Excitement is sky-high among bargain-hungry shoppers as Konga Yakata, the Black Friday sales of Nigeria’s e-commerce giant is known, kicked off in the early hours of today, Wednesday, November 11, 2020. Already, thousands of eager shoppers expectedly kept vigil on the Konga website – www.konga.com to be the first to grab the special commencement deals.
Jumiahas announced that its logistics service is now available for use by third parties. Until today, Jumia’s logistics services were reserved for ecommerce and food vendors operating on its marketplace. Jumia’s logistics services are now open to third party businesses who wish to leverage its network, technology and expertise for last mile deliveries across 11
E-commerce giant, Jumia Nigeria has partnered with Standard Chartered Bank, Samsung, and other brands for the 2020 Black Friday campaign, which is scheduled to begin on Friday, November 6th till 30th, 2020. Other partners include Pernod Ricard, Unilever, Reckitt Benckiser, Intel, Defacto, Umidigi, Michelin, Stanbic IBTC, and others. The chief executive officer of Jumia Nigeria,
Partnership is a game-changer in enabling contactless acceptance for smaller merchants across the continent phos, the fintech behind the first-ever software-only Point of Sale (SoftPOS), and Stanchion Payment Solutions, a global specialist in payments systems and integration, today announced that they have partnered to help payments processing companies and banks to accelerate time to market
Mondia (https://Mondia.com), a leading technology company which specialises in the marketing and distribution of digital content and Jumia (NYSE : JMIA) (www.Jumia.com.ng), Africa’s largest e-commerce platform, today announced the launch of Jumia Games, a competitively priced entertainment category on the JumiaPay App. In its first phase, the fully branded gaming portal is available in five
Infobip delivered its SMS platform with customer relationship management (CRM) integration capabilities to food and beverage group Eat’N’Go, enabling it to align its messaging with customer behaviour, boost consumer conversion. Eat’N’Go Limited is a Nigeria-based quick service restaurant (QSR) group that is the lead franchisee for three well-known US fast food brands, namely Domino’s Pizza,
TradeDepot, the B2B eCommerce platform for consumer goods in Africa, has raised a further $10 million in a pre-Series B equity round co-led by Partech, International Finance Corporation, Women Entrepreneurs Finance Initiative (We-Fi) and MSA Capital. This is in addition to the $3 million Series A led by Partech in 2018. TradeDepot will use the
The partnership with Mastercard is setting the benchmark for Uber across the MEA region. Our teams are working 24/7 to assist health and medical care authorities as well as workers supporting our communities in responding to the pandemic. We have partnered with Mastercard, who have committed 120,000 free trips and meals to workers who are
Jumia, Africa’s leading e-commerce platform and Mastercard today announced a partnership to incentivize the use of cashless payments platforms as people look for safer ways to pay in the wake of the COVID-19 pandemic. Through this initiative, consumers who purchase essential products using their Mastercard on the Jumia platform will receive up to a 10
SPAR Nigeria operates 14 hypermarkets in several major cities around the country. A government lock down from 3rd April in response to the corona virus COVID-19 outbreak, led to them changing their store opening hours and introduce online ordering for home delivery. Having seen that shoppers were purchasing larger volumes than normal of many products,
Spur Corporation today reported an increase of 8.4% in group revenue to R525 million as middle income consumers came under increasing financial strain in the six months to December 2019. The group’s profit before tax grew by 19.5% to R161.8 million, boosted by the recovery of an impairment provision of R10.8 million related to its
Visiting Nigeria and South Africa, Quincey met with business and political leaders as the company scales up investments and looks forward to continued growth on the continent. The Global CEO and Chairman of The Coca-Cola Company, James Quincey culminated a tour of Africa last week. Accompanied by his extended leadership team, the visit was a
The Managing Director of Artee Group, the licence holder of SPAR Nigeria, Haresh Keswani, was recently honoured with a Lifetime Achievement Award, while SPAR Nigeria was awarded Retail Brand of the year at the BusinessDay Nigerian Business Leadership Awards 2019. The Business Day Leadership Awards recognise leaders who have created and sustained outstanding entrepreneurial initiatives
In a first for the retailer, Shoprite Nigeria was among the winners at this year’s Electronic Payment Incentive Scheme (EPIS) Efficiency Awards. The retailer won in the category Merchants (Point of Sale) for recording the highest volume of cashless transactions in 2018. The EPIS Efficiency Awards celebrate, among others, financial institutions and merchants driving electronic
Africa’s economy has seen modest growth in the wake of falling commodity prices, slowing revenues and volatile currencies. The moderation in growth impacts a range of industries and sectors, including retail and consumer products that must contend with rising costs, and a fall in prices. Despite the decline in growth, the long-term outlook remains positive.
