Internet retail
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Move fast and break things: E-commerce players on a steep learning curve as they seek a business model for Africa
Image: COURTESY COVID-19 turbocharges growth Even before the onset of COVID-19, interest in online shopping was on the rise in Africa, albeit from quite a low base. The rapidly rising penetration rate of mobile phones, particularly smartphones, over recent years, is playing a key role in this. The total traffic for online marketplaces in Africa
4th February 2021
Categories: Blog - Retail - Internet retail - e-commerce - Consumer - Retail & Shopping Malls - Sagaci Insights
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Despite Covid-19 disruption, Jumia continues to narrow its losses
In the three months to June 2020, operating losses at Africa-focused internet retailer Jumia declined at an annual rate of 43.6%, to €37.6 million. It operates across 11 African markets, with a particular focus on North Africa (Algeria, Egypt, Morocco, and Tunisia) and West Africa (Côte d’Ivoire, Ghana, Nigeria, and Senegal), in addition to Kenya,
2nd September 2020
Categories: SagaRetail News - Retail - Internet retail - Jumia
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Jumia sees its number of active users jump by half
The number of annual active consumers (those who have made a purchase during the prior 12 months) using Jumia increased at an annual rate of 51% during the first three months of 2020, to 6.4 million, according to the online retailer’s latest quarterly report. The total number of orders it received rose by 28% year-on-year
15th May 2020
Categories: SagaRetail News - Retail - Supermarkets - Africa - Naivas - Carrefour - Internet retail - Consumer - Retail & Shopping Malls