London Daily

Focus on the big picture.
Saturday, Feb 22, 2025

The incredible Londoners who created Amazon for Black businesses

Two entrepreneurs from London have teamed up to launch an online marketplace which will be like 'Amazon for Black businesses'.

Albert Larter and Nathaniel Wade, both 29 and from Southbank and Catford respectively, launched Wakuda last month with the aim of helping small and medium sized Black businesses gain more visibility in the business world. The pair have re-launched the platform this month to spotlight Black businesses to across Black History Month celebrations.

Albert and Nathaniel said following the global Black Lives Matter protests which began this year, they saw a spike in people wanting to support Black business. This lit the fire under the idea for Wakuda which was birthed a few months later.

Nathaniel told MyLondon, "I've seen how underrepresented they [Black businesses] are and the difficulties they face and if this disparity was switched around I would be for the other. I think if there's inequality or inequity it needs to be levelled.

"In terms of role models, I feel like there's not enough of that and not enough visibility. The more we see Black businesses are supported, it will begin to become the norm."

In their first month in operation Nathaniel said that although platform currently only hosts UK businesses, they've already seen customers from various countries including the USA.

The impetus behind Wakuda, which means Black in Chichewan, follows in the steps of Black Pound Day, an initiative created this year by So Solid Crew member, Swiss. It aims to level disparities of wealth in the Black community by supporting Black businesses.

Nathaniel said: "We are aware through our own personal experiences how difficult it is for black business owners to get funding to start or support their businesses in the UK.

"Black businesses are four times more likely to be turned down for business loans.

He added: "It's for different reasons not only discrimination but that difficulty is there. If you're a start up and you're purely reliant on loans and overdrafts and you're not able to get them, you can't stay afloat."

Nathaniel, who said he's always been 'conscious' of buying from Black businesses described the challenges of doing this because of visibility, and as a result every day essentials on the high street are seldom Black owned products.


Albert and Nathaniel hope Wakuda will allow Black owned businesses to launch their businesses and quickly tap into a ready market of shoppers who want to support them. Black consumers in the UK are worth approximately £300 billion according to most recent estimations.

Wakuda hosts products ranging from skincare and gifts to food and drink from a range of diverse Black businesses across the country.

Newsletter

Related Articles

0:00
0:00
Close
Good News: Senate Confirms Kash Patel as FBI Director
Officials from the U.S. and Hungary Engage in Talks on Economic Collaboration and Sanctions Strategy
James Bond Franchise Transitions to Amazon MGM Studios
Technology Giants Ramp Up Lobbying Initiatives Against Strict EU Regulations
Alibaba Exceeds Quarterly Projections Fueled by Growth in Cloud and AI
Tequila Sector Faces Surplus Crisis as Agave Prices Dive Sharply
Residents of Flintshire Mobile Home Park Grapple with Maintenance Issues and Uncertain Future
Ronan Keating Criticizes Irish Justice System Following Fatal Crash Involving His Brother
Gordon Ramsay's Lucky Cat Restaurant Faces Unprecedented Theft
Israeli Family Mourns Loss of Peace Advocate Oded Lifschitz as Body Returned from Gaza
Former UK Defense Chief Calls for Enhanced European Support for Ukraine
Pope Francis Admitted to Hospital in Rome Amid Rising Succession Speculation
Senate Republican Leader Mitch McConnell, at the age of 83, Declares His Retirement.
Whistleblower Reveals Whitehall’s Focus on Kabul Animal Airlift Amid Crisis
Politicians Who Deliberately Lie Could Face Removal from Office in Wales
Scottish Labour Faces Challenges Ahead of 2026 Holyrood Elections
Leftwing Activists Less Likely to Work with Political Rivals, Study Finds
Boris Johnson to Host 'An Evening with Boris Johnson' at Edinburgh's Usher Hall
Planned Change in British Citizenship Rules Faces First Legal Challenge
Northumberland Postal Worker Sentenced for Sexual Assaults During Deliveries
British Journalist Missing in Brazil for 11 Days
Tesco Fixes Website Glitch That Disrupted Online Grocery Orders
Amnesty International Critiques UK's Predictive Policing Practices
Burglar Jailed After Falling into Home-Made Trap in Blyth
Sellafield Nuclear Site Exits Special Measures for Physical Security Amid Ongoing Cybersecurity Concerns
Avian Influenza Impact on Seals in Norfolk: Four Deaths Confirmed
First Arrest Under Scotland's Abortion Clinic Buffer Zone Law Amidst International Controversy
Meghan Markle Rebrands Lifestyle Venture as 'As Ever' Ahead of Netflix Series Launch
Inter-Island Ferry Services Between Guernsey and Jersey Set to Expand
Significant Proportion of Cancer Patients in England and Wales Not Receiving Recommended Treatments
Final Consultation Launched for Vyrnwy Frankton Power Line Project
Drug Misuse Deaths in Scotland Rise by 12% in 2023
Failed £100 Million Cocaine Smuggling Operation in the Scottish Highlands
Central Cee Equals MOBO Awards Record; Bashy and Ayra Starr Among Top Honorees
EastEnders: Four Decades of Challenging Social Norms
Jonathan Bailey Channels 'Succession' in Bold Richard II Performance
Northern Ireland's First Astronaut Engages in Rigorous Spacewalk Training
Former Postman Sentenced for Series of Sexual Offences in Northumberland
Record Surge in Anti-Muslim Hate Crimes Across the UK in 2024
Omagh Bombing Inquiry Concludes Commemorative Hearings with Survivor Testimonies
UK Government Introduces 'Ronan's Law' to Combat Online Knife Sales to Minors
Metal Detectorists Unearth 15th-Century Coin Hoard in Scottish Borders
Woman Charged in 1978 Death of Five-Year-Old Girl in South London
Expanding Sinkhole in Godstone, Surrey, Forces Evacuations and Road Closures
Bangor University Announces Plans to Cut 200 Jobs Amid £15 Million Savings Target
British Journalist Charlotte Peet Reported Missing in Brazil
UK Inflation Rises to 3% in January Amid Higher Food Prices and School Fees
Starmer Defends Zelensky Amidst Trump's 'Dictator' Allegation
Zelensky Calls on World Leaders to Back Peace Efforts in Light of Strains with Trump
UK Prime minister, Mr. Keir Starmer, has stated that any peace agreement aimed at ending the conflict in Ukraine "MUST" include a US security guarantee to deter Russian aggression
×