MarketForce is pleased to welcome financial expert Peter Nakitare as Vice President of Finance
MarketForce, the B2B platform for retail distribution of consumer goods and digital financial services in Africa, is pleased to announce the appointment of Peter Nakitare as the Vice President of Finance, effective January 2022.
We are delighted to have him on board as he brings a level of financial expertise needed to expand MarketForce’s financial capacity as it quickly grows and enters new markets. His main focus will be acutely based on building structures and systems that scale while creating an unrestricted pathway for growth.
Peter is an investor and operator who has focused most of his 8-year career in the entrepreneurial space. His work has taken him between the East Coast of the United States as well as across East Africa. As a finance professional, he has built and led financial operations across North American and African markets with some of these organizations ranging from companies developing products targeting middle-income and institutional customers in America to impactful young businesses seeking to benefit informal mass-market traders in Africa. Peter’s career in East Africa began as a venture investor during the early days of East Africa’s VC boom, and he continues to invest in and support young businesses in his free time.
When asked what was the most endearing thing about joining MarketForce this is what he had to say:
“I am excited to help build MarketForce across the African continent and beyond, creating a more robust supply chain for our merchants and more effective distribution systems for our partners. The continent has incredible headroom for growth, and digitization is an excellent enabler for elevating large swaths of the economy into a bright future. We are working hard to help bring digitally enabled opportunities to our partners and customers to help spur economic growth and improve their livelihoods.” – Peter Nakitare, New Vice President of Finance
MarketForce is a B2B retail marketplace that empowers informal merchants in Africa to source, order and pay for inventory digitally and conveniently, access financing, collect digital payments and make extra money by reselling digital financial services such as airtime, electricity tokens and bill payments. Launched in 2018, MarketForce runs an asset-light distribution model and continues to lead the segment with innovation and easy access channels to over 100,000 merchant customers in Kenya.