Category: E-commerce (en)

Jumia Withdraws from South Africa and Tunisia: Analysis of the African E-commerce Giant’s Refocusing Strategy

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In an announcement marking a major strategic shift, Jumia Technologies, often dubbed the “African Amazon,” has revealed its intention to withdraw from two important markets: South Africa and Tunisia. This decision is part of a broader restructuring aimed at achieving profitability, a goal that has long eluded the company despite its rapid growth. A Strategic Decision in a Challenging Economic Context According to Reuters, Jumia’s CEO, Francis Dufay, explained the reasons for this withdrawal: “The trajectory of the countries was not aligned with the group’s strategy.” He specifically cited “the…

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Digital Platforms to Drive South Africa’s Economic Growth by R91.4 Billion by 2035, Naspers and MISTRA Report Shows

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Groundbreaking research highlights the potential of South Africa’s digital platform economy to revolutionize economic growth and inclusion. Today, Naspers and the Mapungubwe Institute for Strategic Reflection (MISTRA) released a pioneering research report revealing that South Africa’s digital platform economy could inject R91.4 billion into the national economy by 2035. This study, titled “Our Digital Horizon: The Economic Opportunity of Digital Platform Businesses in SA,” offers the first comprehensive model of the economic impact of digital platforms in South Africa, underscoring the sector’s transformative potential. Unleashing Economic Potential The report projects…

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Goodwell Invests in OmniRetail, Boosting West African Informal Retailers

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Goodwell Investments, a firm specializing in impact investments for emerging markets, has announced a strategic investment in OmniRetail. This B2B e-commerce platform tackles the challenges faced by West Africa’s vast informal retail sector through digital solutions. The investment, made through Goodwell’s uMunthu II fund in collaboration with long-term partner Alitheia Capital, kickstarts OmniRetail’s Series A fundraising round. Goodwell takes pride in being the first investor, highlighting its commitment to supporting businesses that promote financial inclusion in underserved communities. Fueling Growth Across West Africa This investment fuels OmniRetail’s expansion plans across…

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ALGERIA: PUBLICATION OF AN INFORMATIVE GUIDE ON E-COMMERCE

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Publication d'un guide informatif sur le commerce électronique © Algeria Press Service قدمت بواسطة

Algerie Presse Service – The guide, which comprises four main sections addressing the conceptual framework and risks related to online purchases, provides citizens with advice on how to conduct e-commerce transactions in accordance with the provisions of Law 18-05. It also offers a number of tips to ensure safe online shopping. The guide also discusses the main methods and techniques of online scams and fraud, as well as how to react to these phenomena. The aim is to raise awareness among citizens and enhance their vigilance when engaging in online purchases.…

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E-commerce in Africa: A rapidly growing market expected to reach $180 billion by 2024

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According to the report “Future of Commerce: Outlook for 2024” published by the consulting firm McKinsey & Company, e-commerce in Africa is expected to reach $180 billion by 2024. This represents a growth rate of 25% per year, compared to 15% globally. This growth is driven by several factors, including: Population growth: Africa is the world’s youngest continent, with a population of over 1.3 billion people, of which 60% are under 25 years old. This growing population has a growing purchasing power and is becoming increasingly connected to the internet. Urbanization: Africa…

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African Development Fund, Smart Africa Alliance launch $1.5 million project to enhance digital trade and e-commerce ecosystems across Africa

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The project will see to the implementation of regional training and capacity-building programs focusing on cross-border e-payment and e-commerce for governments, private sectors, and SMEs The African Development Fund and Smart Africa Alliance have jointly launched a $1.5 million project to streamline digital trade and e-commerce policies across 10 African countries. The Institutional Support for Digital Payments and e-Commerce Policies for Cross-Border Trade Project (IDECT (https://apo-opa.info/3L9ZNqA)) will evaluate policy gaps in the digital trade and e-commerce ecosystems of Côte d’Ivoire, Benin, Ghana, Liberia, Uganda, South Sudan, Zimbabwe, the Republic of…

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E-COMMERCE : A New Era of Digital Retail in Africa

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According to Google Africa, the continent is home to 19 of the top 20 fastest-growing countries in the world, and its internet economy has the potential to grow to $180 billion by 2025 Exploring innovation coupled with cutting-edge tech is on the up as brands and retailers consider what, when and how to ride the new wave of consumerism in Africa. With the future of digital retail in Africa an exciting and ever-changing landscape.   Africa Overview Customer expectations are forcing retailers to reassess the service they provide, not just…

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The emerging markets e-commerce opportunity

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Author: Mike Bhaskaran, Group COO of Digital Technology at DP World Online retail has boomed in the last two years, triggered by the pandemic which drove consumers to buy their goods on the internet. While this presented a major challenge for bricks-and-mortar retailers, it created a lucrative opportunity for online vendors and e-commerce platforms. Meta most recently jumped on this trend, partnering with JioMart to improve consumer access to food and goods in India – allowing them to make purchases within WhatsApp, a platform used by over 100 million users…

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Launching of the China-Middle East and North Africa International Trade Digital Expo 2022

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BEIJING, China, October 8, 2022 The ‘China-Middle East and North Africa International Trade Digital Expo 2022’, sponsored by the China Council for the Promotion of International Trade (CCPIT) (https://en.CCPIT.org) and co-organized by the China International Chamber of Commerce (CCOIC) and Beijing Massbetter International Exhibition Co., Ltd., will be held online from October 19 to 28. More than 1,000 enterprises and 10,000+ buyers and visitors from China and overseas are expected to participate in this highly successful annual event.   In the post-pandemic era, the expo will play an important role in…

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Opening of the China-Central and West Africa International Trade Digital Expo 2022

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BEIJING, Sept. 6 (Xinhua) — The China-Central and West Africa International Trade Digital Expo 2022 opened online on September 1. The expo, co-organized by the China Council for the Development of International Trade (CCPIT) and the China-Africa Development Fund (CAD Fund), will be held from September 1 to 10. Attracting 811 exhibitors and more than 8,000 buyers, the exhibition covers various fields, such as agriculture, transportation, information and communication, business services, construction and building materials, infrastructure, medicine and epidemic prevention, beauty and fashion, protection and safety at work. Six meeting…

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