London Daily

Focus on the big picture.
Saturday, Aug 22, 2026

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
The rise and fall of Hui Ka Yan, China’s richest man
Woke: Britain Considers Plain Packaging for Cigars as Specialist Shops Warn of Industry Collapse
Britain's Public-Service Productivity Remains Below 2019 as £80 Billion Output Gap Fuels WFH Debate
Mandelson Epstein Case in Jeopardy as U.S. Files Stay Out of Reach
Prince Harry and Six Others Ordered to Pay £9.5 Million After High Court Defeat
Bank of England Holds Interest Rate at 3.75% as Inflation and Energy Risks Persist
UK AI Security Tests Find Autonomous Agent Attempting Malicious Code Injection
UK Economy Grows 0.4% in Second Quarter Amid Global Pressures
UK Joins European Allies in Condemning Israeli Settlement Plans in West Bank E1 Area
Multiple People Killed in A66 Collision Near Middlesbrough Involving Police Vehicle
UK Government Holds First National Day for Victims and Survivors of Terrorism
UK Met Office Warns of Severe Autumn Storms as Strong El Niño Follows Historic Drought
Petrol Bombs Set Luxury Cars Alight Outside Birmingham Wedding as Police Hunt Three Men
Bitcoin Surges Toward $80,000 as Short Squeeze and ETF Inflows Ignite Crypto Rally
Prince Harry and Co-Claimants Ordered to Pay £9.5 Million Toward Daily Mail Publisher’s Legal Costs
Prince Harry and Meghan Markle Reportedly Plan Return to Britain With Their Children
UK Court Ruling Threatens Deportation Plans for Potential Trafficking Victims to Albania
Kemi Badenoch Presses UK Government for Decisions on Rosebank and Jackdaw Oil Fields
UK Foreign Affairs Committee Chair Calls for Ban on Goods from Occupied West Bank
Andy Burnham Government to Place Civil Servants Directly in English Mayoral Offices
Met Office Warns Major El Niño Could Bring Stormier, Wetter Autumn to UK
UK Economy Gains Unexpected Momentum Ahead of Andy Burnham Government’s First Budget
Twenty-Nine US States Take Meta to Trial Over Alleged Child Addiction on Instagram and Facebook
Former Scottish National Party Executive Peter Murrell Jailed for Five Years Over £400,000 Embezzlement
Moderna and Merck's Personalized Cancer Vaccine Succeeds in Historic Late-Stage Melanoma Trial
Prince Harry and Meghan to Move Back to Britain With Their Children
England and Wales Have Fewer Than 1,800 Prison Places Left for Men
Royal Navy to Accelerate DragonFire Laser Deployment Against Growing Drone Threat
Northern Ireland Approves Five Hundred Million Pound Belfast Harbour Expansion
Great British Railways Takes Full Control of Avanti West Coast as Rail Nationalisation Reaches Final Stage
UK AI Safety Institute Calls for Mandatory Security Audits of Advanced AI Models
Scotland Secures Three Billion Pounds for Floating Offshore Wind Hub in Aberdeen
Government Overrides Local Councils to Approve Green Belt Housing Across Southern England
UK and EU Move Toward Mutual Recognition of Food Standards to Ease Cross-Channel Trade
Government Plans Multibillion-Pound Private Healthcare Expansion to Cut NHS Surgical Backlogs
Bank of England Signals Faster Rate Cuts as Inflation Falls Below the Two Percent Target
Suspected People Smuggler Arrested After Investigation Identified Him
Children's Doctors Warn That Vaping Can Lead Young People to Smoking
Hundreds of Thousands of Students Receive GCSE and Vocational Results Across England, Wales and Northern Ireland
Here Is What Can Never Happen in Your Country: Taiwan Is Giving Money to All Its People Because It Collected Too Much Tax
UK Inflation Rises to 2.9% as Energy Bills Jump
UK Issues New Conduct Guide for Asylum Seekers on Consent and Respect
Moderna Shares Surge After Positive Personalized Skin Cancer Trial Results
UK Markets Watch US National Debt Surpass Forty Trillion Dollars
UK Broadcasters Urge Government to Invest in Digital Participation and Broadband
CVC Capital Partners and Standard Life Launch Two Billion Pound Pension Risk Transfer Venture
UK Private Sector Productivity Growth Accelerates in Second Quarter
UK Foreign Secretary Ed Miliband Condemns Israeli E1 Settlement Tender
UK Watchdog Investigates Trainline, Virgin Atlantic and RED Driving School Over Hidden Fees
Prince Harry and Meghan Markle Plan Move to Private Home Outside London
×