GrubTech, UAE’s leading cloud kitchens and restaurants tech solutions provider, signed an agreement with Geidea, a leading e-payments and fintech platform, to provide its services for the BOSs of GrubTech’s clients. This cooperation will avail an added value and new merits for GrubTech’s clients in the Egyptian market. GrunTech’s Egypt Country Manager Osama Harfoush, and Head of Commercials at Geidea Ahmed Magdy signed the agreement in the presence of GrubTech’s Founder and CEO Mohamed Al Fayed and the General Manager of Geidea in Egypt Ahmed Nader.
Founded in 2019, GrubTech is a platform that provides tech solutions to manage cloud kitchens and restaurants in a way that enables them automating their businesses and managing food delivery process online. The leading cloud kitchens and restaurants tech solutions provider also provides sales and marketing solutions as well as in-depth analyses of restaurants data that contributes to accelerating their work and reducing their costs as well.
For Geidea, it is currently the favorable choice for merchants in the Egyptian market who seek to count on the fastest and easiest e-payment solutions. Geidea provides a unique and integrated services that qualified it to acquire a large market share of the e-payments in Egypt.
Commenting on the signing, CEO and Founder of GrubTech Mohamed Al Fayed said that this agreement is a part of the company’s strategy that aims at expanding in establishing grand commercial partnerships with the major key players in food and beverages (F&B) market in MENA region.
“This cooperation will come into effect in Egypt, originally, and then it is planned to cover other countries that GrubTech operates in, including in MENA; Asia and Africa”, Al Fayed added.
Egypt’s Country Manager of GrubTech expressed his excitement of inking the agreement, asserting that it represents a significant step in terms of GrubTech’s plan to build a system that integrates with its objectives to create a platform that contains all solutions the restaurants and cafes in the local market need.
“Tech solutions GrubTech provides benefit its clients in easing selling and purchasing transactions, tapping digital transformation policy all institutions across the world adopted recently towards sustainable development goals achievement by 2030”, said Harfoush.
On his side, General Manager of Geidea in Egypt Ahmed Nader said that he is pleased about this cooperation with GrubTech as one of the leading tech solutions providers as well as a cloud kitchens and restaurants management system designer.
“This agreement is an imperative action for Geidea in order to expand in F&B market that is growing rabidly in Egypt. It will enable cafes and restaurants owners to work more efficiently, while providing a better experience in terms of online food delivery. It will also help the business owners increasing sales through utilizing multifarious trademarks via a single window in an easy way”, Nader stated.
Head of Commercials at Geidea, Ahmed Magdy said that the company’s vision is providing all merchants and business owners with innovative payment solutions that help growing their businesses and facilitating their management.
“Through collaborating with GrubTech, we target expanding our operations in F&B sector by introducing cutting-edge e-payment solutions. Cloud kitchens and restaurants sector is notably growing in Egypt with accelerating digital transformation, which gives us a significant opportunity to provide an all-in-one operating system that eases the process for our clients”, according to Magdy.
Wise Move Revolutionises Moving Industry with Artificial Intelligence -Powered ChatGPT Integration
Wise Move, the only online moving platform in South Africa, has seen tremendous growth since its launch at the beginning of 2022. Boasting over 70,000 monthly visitors and 5,000 new delivery requests added each month, Wise Move has become the go-to platform for anyone looking to move in South Africa. Now, Wise Move is looking to the future by integrating the Artificial Intelligence tool – ChatGPT.
Wise Move is revolutionising the South African moving industry by becoming the first online platform to harness the power of OpenAI’s ChatGPT through Artificial Intelligence (AI) integration. The company’s cutting-edge technology provides users with an unmatched customer experience, while giving movers a major competitive edge.
Wise Move Co-Founder and newly appointed CEO Chante Venter strongly believes that AI is the way of the future. “We are dedicated to continuously improving our platform, which leads to better customer service and AI integration is enabling us to do just that.”
