent and our featured products to address secure connectivity and Clouds2Africa the most interconnected Cloud IAAS in Africa benefiting to our Global Network in more than 400 Cloud and Anti-DDoS secured nodes,” he added.
The Partner Program provides a comprehensive suite of management resourceful tools to support partners in their sales efforts. This includes portal, sales and marketing tools that enable partners to define product, commercial, and marketing strategies, as well as receive technical formation and go-to-market initiatives to streamline and accelerate their market offerings. The personalized program also adapts to the needs of each partner’s experience and market demand, ensuring mutual success. Additionally, tailored training and support are provided to each partner to help them achieve their goals.
Based in Nigeria, and with a global footprint in 20 countries on five continents, TelCables offers a wide range of internet exchange points, points-of-presence, peering, and related services. Current participants in the Partner Program include Microsoft, NEC, Juniper Networks, Ciena and Check Point Software Technologies Ltd., all benefiting from Angola Cables’ extensive, low-latency direct access connectivity, connecting to the largest Internet Exchange Points (IXPs), Tier 1 operators, and global content providers in Africa and around the world
As part of the Angola Cables family, TelCables West Africa’s Partner Program is a testament to the company’s dedication to empowering businesses in West Africa to reach new heights in the digital age. Companies interested in joining the Partner Program and becoming part of a network that is shaping the future of digital connectivity in West Africa, can do so here
Veuve Clicquot Bold Woman Award (Image: Supplied).
Since its inception in 1972, the Veuve Clicquot Bold Woman Award has established the platform as the ultimate accolade highlighting female founders and CEO’s globally. Esteemed for honouring female pioneers who embody the spirit of Madame Clicquot, this award has two categories, the Bold Woman Award and the Bold Future Award, which highlight and give visibility to innovative women around the world. This is the first and longest-running international award of its kind and South African female business leaders and entrepreneurs looking to elevate their businesses and join a community of like-minded trailblazers are invited to enter from 18 March 2024.
Over 52 years, the award has celebrated women who exemplify the same tenacious, enterprising spirit of the Grande Dame of Champagne, Madame Clicquot. Widowed at the age of 27 in 1805, she defied norms and transformed an entire industry – an extraordinary feat during an era when women faced significant limitations, unable even to establish personal bank accounts, let alone independently own or manage businesses. The Bold Woman Award is a powerful tribute to women who share her fearlessness and determination. Open to women in 27 countries, the award has honoured over 450 businesswomen to date. Not only does it applaud their leadership, but also provides laureates with prominence, a powerful platform and access to an inspiring global community.
The award’s impact is invaluable, and these Bold women in turn inspire and motivate future generations of female leaders. The South African edition of the 2023 Bold by Veuve Clicquot Barometer reveals that 72% of aspiring women entrepreneurs are inspired by, and can name, a local female role model. This finding underscores the vital role of the Bold by Veuve Clicquot programme, which sets out to fortify a sustainable future for businesswomen globally through impactful initiatives that inspire mentorship and collaboration. The data for the 2023 Bold by Veuve Clicquot Barometer was collated from over 49,000 women and men surveyed in 25 countries, contributing to a powerful overview of female entrepreneurship globally.
One initiative that sets out to amplify the Bold Programme and fosters global female networking is Veuve Clicquot’s Bold Open Database, a collaborative database catalysing social and economic development. South African women seeking to connect with fellow female entrepreneurs across the globe are invited to register Here.
The women who step into the Bold Woman Award spotlight pay tribute to the legacy of Madame Clicquot and play a vital role in inspiring future generations of female entrepreneurs. South African women who are ready to be recognized for their business achievements are called to enter the 2024 Veuve Clicquot Bold Woman Award.
HOW TO ENTER
To enter the Bold Woman Award, candidates must be founders or CEOs of a company for more than three years, have demonstrated transformation and evolution in their field, and supported growth for at least two years while maintaining an ethical approach to business.
To qualify for the Bold Future Award, candidates must be the founders or CEOs of a company that has been in existence for less than three years. In that time, the candidate must have made a significant contribution to the success of their company by instilling a sense of entrepreneurship and have made a tangible contribution to transformation in an existing market, while bringing ethical change to the company.
Three finalists in each category will be selected by an esteemed jury and will be invited to attend the Bold Woman Award ceremony on 17 July where one laureate in each of the categories will be lauded by a grand jury. The Bold Woman Award winner will travel to Reims, France, for an immersion in the history, tradition, and luxury of Maison Veuve Clicquot.
Entries open on 18 March and close on 30 April 2024. Business leaders and role models who are ready to be recognised for their remarkable success are invited to enter the Veuve Clicquot Bold Woman Award by completing a simple form Here.
Applicants must be an official resident of South Africa and the business must be based in or operating in South Africa. The finalists will be selected by an independent panel of judges.
Shelter Afrique Development Bank (ShafDB) Chief Executive Officer, Thierno Habib Hann, has presented his credentials to Prime Cabinet Secretary of Kenya and Foreign & Diaspora Affairs Minister of Kenya, H.E Dr. Musalia Mudavadi.
In a formal ceremony held at the Prime Cabinet Secretary of Kenya’s office in Nairobi, Mr. Hann conveyed Shelter Afrique Development Bank ‘s commitment to enhancing its collaboration with the Government of Kenya in addressing the pressing challenges of affordable housing and urban development in the country and across Africa.
Mr. Hann highlighted the organization’s commitment to sustaining its impactful efforts in Kenya, particularly in advancing affordable housing programs. Mr. Hann reiterated Shelter Afrique Development Bank ‘s dedication to supporting Kenya’s housing agenda with a particular focus on housing programs that seek to address key thematic areas of climate financing, gender, migrants, refugees, and the diaspora.
“We enjoy a great relationship with the Government of Kenya, being Kenya Shelter Afrique Development Bank ‘s largest shareholder and we are looking forward to scaling up projects that are in line with the visionary economic development agenda – Kenya Vision 2030. We extend our gratitude to the Government of Kenya for their enduring confidence in our institution and for hosting ShafDB’s Headquarters for the last 42 years,” stated Mr. Hann.
He further conveyed Shelter Afrique Development Bank ‘s readiness to collaborate closely with Kenyan authorities in implementing innovative solutions aimed at expediting the provision of quality, affordable housing, and associated infrastructure and urban development across the nation.
Welcoming Mr. Hann and accepting his appointment, Prime Cabinet Secretary Honorable Musalia Mudavadi, commended Shelter Afrique Development Bank for its ongoing transformation and continued commitment to Kenya and further Africa’s development priorities, highlighting the organization’s valuable contributions to the region’s housing sector over the years.
