PalmPay, Jumia partner on payments in Nigeria

Temu enters Nigeria, promising factory-direct pricing and consumer-friendly policies like 90-day money-back guarantees.

Jumia will occupy 6,000 square meters of warehousing in the park, using the facilities for storage, fulfillment, and office space under a 10-year lease deal.

The company said it is ceasing operations in South Africa and Tunisia to optimise resources and focus on markets with stronger growth potential.

New e-commerce firm, Zandaux, launched in Johannesburg this week with Egypt launch scheduled for 29 February. It also has presence in Kenya and Nigeria.

Tupuca, an Angolan online food and grocery delivery platform, is capitalising on increased demand for its services and is looking for further funds to expand.

The e-commerce company claims first consumer retail deal for the continent, with Nigeria and Kenya as initial markets.

With declining customer numbers and sales, the e-commerce company is increasing its drive to become more lean and efficient and turning to payment solutions for some positivity.

The ecommerce giant accumulated losses of $2 billion, as at end December 2022, and says there’s no guarantee it will achieve or sustain profitability in the future.

Jumia has on-boarded 25,000 independent salesperson and established 350 pick-up points countrywide.

I-DICE will support 451 tech start-ups, 226 creative enterprises and 75 enterprise support organisations, and the benefits to Nigeria’s economy are pegged at $6.4 billion.

Bennet Otoo, PR & Communications Manager, Jumia, delves into several top trends expected for the year.