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Change Com invests in the construction industry value chain

By 16. juni 2023No Comments

On June 12, 2023, Change Com invested in Bosso Africa, a Zambian startup that will accelerate Africa’s transition to a sustainable e-commerce for the construction industry.

African countries are facing a major housing shortage. Due to rapid urbanization, the continent’s growing youth population is flocking to cities in search of work, and many will struggle to find good housing. This also happens in Zambia. The Zambian Ministry of Infrastructure, Housing and Development reports a deficit of over 1.5 million units, with the number expected to double by 2030.

Bosso Africa has given itself a mandate to help solve Africa’s housing crisis. Bosso’s vision is to be Africa’s leading e-commerce brand for the construction industry.

Currently, most small hardware stores have to go from supplier to supplier to try and find building material with the best quality and price. This not only reduces the time it takes to shop, but also increases transport costs.

Bosso Africa stands out because they are the only ones in Africa who already have POS, inventory management and loyalty technology available. Adding a full suite of services and financial solutions to their construction technology platform will make a big difference.

The Boss Africa team is a team of proven entrepreneurs who come with extensive operational experience in construction and fintech.

Chisepo Chirwa, Managing Director | A two-time founder who – prior to his position at Bosso – was the CEO of ZPOS, one of Zambia’s leading retail packages for informal traders.

Mukopaje Singogo, CTO | A tech entrepreneur with close to 15 years of experience in the IT sector. He led the construction of ZPOS and a logistics platform used by one of the largest transport companies in Zambia.

Ibn Kafwanka, COO | An enthusiastic salesperson who has led sales at some of Zambia’s largest organizations including Lafarge, Zamtel and Verino Agro. He brings with him a wealth of contacts and knowledge from the construction and telecom sectors.

Salwa Shamapande, Chief Financial Officer | A banker by profession who started at Bank of America, he then moved to CitiBank as a licensed relationship banker advising high net worth clients on investment opportunities in companies, sectors and markets.

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