Venter highlighted that the integration of ChatGPT has significantly improved overall customer satisfaction and user experience. Moving companies can now reduce their response time and improve communication with clients. ChatGPT has become a game-changer for the platform’s network of moving companies.
“We are very excited about the potential of AI-powered tools, and we believe that this is just the beginning. We are constantly exploring new ways to use AI to improve our service offering and we are confident that it will become an essential part of our business,” said Chante.
ChatGPT is a revolutionary AI-powered tool that can provide human-like responses. It is changing the way businesses interact with their customers by providing a more natural experience with the efficiency of a computer. The possibilities on how businesses can use this new tool are endless, and early adopters are going to lead the way.
Wise Move is the first online platform to successfully integrate ChatGPT in South Africa, they are already reaping the rewards. The goal behind the platform is to re-engineer how people move homes, cars, boats, pets and everything else in between. While the easy-to-use platform has done just that since its launch, the new AI feature will further improve the user experience even further.
Moreover, as the AI integration helps moving companies improve their customer service, it also leads to better reviews and more bookings. Wise Move’s aim is not only to help businesses grow but to thrive with better marketing, support and branding.
As a woman-led startup in a predominantly male industry, focusing on the user experience and customer service has been one of the best decisions for the company. “If you want to change things, you have to do things differently,” notes Chante. “In a male-dominated industry, we’ve focused on perfecting the finer details like communication, service and user experience.”
Furthermore, Wise Move has made it their mission to boost job creation and help foster the South African entrepreneurial spirit in the transport and logistics industry. “We want moving businesses around South Africa to thrive, grow and expand. With our platform, businesses can benefit from dedicated marketing, training and support.”
Wise Move is also proud to announce its partnership with 1% for the Planet, an initiative in which Wise Move donates 1% of its revenue to environmental causes in South Africa. “This is a very important initiative to me personally. I am passionate about environmental causes in South Africa, and joining 1% for the Planet has been a great way to make a real and tangible impact.”
The moving industry needs more innovation and forward-thinking companies to lead the way to a brighter future. Wise Move is definitely ahead of the pack.
Cellulant and Money Q Collaborate to Make it Easier for Africans Living Abroad
Cellulant Vice President of Global & Regional Merchants Richard Gesimba and Amit Shrimali – Founder and CEO, Money Q
Cellulant, Africa’s Leading Payments Solutions Provider has partnered with Dubai-based fintech solutions company to enable expatriates to seamlessly pay for bills and recharge airtime for their beneficiaries across Africa. These customers will be able to make these payments through KrosPayz, Money Q’s Africa-wide digital payments platform that enables online payment for transactions and value-added services at the point of sale.
Mobile remittances present a unique opportunity for millions of people to access the formal financial system, bringing financial services and prospects for revenue generation closer to their communities. According to estimates, Sub-Saharan African remittances increased by 16.4% in 2021 but only by 5.2% in 2022. The average cost of sending $200 over international borders remained high in the second quarter of 2022, at 6%. Mobile operators offer the best rates (3.5%), but less than 1% of transactions are made through digital channels. Remittance services are now much quicker and less expensive thanks to digital technologies.
The KrosPayz digital wallet, which is set to go live first in Malawi this April, will enable customers to pay for national and international utility bill payments, airtime recharge, execute their domestic fund transfers to individuals and companies, and also pay in the local markets for their purchases via QR code.
“Remittances are the single largest source of foreign exchange for many developing economies, and they are stable and resilient in the face of economic downturns. They have been described as developing countries’ most stable, abundant, and secure sources of foreign aid. This partnership reaffirms our commitment to enabling businesses, banks, and consumers to make fast and efficient payments across Africa. By leveraging Cellulant’s presence and partnerships on the continent, Money Q will be able to provide its services throughout Africa” stated Richard Gesimba, Cellulant’s Vice President of Global & Regional Merchants.
