Africa can be a challenging place to do business from infrastructure issues, complex compliance, fragmented markets and dispersed populations and particularly post pandemic, harder lives for ordinary people. One cannot ignore those who have gone before with Massmart announcing earlier this month the sale of Game stores in Kenya, Nigeria, Ghana, Uganda, and Tanzania, citing
Launch in second city after Lagos signals strong growth for Super App ahead of return to ride-hailing and three more new locations in coming months Gokada, the Nigeria-based last mile delivery, logistics and transportation start-up has launched in Ibadan following consolidated growth in Lagos. Following the recent successful launch of its Super App and as
Mr. Arthur has over 25 years of experience executing commercial growth, logistics and distribution in some of the most challenging countries in the world MarketForce, the Kenya and Nigeria-based B2B platform for retail distribution of consumer goods and digital financial services in Africa, is pleased to announce the appointment of Arthur Bourekas as the Chief
Konga, Nigeria’s leading composite e-commerce giant, has signed a partnership with the Federal Government through the Diaspora Commission to further strengthen the relationship between Nigerians abroad, their relatives and the nation. To this effect, a Memorandum of Understanding was signed between Konga and the Nigerians in Diaspora Commission (NIDCOM) on Tuesday, September 14, 2021 in
Mastercard has announced the launch of its The Kitchen competition in support of the restaurant industry in Nigeria. The initiative calls on aspiring restaurateurs from across Nigeria to submit their entries for consideration in the first edition of The Kitchen. Mastercard has collaborated with Lost in the City to present The Kitchen, with the aim
One year after the introduction of SPAR in Ghana, the brand has seen strong successes with a string of new store openings and growing local support. The first SPAR stores opened in the capital city, Accra, in August 2020 as part of SPAR’s growth strategy in Africa. Ghana represents the twelfth market to join the
81% of women entrepreneurs across the Middle East and Africa have a digital business presence according to Mastercard MEA SME Confidence Index Latest research by Mastercard highlights high digitalization among women-owned businesses as opportunity for broader SME recovery and digital economy growth Despite the gender gap and social challenges, entrepreneurial women across the world and
Imperial is pleased to advise that in F2019 and F2020, it created value of R146 billion and R98 billion for its stakeholders and communities in Nigeria and South Africa respectively, as confirmed by a recent Socioeconomic Impact Assessment study undertaken by Accenture. “Imperial plays a key role in connecting Africa and the world and improving
KONGA CLAIMS MOST INNOVATIVE E-COMMERCE COMPANY AWARD Konga, Nigeria’s leading composite e-Commerce giant, has been named the most innovative company of the year. The award was presented to the management of Konga at the 2021 Titans of Tech Hall of Fame Awards held on Friday, July 23, 2021 at the Oriental Hotel, Lekki, Lagos. The
The day was celebrated in Accra under the theme: ‘Safe Food Now for a Healthy Tomorrow’ On 7 June 2021, Ghana joined the rest of the world in commemorating 2021 World Food Safety Day which aims to draw attention to food borne risks and encourage the practice of food safety standards to help prevent, detect
1. INTRODUCTION Shoprite Holdings shareholders (“Shareholders”) are referred to the operational and voluntary trading update released on 3 August 2020 wherein the Company advised Shareholders about the potential disposal of its Nigerian operations (the “Transaction”). Shareholders are hereby informed that the Transaction, effected by Shoprite Holdings through its wholly owned subsidiary Shoprite International Limited (“SIL”),
By: Ray Umukoro When global economy pundits describe Africa as the next frontier, they are merely reacting to strong stimulus coming from the continent, especially in the areas of improving agro-economy, commerce, internet penetration and increasing capacity to harness the abundance of raw materials within the continent. Among these stimuli is e-commerce. Africa is witnessing
Million-dollar manufacturing deal aims to drive industrialisation and economic growth across Africa KAS Africa, a leading contract manufacturer of personal, home, baby and oral care FMCG products, has received an investment with an aggregate value of $10 million from TRT Investments Limited. The transaction significantly strengthens KAS Africa’s balance sheet and capacity to execute its growth
Konga eyes quality health care distribution across Nigeria with Konga Health Konga Health debuts in June Konga Health set to expand access to quality Medicare for Nigerians Konga Health set to debut in June 2021 Konga Health, a highly anticipated digital health care distribution subsidiary of Nigeria’s leading e-Commerce giant, Konga is set to go
Data top-up (94%), clothing (64%) and beauty products (56%) top the virtual shopping list in Nigeria Top learning experiences include online banking, learning to manage health & get medicines online, cooking & learning a new language Social media has become an integral platform for connecting consumers to online businesses Secure checkout experience recognized as fundamental
A Mastercard study on consumer spending* has revealed that nearly four out of five (79%) surveyed consumers in Ghana are shopping more online since the onset of the COVID 19 pandemic. Data, apparel, beauty products and other FMCGs (fast-moving consumer goods), have seen the highest surge of online activity. More than 90% of Ghana consumers
African e-commerce giant Jumia announced that its cost cuts helped it reduce fourth quarter losses by 47% from a year ago as revenues continue to slide, showing that its path to profitability was on course. Jumia, the first Africa-focused tech start-up to list on the New York Stock Exchange, is selling fewer expensive one-off products
As snacking and healthy eating are growing trends around the world, SPAR has joined forces with the international vegetable breeding company Rijk Zwaan. In SPAR stores in India and Nigeria, new vegetable snacking varieties were introduced aimed at changing shopper behaviour. The focus is on providing innovative, high quality, locally grown healthy fresh produce options
Konga leverages e-Commerce to boost fortunes of local farmers Konga shows the way, leverages e-Commerce to reposition rural farmers Konga records another first with e-Commerce-enabled Agriculture Konga, Nigeria’s foremost composite retail giant, has once again led from the front, revolutionizing agriculture in Nigeria by leveraging e-Commerce in helping rural farmers access better agricultural inputs such
By installing these plugins, large and small merchants can offer Kwik Delivery’s on-demand, just-in-time delivery service to all their customers Kwik Delivery has announced that it has released its Kwik Delivery plugin for Shopify, allowing Nigeria-based Shopify merchants to seamlessly integrating Kwik’s groundbreaking last-mile delivery service. “Last September, Kwik had become the first African last-mile
Konga Nigeria’s foremost composite e-Commerce giant, has been rewarded with the highly coveted Company of the Year award in the just-concluded People of the Year Awards, 2020 organized by Business Hallmark Newspaper Group. The award, a recognition of the many landmark strides of Konga in the e-Commerce space, is the latest in a growing list
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,
Ecodi Ghana, SPAR’s Partner in Ghana, is donating food and non-food items through the Food for All Ghana Food Bank to feed vulnerable families and community charities across the country. At an official MOA signing ceremony on Friday 14 August, João Rente Correia, General Manager of Ecodi Ghana, expressed the brand’s commitment towards ensuring shared value
SPAR, the world’s largest food retail voluntary organisation, with a presence of over 13,300 stores in 48 countries worldwide, has today announced further expansion in Africa with the launch of the brand in the Republic of Ghana. The development will see the conversion of 17 existing supermarkets in and around the capital city Accra. Future
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
GCB Bank Limited has financed the purchase of over 30 duty vehicles for the carting of cocoa from the hinterlands to the ports. The vehicles include 30 Howo light duty and 10 heavy duty trucks as well as tractors with trailors for unmotorable roads. A ceremony to hand over the trucks to Royal Commodities Limited,
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
