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Kenya’s Jumba bags $1M to help operators of hardware stores restock seamlessly

Jumba has raised $1 million two months after Kagure Wamunyu, an ex-Uber and ex-Kobo360 executive, and Miano Njoka, an ex-Google engineer, launched the startup.

  • Posted on 15th Jun, 2022 06:33 AM
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Kenya’s Jumba bags $1M to help operators of hardware stores restock seamlessly Image

The construction industry in Kenya is so big that it is among the few globally that expanded amidst the Covid lockdowns of 2020. And it is not showing any signs of slowdown with the country’s data agency — the Kenya National Bureau of Statistics — projecting it to grow at an average rate of 6.1% over the next three years.

And while most of this growth is attributable to planned mega projects by the government, the growth of real estate, buoyed by an ever-increasing demand for housing, is another precursor for transformation. Yet Kenya’s construction sector remains vastly rudimentary, with nearly all supplies, even by resellers, being purchased physically.

Kenya’s Jumba bags $1M to help operators of hardware stores restock seamlessly View Story