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Report Reveals Website Security Risk for African Firms

87% of Magento e-commerce websites at ‘high risk’ from cyber criminals says new report New research has found 87% of SME websites using the Magento platform are currently at high risk from cyber attacks. By contrast, under 10% of websites using other major e-commerce platforms surveyed register in the same …

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KOKO Launches First Network in Nairobi

Venture-backed technology company KOKO Networks has launched its first network of 700 “KOKOpoints” inside neighbourhood shops across Nairobi. KOKOpoints are multi-purpose consumer access machines, combining a fuel ATM, an e-commerce kiosk and an in-store digital media experience. KOKO builds technology for life in the world’s fastest-growing cities. The first consumer …

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PwC: Consumers are Moving Away from Traditional Forms of Entertainment and Media Consumption

· Almost 40% of those surveyed are moving away from consuming entertainment through traditional channels and rather streaming daily or more. · More than 50% of Gen Z consumers are streaming daily or more. · 33% of South African consumers go to social media first to hear about current events. …

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Commission Recommends Naspers Purchase of WeBuyCars be Prohibited

The Commission has recommended to Competition Tribunal (Tribunal) that the proposed acquisition of WeBuyCars (Pty) Ltd (WeBuyCars) by MIH eCommerce Holdings (Pty) Ltd (MIH eCommerce), an entity of the Naspers Group, be prohibited. MIH eCommerce wishes to acquire 60% of WeBuyCars. MIH eCommerce is mainly an investment holding company and …

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E-commerce Research from inRiver Reveals Generational Trends in Shopping Preferences

New research from inRiver reveals 55% of shoppers research products online while in store, and this number is higher for 16-24 (nearly 70%) and 25-34 (67%) age groups. Leading product information management company, inRiver, has unveiled a research report that focuses on the generational differences in consumer shopping habits and …

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Kenya Online Restaurant Platform Partners Indian Firm to Expand Foot Print in East Africa

EatOut, a Kenyan based eatery discovery service has partnered DineOut, Indian firm in the launch of a regional restaurant platform dubbed as InResto as they seek to tap a wider market in the regional expansion drive. According to a report by Business Daily, the partnership will see EatOut launch the …

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Mastercard and Jumia Expand Relationship to Accelerate E-commerce Growth in Africa

Jumia, the leading pan-African e-commerce platform, today announced that Mastercard has agreed, subject to certain conditions, to become an investor and form a strategic partnership to grow e-commerce operations and support the digital transformation of the continent. Currently, e-commerce is nascent in Africa and accounts for less than 1% of …

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Alibaba Gains E-commerce Edge in Kenya With Safaricom Deal

In a bid to bolster its e-commerce presence further, Alibaba BABA has teamed up with Safaricom, a Kenya-based provider of voice, data, financial services and enterprise solutions. Per the deal, Safaricom’s customers will be able to make payments via the company’s mobile-money wallet, M-Pesa, while shopping on AliExpress.com, an online …

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RBR: E-commerce Forecast to Rise to 24% of Card Spending

Source: www.rbrlondon.com Online card expenditure growing at double digit rates and will continue to increase significantly faster than card spending at physical outlets to account for nearly a quarter of all card expenditure by 2023 Cardholders moving away from physical outlets in search of lower prices and convenience Research from RBR …

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