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Jumia Closes Shop in Tanzania, Days After Cameroon

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Jumia has closed its e-commerce business in Tanzania, a market it entered five years ago.

 

This is just days after shutting down in Cameroon.

 

Jumia has suspended operations in Tanzania — in what looks like a continuation of a scaleback on Jumia’s e-commerce operations across Africa.

 

A said that Jumia has shut down its operations in Tanzania in order to focus resources on other markets.

 

The statement reads: “Based on our review of the path to success, we have made a difficult decision to cease our operations in Tanzania as of 27th Nov 2019.”

 

“While Tanzania has strong potential and we’re proud of the growth we’ve collectively seen stemming from Jumia’s adoption, we have to focus our resources on our other markets. This decision isn’t easy but will help put our focus and resources where they can bring the best value and help Jumia thrive.”

 

As was the case with Cameroon, the statement added that: “Jumia will continue to support buyers and vendors through our classifieds portal, previously called Jumia Deals, which will now be the main portal, jumia.tz. Thousands of buyers and vendors transact through this portal and we believe it will continue to become increasingly relevant in the future.”

 

With Cameroon and now, Tanzania, out of the picture, Jumia now has “e-commerce” presence in 12 African markets including Nigeria, Kenya, South Africa, Egypt, Ghana, Morocco, Uganda, Senegal, Rwanda, Ivory Coast, Tunisia, and Algeria.

 

And it is likely that Jumia would call it quits with e-commerce in a few other African markets as the e-commerce giant attempts to arrest a cash deluge that has seen it accrue almost USD 1 Bn in losses since starting things off in 2012.

 

The so-called Amazon of Africa appears to be seeking ways to cut its losses and make profitability more likely. And closing down its business in some of its “less attractive” markets has often been talked up as an option that is vital to the “cutting running costs” objective.

 

Jumia’s recently released Q3 2019 report shows that it is nowhere near profitability despite making a revenue of USD 44.2 Mn. And that’s because the losses keep rising. In the Q3 report, the loss stood USD 55 Mn; higher than the USD 45 Mn it lost during the same period in 2018.

 

Essentially, it’s now more about where and when Jumia is likely to close shop next than if the company is going to. And that’s because Jumia hinted it the Q3 report that it might have to scale back on e-commerce and explore a more promising fintech play, in an attempt to lift its beleaguered business which is also mired in a post-IPO mess.


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E-Business

Sundiata Post Media Unveils Dealboku, eCommerce Platform

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Sundiata Post Media Limited, a multimedia news platform, has launched Dealboku,  its e-commerce platform.

Sundiata Post Media Unveils Dealboku, eCommerce Platform

In a statement, Max Amuchie, founder/CEO of Sundiata Post Media, said Dealboku is an idea whose “time has come”.

Amuchie said Dealboku is different from other conventional online shops where goods are sold at shelf prices, as its e-commerce platform is an online deals marketplace where merchants are made to sell same products and offer same services at a discounted price.

“We have built a robust platform that is unique in its approach to e-commerce. Both buyers and sellers are assured of excellent customer care and quality products and services at discounted prices,” he said.

According to him, “with the establishment of Dealboku, Sundiata Post has made history as the first media platform in Nigeria to go into the full e-commerce business”.

In her remarks, Hannah Atomode, Dealboku’s project consultant, said the goal of the platform is to help customers get good discounted deals to their doorsteps.

“The team has been working very hard to build a beautiful and user-friendly website. This is a platform that comprises various products and services from fashion, automobile, furniture, foods, beauty, food, Spa and wellness, hotels, online training etc,” she said.

“The payment system is not cumbersome, it is so simple and easy to use.”

Atomode added that the e-commerce platform offers three payment options, which are card payment, wallet or bank transfer.

 

 


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E-Business

AtaraPay Redefines e-commerce Space

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AtaraPay, an online escrow service has reiterated its commitment toward redefining and enhancing cash on delivery service in Nigeria in a way that promotes trust, transparency and protects the interest of both parties.

Yemi Adebiyi, Executive Director of TrustPay Technologies Limited, made this known in a statement in Lagos, where he said the emergence of e-commerce in Nigeria has changed the way Nigerians buy and sell goods.

He said that although bias and skepticism against online shopping persist, over time more consumers have begun to embrace the concept of purchasing items online and getting them delivered at their doorstep.

