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…

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KCB Group replaces KPMG Kenya with PwC as its external auditor

PWC KPMG

KCB Group is reported to this Thursday replace KPMG Kenya with PricewaterhouseCoopers (PwC) as its external auditor, dealing a blow to the consultancy after it lost Absa Kenya job last year. The changes now hand PwC audit control of Kenya’s top two banks — KCB and Equity Group. Last year, Equity Bank dropped Ernst & Young for PwC in 2017. KCB audit job has been among the highest payers, with remuneration paid by the lender amounting to Sh55 million in the financial year ended December 2019. Absa Kenya last year…

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2020 survey lists the most admired African brands

Africa brands

The survey which started 10 years ago, is now seen as the most authoritative survey, analysis, and metric of African brands. It is a consumer-led survey that seeks to establish brand preferences across Africa. The respondents of this survey are 18 years and older, in 27 countries which collectively represent 50% of the continent, covering all economic regions and accounting for an estimated 80% of the population and the GDP of Africa. American sports and fitness giant, Nike takes the top spot for the third year in a row. MTN…

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New study reveals new consumer experiences during COVID-19

COVID 19 Read consumer

The era of the coronavirus pandemic has had consumers taking online classes, signing up for trials and subscriptions, and using telehealth. It’s a golden opportunity for service providers, according to a new survey. The April 2020 Amdocs study surveyed 1,000 people in the US, 18 and over, to examine consumer behavior and attitudes in day-to-day life, and how they have changed during the pandemic. The changes in those surveyed also reveal that there are new opportunities for service providers during this time–nearly a third of those surveyed (30%) are now…

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PayPal rolls out a new QR code feature in its app to enhance contactless payments

PayPal Becomes The First Foreign Payment Platform In China

Cash is out and touch-free payments are during the coronavirus pandemic, this Paypal has taken cue and announced a new feature in its mobile app that will let customers make payments at stores, farmers’ markets and just about anywhere else using QR codes. You can scan a code — either from a printout or on a screen — using your phone’s camera. Payment QR codes are already fairly common, with a bunch of companies providing similar features, including Visa, Mastercard and Walmart. The biggest difference is that many existing QR…

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Telegram quits on its cryptocurrency focused subsidiary TON

Telegram

After years of drama with the SEC, Telegram is calling it quits on its crypto-focused subsidiary, Telegram Open Network (TON). “Telegram’s active involvement with TON is over,” wrote Pavel Durov, founder and CEO, in an announcement on his channel. “You may see – or may have already seen – sites using my name or the Telegram brand or the ‘TON’ abbreviation to promote their projects. Don’t trust them with your money or data.” TON was a blockchain platform designed to offer decentralized cryptocurrency to anyone with a smartphone, in a…

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Twiga Foods, Jumia signs deal for Fresh Food distribution during COVID 19 Crisis

jumia twiga foods covid 19 deal

E-commerce platform Jumia Kenya and Twiga Foods have signed a partnership agreement that will enable shoppers on the platform to buy fresh produce as well as processed foods distributed by the farm produce aggregator. Through the deal, shoppers can now buy pre-packed bundles whose cost will range between Sh1,230 and Sh3,180 depending on the goods. The bundles will save customers up to 50 percent compared to average supermarket prices, and consist of items like watermelon, potatoes, tomatoes, onions, bananas, maize meal and processed milk. Delivery will be free in Nairobi…

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Six key areas for getting your business ready for COVID-19

COVID 19 Read consumer

In January 2020 the World Health Organization (WHO) declared the outbreak of a new coronavirus disease in Hubei Province, China to be a Public Health Emergency of International Concern. WHO stated there is a high risk of the 2019 coronavirus disease (COVID-19) spreading to other countries around the world.WHO and public health authorities around the world are taking action to contain the COVID-19 outbreak. However, long term success cannot be taken for granted. All sections of our society –including businesses and employers –must play a role if we are to…

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Microsoft Unveils Microsoft 365 With AI + Cloud-Powered Features

Microsoft 365

Microsoft will be launching it’s new Microsoft personal together with family subscriptions to replace the current office 365. The plan will be available as of 1st April 2020. Both the personal and family option will include access to office alongside other new features that will be rolled out. The personal plan will be retail at $6.99 and $9.99 monthly subscriptions for the family package of up to six persons. Both plans will include everything in the office 365 including desktop office apps.  1TB of Onedrive cloud storage per person, 60…

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Mobile banking dominance may slow down as users opt for digital lending apps

M-Gas

The growing dominance of mobile banking may slow down amid low employment rates and high costs of living which have pushed more Kenyans to rely on digital lending apps to make ends meet, a new report shows. The report by Egyptian investment bank, EFG Hermes, said the surge in digital lending apps has been witnessed over the years as more Kenyans sought to supplement their incomes following a spiral in the cost of living. This is likely to threaten the mobile banking revolution. While more mobile banking and digital loan…

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