The US International Development Finance Corporation (DFC) has approved two investments in East African e-commerce businesses.

The DFC has committed $5 million in equity to help Copia Global grow its mobile commerce platform and logistics network, which delivers goods like food, personal care products, and school supplies to low- and middle-income consumers in rural and peri-urban areas of Kenya. Copia’s business model is designed to reach underserved communities including women and ...