eCommerce
Techpoint Africa covers African eCommerce startups and their journey, headlining their struggles, successes and breakthroughs.
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Following the imminent shut down of his company’s eCommerce operations, Gloo founder and CEO, Olumide Olusanya claims that there’s no strong need for eCommerce in the Sub-Saharan Africa region.
Headlining the eCommerce narrative in Nigeria are stories of leading companies marred by struggles of online payment infrastructure, poor road networks that complicate logistics and a slow pace of customer base growth. But Foodlocker, a startup in Ibadan, may have figured the solution to these problems.
Payporte CEO, Eyo Bassey talks about the company’s new business model while also commenting on the Nigerian eCommerce space
Former major stakeholder in Konga, Naspers recently stated losing $38 million for selling its 50.9% stake in the eCommerce company earlier in the year. This gives us a reasonable idea what the acquisition was worth.
Mart.NG ships fresh fruits, vegetables, hot foods, beverages and other household items to Abuja residents, with a promise to deliver in 59 minutes. But there’s a catch.
Barely 7 months after cancelling it, Konga.com recently announced the reintroduction of the Pay on Delivery option on its online store. What could this mean for the future of the controversial payment model in the Nigerian eCommerce space?
Recently, the online grocery retail space has become flooded, with most new and emerging players coming on board within the last two years. These six caught our attention.
The possible ways that NIPOST can revolutionise the eCommerce and logistics industry while making impact on financial service delivery.
Prior to the Yudala-Konga marriage that followed the acquisition of the latter by Zinox Group, Yudala maintained the highest number of brick-and-mortar stores in the nation’s eCommerce industry. These physical stores would definitely end up being of great advantage to the new Konga brand. Zinox Group initially maintained that both companies would not be merged…
The lack of trust for online sellers is the reason why Nigerians prefer payment on delivery Escrow service providers can help gain buyers’ trust.
Asides the monster that is Pay on Delivery, one of the biggest challenges to running an online store, especially in Nigeria, is logistics. If you are a third party seller on any of the big Nigerian eCommerce marketplaces, you’re probably very familiar with this situation; orders come in trickles, especially if you don’t sell fast moving items, and…
Jumia is about to set off probably the biggest online mobile sale ever in Nigeria. The eCommerce platform has released details of its forthcoming ‘Mobile Week Megathon‘. So what is the Jumia Mobile Week Megathon? Simply put, it is a week-long sale of mobile phones, via the Jumia mobile app, at (promisingly) crazy discounts. Throughout the Mobile…
In case you probably have had a terrible experience in the past trying to use one of the numerous online classifieds marketplace as a buyer, such experience might be a thing of the past with Efritin.com. Over the week I tried selling my Smile MiFi and I got a call, not from a buyer but…
The other day, we told you how a third party merchant listed a truckload of cement, for 2 million Naira, on Konga. At the time, it held the record for the most expensive item ever listed online in Nigeria. Well the record has just been broken, many times over. As it turns out, you can…
Popular eCommerce website, Konga.com will be down for 5 days from the 28th of May to 1st of June, 2015 and it won’t be due to server downtime. As it turns out, Konga has a Big App Sales promotion in the works in a bid to aggressively promote its mobile app. According to our source,…
Over the week, I had the opportunity to chat with the duo of Dapo Ademosu and Taiwo Banasko, founders of CityRun. They shared their experience as one of the youngest players in the logistics industry in Nigeria, the challenges and future aspirations. In the beginning “eCommerce seems to be what’s going on in Nigeria now,…
So I’m just going to go ahead and say what everyone is thinking: Rocket Internet is in absolutely everything these days. Along with its ability to give companies quirky, yet appropriate names, Rocket Internet has perfect the art of launching clone companies. Rocket Internet has just unveiled Vendito (Latin for Hawk or Sell), an online…
Earlier today Konga CEO, Sim Shagaya tweeted: https://twitter.com/SimShagaya/status/597662032662503424 Just in case you though it was a joke, a certain Konga merchant, by username Elicollectipn Plus, actually does have a truckload of Dangote cement live on Konga N1,935,000. That’s right ladies and gentlemen, we have a Guinness World Record for the most expensive item ever to be…
The introduction of GSM into Nigeria can be termed one of the nation’s biggest achievements in the last 20 years. With GSM came improved internet penetration and consequentially mobile/internet based businesses such as online gambling, internet banking and eCommerce. The eCommerce sector has seen tremendous growth in the last 4 years with big players like…
Konga’s CEO, Sim Shagaya, in a tweet yesterday evening, invited everyone to find bugs on the Konga Android/iOS app, and get paid for it. He has got quite a response. https://twitter.com/SimShagaya/status/595278891507396610 Basically, find fault with the Konga app and get 10,000 for your troubles. This is a first of it’s kind Google-esque call in Nigeria;…