eCommerce in Africa is booming but that doesn’t leave out any struggles which include uncertainty around receiving orders satisfactorily. There are currently 65.4 million eCommerce users in Africa and the Middle East, with an additional 20 million users expected to be shopping online by 2021. When it comes to eCommerce sales in Africa, three of
In recognition of its contribution to promoting micro, small and medium enterprises (MSMEs) in Nigeria and for remaining the most trusted and recognised online retailer, the Board of Editors of Leadership Group Ltd., is set to recognise Jumia, Nigeria’s no 1 shopping destination, with the eCommerce Company of the Year Award (2018). The Group Managing
Coca-Cola Expands Minority Investment to Full Ownership of Africa’s Leading Producer of Juice and Value-Added Dairy Beverages The Coca-Cola Company has announced that it has completed its acquisition of Chi Ltd. in Nigeria. Coca-Cola first announced a minority investment in Chi three years ago and, as planned, has now acquired full ownership of the company. Chi
French multinational retailer, Carrefour has entered into a definitive agreement with Jumia, a Nigeria-based e-commerce platform to boost online grocery, beverages and other sales. A Business Daily report indicates that the deal will allow Carrefour customers purchase a wide selection of products from its six Nairobi stores on Jumia’s online platform starting January. Carrefour is
By 2022, total E&M revenue in South Africa is expected to reach R177.2 billion, up from R129.2 billion in 2017 Africa’s entertainment and media industry has entered a dynamic new phase – a third wave of convergence. The borders that once separated the entertainment and media (E&M), technology and telecommunications industries are blurring in the
In the brand new Tejuoshop shopping centre in Lagos, SPAR Nigeria recently opened a SPAR Hypermarket with a sales area of 1,425m², attracting huge crowds on the opening day. The Tejuosho Shopping Centre, the former Tejuosho Market, famous for fabric and garment trading, is an ultra-modern shopping centre and with room for 1,000 stores, this
Nigeria’s retail sector is dominated by traditional trade formats like open markets and kiosks in terms of absolute store numbers. Despite the prevalence of these channels, the Nielsen Nigeria Shopper Trends 2017 synidicated report reveals that modern trade formats like supermarkets and hypermarkets are stepping up to fulfill the needs of consumers. Modern trade has
Jumia Nigeria has announced the dates and partners for its biggest sales event of the year, Jumia Black Friday 2017. This year’s event is billed as the Jumia Black Friday Festival and will run for 31 days from November 13th to December 13th 2017 on www.Jumia.com.ng. It will be the largest shopping event in Nigeria
Despite Nigeria’s retail sector being dominated by independent formats like open markets and kiosks in terms of absolute store numbers, the Nielsen Shopper & Retail World Conference held in Lagos, Nigeria, has revealed that modern trade formats like supermarkets and hypermarkets are stepping up to fulfill the needs of consumers. Speaking at the event, Nielsen
DHL Express, the world’s leading international express services provider recently announced its partnership with MallforAfrica, the award-winning global e-commerce company, which will facilitate selling of made-in-Africa products to customers in the United States. Businesses can do so via the eBay platform powered by MallforAfrica. Through this partnership, DHL locations will serve as drop-off points for
Foremost ecommerce retailer, Jumia Nigeria has hit the five-year mark in Nigeria and is celebrating with its customers, employees and partners in the #YouMakeUsJumia campaign. Jumia is throwing a Super Birthday Sale with up to 70% discounts on Jumia.com.ng. In addition to the online promotion, the #YouMakeUsJumia campaign includes live street parties around Nigeria and
The African e-commerce sector is plagued by cash, with the majority of payments still being made in cash at the point of delivery. Understanding the impact of this challenge, Mastercard has partnered with Nigerian tech start-up, NetPlus to develop an e-commerce solution that will help make cash a thing of the past, for e-retailers and
PayU has rolled out strategies to intensify efforts to connect businesses to Nigeria’s online payment market. Annual online payments in Nigeria is estimated to surpass N200 billion this year from N167 billion in 2016. Country Manager of PayU Nigeria, Ms Juliet Nwanguma, says, “In order to pursue PayU’s aggressive expansion in the online payment market
The Style Group, a contemporary lifestyle retail group in Nigeria, is leapfrogging the brick-and-mortar sales of fashion, accessories and design services and instead focuses on offering them via modern social media commerce. In the booming social media and eCommerce market of Nigeria, The Style Group’s model is a hit and reaching thousands of Nigerians eager
SPAR Nigeria was the host of the one day SME Bazaar organised for small and medium Nigerian enterprises in collaboration with the Bank of Industry, the Manufacturers Association of Nigeria and the Retail Council of Nigeria. The SME Bazaar followed an extensive SME Workshop to educate and offer professional assistance to small businesses on the
Diaspora remittances, money transfers by migrants to their region or country of origin, are becoming increasingly important to the economies of a number of African countries. In Nigeria for example, remittances of about US$35 billion were expected in the last year. Diaspora remittances are the second biggest source of foreign exchange for Nigeria, and according
