Tag Archives: e-commerce
e-commerce: Latest News
Peter Pedroncelli, 1:15 am AFKI Original
The shortlist of finalists for the Appsafrica.com Innovation Awards 2017 was recently announced, with a number of apps considered in the fintech and m-commerce categories. The awards celebrate the best in mobile and tech ventures from across Africa, with various categories included to recognize mobile apps that impact numerous industries and sectors. The annual awards attracted over 300 submissions from across 31 countries, with the winners announced at the awards party in Cape Town on Nov. 6.
Staff, 10:44 am
Retrenchment, recession and reduced spending – signs of an economy under pressure, but, it would seem from research that SA companies are fighting back! Local ICT managed services provider Integr8 says there is clear evidence of growth across multiple sectors, based on increased investment in mobile commerce technologies. Frost & Sullivan’s analysis of the retail sector notes that cloud-based services, managed services and cellular connectivity will represent the baseline of IT spend in retail.
Peter Pedroncelli, 5:01 am
Safaricom, the world’s biggest mobile money operator, is set to launch an e-commerce platform in October that will be focused on supporting and enabling small businesses to sell their products online. The aim of Masoko, as the e-commerce platform will be called, will be to give small and micro businesses access to markets that they would otherwise be unable to reach with their products.
Peter Pedroncelli, 2:36 am
African e-commerce platform MallforAfrica and global market leader eBay have announced a development that builds on their existing partnership to enable the sale of African handmade goods into the U.S.. MallforAfrica and eBay will now provide Africans in Nigeria, Kenya, Ghana, South Africa, and Rwanda with a new platform to sell their unique artisan products into the U.S.
Peter Pedroncelli, 12:40 pm AFKI Original
Online shopping is a growing trend on the continent, with numerous African e-commerce companies providing local and international buyers with a way to give gifts to friends, family and loved ones. Whether purchasing gifts for birthdays or other special occasions such as Christmas or to celebrate a personal milestone, online shopping sites are making the most of growing internet penetration in Africa. Here’s a list of e-commerce companies that enable gift-giving across the continent.
Peter Pedroncelli, 7:52 am
Chinese e-commerce tycoon Jack Ma has been impressed with his two-day visit to Kenya, and the Alibaba founder admits that he will be considering making investments in the country. Asia’s richest man traveled to the country on his first visit to Africa, along with a delegation of China’s richest billionaires. He was thoroughly impressed by the calibre of entrepreneur that he came across in Kenya, while the broadband infrastructure and speeds also surprised the e-commerce tycoon, so much so, that he is considering investing in the country.
Peter Pedroncelli, 4:44 pm AFKI Original
While e-commerce growth in Africa continues to take place at a faster rate with each passing year, there continue to be barriers that hamper development of e-commerce on the continent. The current share of consumer e-commerce by African enterprises is below 2 percent, and has great potential. By 2018, the African e-commerce market is projected to be worth around $50 billion, from just $8 billion in 2013, according to the International Trade Centre.
Peter Pedroncelli, 5:49 am
Global B2B cross-border mobile payments network, TransferTo, is working with African e-commerce platform, MallforAfrica, to offer digital payments that give online shoppers in Africa access to over 200 major e-retailers across Europe and the U.S. Founded in 2011, MallforAfrica enables Africans to purchase products from numerous international online retailers through their e-commerce platform. There are over 277 million registered mobile money accounts in Africa, far more than the number of open bank accounts, giving mobile money the potential to be a primary enabler of e-commerce payments in Africa
Peter Pedroncelli, 5:08 am
Nigerian fintech startup NetPlus has worked in partnership with global payments giant Mastercard to develop an e-commerce solution that provides the Nigerian and wider African markets with more cashless payment options. The e-commerce sector in Nigeria and most of Africa is held back by the fact that cash is still widely used, but this partnership aims to address that and make a cashless consumer culture more attainable in the region.
Peter Pedroncelli, 6:44 am
Jumia, one of Africa’s fastest growing e-commerce platforms, has partnered with international credit card company Mastercard to make secure and convenient cashless e-commerce a reality in Africa. Africa’s e-commerce industry is experiencing a growth spurt in recent years, and online retailers across the continent are looking to find ways to attract new customers. Nigeria-based Jumia, one of Africa’s most popular online stores, believes that building trust and delivering a better customer experience will accelerate the growth that has been experienced thus far.
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