What they do:

The Daily Sale Shop is a Zimbabwe-based online store that offers a variety of products. Their offerings include TVs, radios, appliances, furniture, computers, and various home and kitchen appliances. They provide free FedEx delivery throughout Zimbabwe and have dependable customer service.

Founded by Kuda Manzanga, an entrepreneur from Bulawayo, Daily Sale is one of Zimbabwe’s largest online shops with over 10,000 products across various categories.

Why we invested:

We invested in The Daily Sale Shop recognizing its pivotal role in addressing Zimbabwe's retail landscape's evolving needs. Led by entrepreneur Kuda Manzanga, the company has emerged as a beacon in the country's digital commerce sector, offering an extensive range of products, including items often unavailable locally. Despite Jumia's decline, The Daily Sale Shop's success showcases the profitability and viability of digital commerce in Zimbabwe.

Their business model, bolstered by free FedEx delivery and exemplary customer service, demonstrates an understanding of market dynamics and consumer demands. This combination of factors positions The Daily Sale Shop as a promising investment opportunity, showcasing the potential for sustainable growth and positive economic impact within Zimbabwe's digital marketplace.

The Founder:

Kuda Manzanga, armed with a Bachelor of Commerce degree in Economics and Accounting from Rhodes University and having completed accounting articles at Moore Stephens Cape Town, boasts a robust background in finance and entrepreneurship. His fervent dedication to driving growth and fostering inclusivity in emerging markets, particularly Zimbabwe, is underscored by the nation's favorable investment climate, boasting high literacy and internet penetration rates, as well as significant remittance inflows.

Outside of the professional realm, Kuda finds joy in family life, cherishing his role as a devoted spouse and parent to two sons. His leisure pursuits include indulging in literature and exploring the world through travel, enriching his perspectives, and nurturing personal growth.

Active in:

Zimbabwe and Zambia