Opinion: Factors that will likely shape ecommerce in the second half of 2020

COVID 19 Read consumer

As we enter the second half of 2020, Dan Barker examines the key trends that are set to shape ecommerce, and how retailers can respond to them. The first half of 2020 has been eventful for ecommerce. Of course technical innovation has progressed: Shopify launched a marketplace, Google relaunched organic product listings, Facebook introduced ‘shops’, and thousands of other changes. But much of the first half of 2020 was shaped by a disease named after 2019. The effects of ‘SARS2’ on ecommerce are tough to overstate. Tens of thousands of…

Opera’s Opay Pulls Plug on ORide, OCar, Shifts focus to eCommerce & payments

Opera’s Opay Pulls Plug on ORide, OCar, Shifts focus to eCommerce & payments

News earlier in the week broke that Opera-backed Nigerian fintech startup, OPay has reportedly shut down all its business operations in Nigeria following a letter issued by its foreign investors amidst the poor economic climate caused by the COVID-19 pandemic.. A report claims that all verticals of the startup, including ride hailing, ORide and OTrike — which were still active in other states aside Lagos; the recently launched B2B and B2C eCommerce platforms, OMall and OTrade; OExpress for logistics; and food delivery feature, OFood will be closed down. Opay launched…

MumsVillage enters ecommerce to help mothers earn revenue

MumsVillage enters ecommerce to help mothers earn revenue

Isis Nyong’o’s MumsVillage has diversified into ecommerce to help mothers make money with the launch of MumsVillageShop. The move into ecommerce has been supported by impact investor Gray Matters Capital’s digital accelerator program – GMC Calibrator. MumsVillage also participated in the Unilever-DFID TRANSFORM partnership and Alibaba efounders Fellowship. “It is great to see one of the members from the first class of the eFounders program bring their vision to life. The program aims to empower young entrepreneurs to be champions for an inclusive digital economy, and the growth of MumsVillage serves as a…

The Growth of Artificial Intelligence in eCommerce

Artificial Intelligence

Artificial Intelligence (AI) is improving the online shopping experience for consumers and retailers. From creating personalized shopping experiences to offering virtual buying assistants. Whether it is something you have come across or have been monitoring for a while, there’s no denying that AI has alot of influence in many industries. Shoppers will be able to easily find the best price for an item and communicate with chatbots for quick customer service. For retailers, they’ll be able to better analyze consumer data to predict future buying patterns, create autonomous replenishing systems and also save money…

Tips to Protect eCommerce Website Availability and Security During the Holidays

With the holiday shopping season quickly approaching, Internet retailers are gearing up for an onslaught of Web traffic — which is great, as long as they have the right measures in place to keep their customers safe and satisfied. Even one hour of downtime due to a website outage or a malicious attack can have significant impact on a retailer’s reputation and revenue, especially during the holidays, a time which the National Retail Federation says can add up to 40 percent of an online retailer’s annual revenue. With some large…

COVID-19 is Transforming E-Commerce Globally

Ecommerce startups

Just over 306 million Americans are affected by stay-at-home orders, nearly 95% of the U.S. population. COVID-19 will forever change retailing, and its initial impact on e-Commerce is creating challenges to online selling & service no one imagined in January. The following graphic from COVID-19 Commerce Insight, an Emarsys initiative in cooperation with GoodData show how year-over-year revenue growth comparing the last seven days to the same period last year: Mobile devices are the most popular device for online shopping by a wide margin. 72% of consumers are using mobile…

Afrikamart Agritech startup aims to be largest African fresh food supplier without owning any farm

Afrikamart Agritech startup aims to be largest African fresh food supplier without owning any farm

Senegalese Agritech startup Afrikamart aims to be the largest quality fresh food supplier in West Africa. The company aims to become the largest quality fresh food supplier in Africa without owning any farm. ITBusinessDirect spoke to Mignane Diouf its Directeur Général, here is our  conversation, In your own words, describe Afrikamart? Afrikamart is an outsourced digital purchase department providing solutions for its customers to help them source good quality fruits and vegetables in their local area or internationally. We leverage on digital to connect the different stakeholders on the value chain,…

Amazon to launch an Amazon CloudFront Edge Location in Kenya

Amazon CloudFront Edge

Kenya will be the latest country in Africa after South Africa to have the Amazon Web Services, Inc. (AWS), Amazon CloudFront Edge location launched locally. The launch promises customers a fast and secure Content Delivery Network (CDN) that accelerates the delivery of applications, data, and videos to users worldwide, with high transfer speeds. Amazon Web Services says the Amazon CloudFront is expected to be operational in early 2020 promising up to 50 percent reduction in latency for delivery of content with the new Edge location. The AWS’s global infrastructure network,…

West African Market on the radar after Kenya’s Twiga Foods bags $30M Goldman Sachs boost

Kenya’s Twiga Foods has raised a total of $30 million from lenders and investors led by Goldman Sachs. Top American investment bank Goldman Sachs is the latest to acquire a stake in Kenyan start-up Twiga Foods following a Sh2.44 billion ( $23.75 million) deal that will help the agro-based firm spread across the country and Africa. The B2B food distribution company financed $6.25 million of the funding in convertible debt and $23.75 million in equity, classified as a Series B round. IFC, TLcom Capital, and Creadev joined Goldman on the…