The Bulb World, a partly Citizen Entrepreneurial Development Agency (CEDA) funded project has agreed terms with Africa’s biggest retailer, Shoprite, to sell its Light Emitting Diode (LED) throughout its stores across the continent.
The Bulb World starts operations in South Africa
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Homegrown LED light manufacturing company, The Bulb World, has kick started operations in South Africa, setting in motion the company’s ambitious continental expansion plans.
The Bulb World, which was partly funded by Citizen Entrepreneurial Development Agency (CEDA) at the tune of P4 million, to manufacture LED lighting bulbs for both commercial and residential use in 2017, announced last year that it will enter the South African market in the Special Economic Zone (SEZ) of North West province under the auspices of North West Development Corporation (NWDC).
The company has already secured a deal with South Africa authorities which entails production factory shells and tax incentives arrangements.