Money Q’s goal is to ensure that no African should be deprived of using the digital channels on the continent. Commenting on the partnership, Mr Amit Shrimali, Money Q’s Founder and CEO stated “I am very excited with this partnership as it helps me to go a step closer to the vision of Money Q which is to make sure that none in the countries, we operate are deprived of using the digital medium to transact. The partnership between MoneyQ and Cellulant will indeed complement one another in growing the market share of both the companies in the African continent.”
Shelter Afrique unveils new five-year strategic plan
Shelter Afrique new Managing Director and CEO, Mr Thierno-Habib Hann
Pan-African housing development financier, Shelter Afrique has unveiled a five-year strategic plan to restore the Institution’s performance, competitiveness, and value creation for the long term.
Shelter Afrique unveiled the plan during a Ministerial and Board retreat in Nairobi, which was also attended by the Shareholders’ Bureau represented by Zimbabwe, Nigeria and Rwanda who currently serve as President, First Vice-president, and Second Vice-President of the Bureau, respectively. Development partners such as the African Development Bank, and investment partners such as Actis, Mi Vida and Shapoorji Pallonji (India) were also in attendance. Side discussions were held with Bilateral partners such as CDC, now known as BII (British International Investment), one of the initial shareholders of the Institution.
The new 2023-2027 strategic plan, dubbed the ‘New Dawn’, is expected to position the Institution for growth through improved governance, operational and financial performance.
The plan focuses on building relationships with various stakeholders to deliver strong and impactful business performance based on a new corporate structure fit for purpose.
Refocusing the business
Speaking at a retreat organised by the Institution in Nairobi to appraise the Board of Directors, shareholder representatives, and business partners, Shelter Afrique Chairman Dr Chii Akporji said the unveiling of the new strategic plan was an important milestone for the Institution.
“The new strategic plan that we have dubbed the ‘New Dawn‘ has laid the foundations to refocus our business on growth and impact, while creating sustainable returns for our shareholders and all our stakeholders. It has the board’s unanimous support and provides the Institution with a clear compass,” Dr Akporji said.
Dr Akporji welcomed the new Managing Director and CEO, Mr Thierno-Habib Hann and thanked the board for showing a great sense of responsibility and collective support to the new leadership paving the way to “creating conditions necessary to enter this new phase confidently”.
Echoing the Chairman, Shelter Afrique’s new Managing Director and CEO, Mr Thierno-Habib Hann said it was imperative for the Institution to refocus, deliver and scale up, following the successful conclusion of its restructuring program.
“The past 20 years provided us with some vital lessons which have been critical in developing the new strategic plan – a plan centred on sustainable and competitive growth while delivering consistently and enhancing shareholder value.” Mr Hann said.
Mr Hann added that the new strategic plan offers the Institution an impetus to focus more on clients, business performance, and staff; provides a framework for upscaling engagements with various stakeholders; offers a motivation to bolster the institution’s corporate governance credentials; and creates the momentum to introduce new product lines.
“While driving Mobilization and Syndication, we will be focusing on four business lines, namely (1) Funded and unfunded lines of credit to financial institutions to finance housing solutions, (2) Project Finance for large-scale housing initiatives; (3) Affordable Housing PPPs structuring and (4) Thematic Housing Fund Management and Advisory Services. The new strategic plan envisages a streamlined approach, which allows us to reach the end users by establishing new product structures such as Employer Staff Housing Funds, Green/Resilient homes and Rent-To-Own financing”, Mr Hann explained.
New organisational structure
The unveiling of the new strategy has necessitated the re-alignment of the organisation and the introduction of a new organisational structure and operating model designed to support the Institution’s innovation, growth, and productivity ambitions for the next five years.
Effectively, the Institution has created new units which will focus the business on financial institutions, project finance, fund management, and public-private partnerships. Additionally, the Strategy, Policy, research and partnerships functions will also be driven from the CEO’s office.
“We believe the new organisational model is central to the successful implementation of our new strategic plan as it will make us more agile and competitive, enhance client focus, unlock significant potential across the business, and drive value-creation through operational efficiencies,” Mr Hann concluded.