It’s been quite a dispiriting past week for eCommerce in Nigeria. First came the news that Zinox acquired Konga for a rumoured paltry sum. Then on Wednesday, OLX revealed plans to shut down physical operations in Nigeria.
These have raised questions about the viability of eCommerce in Nigeria. Will Nigerians ever fully embrace buying and selling online or will we always be a touch-and-feel nation? What is the future of eCommerce in Nigeria?
This week on Techpoint
3 possible reasons Leo-Stan Ekeh bought Konga.
It seems major investors in Konga lost a combined 93% return on investment.
Investing in African startups: The good, the bad and the hopeful.
Placements.ng: The journey from FUTA to Washington DC.
Former GoMyWay CEO, Damilola Teidi is now Director of Incubation at CcHub. Link.
- Who your startup epp? Link.
- Twitter records first ever profit. Link.
- Vacancy at Google Nigeria, openings for web developers in Lagos, Ibadan and more. Link.
On January 27, 2021, Techpoint Africa will be hosting the brightest minds in decentralised finance/crypto at the Digital Currency Summit tagged “Building the money of the future” Click here for more details, registration and sponsorship.
Report: Millionaire West African startups” raised over $1.806 billion between 2010 and 2019, 97.9% of which went to Nigerian startups. Get a free overview and 50% purchase discount here.
Listen to Built in Africa, a podcast by Techpoint Africa