DealDey, Nigeria’s e-commerce platform has closed its business in December 2018 and has let go of its workers. In 2015, the company raised $5 million in a Series B funding from Kinnevik which was its original investor. After raising funds, the company laid off almost 60 percent of its workers...
New technologies such as cloud computing are revolutionising the way people do business across the globe. In the African market, infrastructure has traditionally proven to be a challenge that has hindered adoption of new technologies. However, mobility is one area where Africa is leading the game, particularly when it...
The “Shop-in-shop” concept on JUMIA Egypt provides access to JUMIA’s own nationwide shipping fleet, storage facilities, customer service platforms and offer buyers flexible payment methods. “The opportunity is huge”, said Mattia Perroni, CEO of Jumia Egypt. “Through a simple comparison of what it costs a brand to open a store...
As digital is taking business and customer interaction to the next level, the sector which seems to vastly adopt and respond to these technological advancements is retail. The Internet of Things or IoT is revolutionising the world by creating smart devices that are all connected to the internet. E-commerce turned...
Guaranty Trust Bank plc, a leading financial institution in Africa and Etisalat, a Nigerian telecommunications company have partnered to introduce GTEasySavers, a savings account that is easy to open and easy to save; designed to enable under-banked and unbanked individuals achieve their financial goals while operating a regular bank...
For the first time since the dawn of e-commerce in South Africa, online retail in this country will reach 1% of overall retail during 2016. This is the most significant finding of the Online Retail in South Africa 2016 report, released today by World Wide Worx. The report shows that...
Rapidly evolving technologies, changing demographics, and consumer preferences have created a change in the consumer product industry. With a growing shift in retail industry trends, driven by technology and access to the Internet, consumers are now accessing most stores and brands through online platforms. The growth in online shopping trends,...
On Monday, 16 September 2019, Ethiopian Airlines announced that it plans to expand its payment method offerings by partnering with digital commerce and payment solutions platform; CellPoint Digital to introduce WeChat Pay and KNET. In 2018, the Airline first integrated CellPoint's 'Velocity' payment platform - a mobile-first payment strategy -...
There’s an old axiom that suggests you should always be aware of your surroundings. It’s good advice that can be applied to every aspect of your life – including your business. Let’s say you have the opportunity to open up a coffee shop in a brand new shopping mall. The...
At present, e-business in Africa remains a challenge. It may be better than it ever has been, but the truth is that lower literacy and internet penetration levels continue to limit the growth on the continent. However, this will not remain the status quo for long, as smartphone proliferation...
  Smollan, a retail solutions company has been announced as Gold sponsor of Digital Retail Forum 2019, set to take place on 30 January at the Hilton Sandton in Johannesburg. The forum will gather over 200 retail industry leaders and experts, who will join in discussions about making digital innovation a key...
Wirecard, a digital financial technology company, has announced that it is now handling payments for online and travel agency bookings for Royal Air Maroc, Morocco's national airline. According to Wirecard, Royal Air Maroc is set to join the Oneworld alliance in mid-2020 and has annual passenger figures of 7.4 million...
The age of virtual reality is officially here and it is a race towards perfection. Consumers are now engaging with gameplay and simulations in ways once only thought possible in science fiction. Ushered in by the groundbreaking development of the Oculus Rift, the market now boasts a number of...
CIOs in the retail sector are increasingly looking to location analytics provided by sophisticated Wi-Fi marketing solutions to address digital transformation. This is the view of Wade Gomes, Sales Director of Corr-Serve, a local value-added distributor that represents Cloud4Wi in the South African market, a leading provider of location analytics...
Fast on the heels of Groupon’s exit from the South African market, newly formed Hyperli is set to take the online daily deal marketplace by storm. Hyperli has honed its offering and has launched a newly curated online marketplace focused on delivering relevant deals to South African consumers. Collective online...
It is no new revelation that traditional retailers are having to revisit their business models as new, agile e-commerce stores are eroding the reach of ‘in store’ retail outlets. To mirror the success of newer, online stores, large retailers are looking to modernise by establishing parallel online presences. Behind the...
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