He said: “The advent of the COVID-19 pandemic has also made it imperative for sellers to diversify their sales channel to include an online, omnichannel strategy.”

He noted that, however, over time increased cases of internet fraud, frequent internet payment transaction failures only served to worsen the perception of customers paying online without physically inspecting the goods.

Adebiyi pointed out that as a workaround, cash-on-delivery options quickly became a popular choice with customers who preferred to double-check items in hand before paying in cash. This served as an approach to address the trust deficit and guarantee quality assurance.

He said that the introduction of escrow service by African start-ups such as AtaraPay, Paylock, Truzo has come in handy in addressing the issue of trust between buyers and sellers in a way that promotes transparency and protects the interest of both parties.

Adebiyi explained that AtaraPay’s business relationship with Consolidated Hallmark Insurance Plc enables it to provide a service that can be trusted and reliable enough to take away the monetary bottlenecks and resolve every crisis during transactions.

“This is a safe way to strike an equilibrium between customer and merchant credibility while eliminating fraud in the process,” he added.


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E-Business

Konga to Employ over 100,000 Nigerians through Konga Affiliate Project

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Konga, composite eCommerce giant has revived YUBOSS, a stellar reseller scheme now re-christened as Konga Affiliate through which it is offering millions of smart unemployed and under-employed Nigerians an opportunity to earn unlimited income and ultimately achieve economic freedom by partnering with the company.

Equally important, the Konga Affiliate programme which grants successful applicants instant sign-up at affiliate.konga.com offers a comprehensive partnership to affiliates.

Built upon the very popular YUBOSS scheme which the company floated under Yudala, the central idea behind the revamped Konga Affiliate programme is Konga’s burning ambition to reach the unreached and under-served Nigerians in the hinterlands and other parts of the country through the affiliates whom it has identified as critical partners in this initiative.

This is in addition to the desire to reach more of the growing band of savvy, quality-minded Nigerians in search of a reliable channel for their purchases.

Specifically, the programme affords affiliates who sign up a chance to earn unrestricted income through mouth-watering commissions on every successful sale of products on the Konga platform.

Most importantly, hardworking and successful affiliates can grow through the ranks to ultimately become the owner of a Konga franchise store.

Further setting apart the Konga Affiliate programme is the immense benefits it offers affiliates.

These include access to Konga’s world class assets including its global supply chain, massive warehousing facilities for bulk deals, swift delivery of orders through Kxpress, its in-house logistics company which boasts advanced delivery capabilities, digital payments through KongaPay, a Central Bank of Nigeria-licensed e-wallet as well as round-the-clock customer service support.

Affiliates can also enjoy access to credit facilities and training resources, mentorship opportunities with renowned entrepreneurs and global business leaders as well as sponsorship of mega deals and contracts.

In addition, the programme which has a structured progression path has been touted as a useful way out of the current harsh economic crunch and rising unemployment which has hindered the ambitions of millions of smart Nigerians in search of opportunities to make an honest living.

The dire situation is further compounded by the rampaging COVID-19 pandemic which has hobbled businesses the world over and in Nigeria.

Prince Nnamdi Ekeh, co-chief executive officer, Konga Group, says the company is looking for hardworking, determined Nigerians it can empower and invest in to create wealth through the programme.

‘‘The Konga Affiliate programme which we have relaunched online at affiliate.konga.com is one of the strategies we are deploying in providing creative employment opportunities for millions of Nigerian youths.

“Our target remains the unemployed and under-employed. In fact, we are looking for partners that we can invest in through the programme.

‘‘As it stands, one of our ambitions at Konga is to ensure we reach more of the unreached and under-served Nigerians in majority of the 774 local governments across Nigeria.

‘‘There is no doubt that unemployment is on the rise. However, the efforts of government in creating jobs cannot cater to the army of unemployed and under-employed which is rising by the day.

“Through the Konga Affiliate programme, we are giving many Nigerians a way out of their current difficult circumstances into ultimate economic freedom.

‘‘Our goal is to see each successful affiliate, in turn, become an employer of labour. This is one of the fastest ways of reducing the spiralling unemployment and under-employment rates in Nigeria and giving hope to many,’’ he concluded.

Intending affiliates can register for a chance to join the programme at affiliate.konga.com


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