Tag: Amazon

Jumia just suspended operations in Tanzania

Jumia just suspended operations in Tanzania

Business, Startups
Reporst indicate that Jumia has suspended operations in another African country, just a few days after word got out that the biggest e-commerce player in Africa, Jumia, had quit its core e-commerce business in Cameroon, the company seems to have continued in that path by abandoning yet another African market. According to a report, it appears Jumia has suspended operations in Tanzania — a market it entered five years ago — in what looks like a continuation of a scaleback on Jumia’s e-commerce operations across Africa. Per a statement supposedly seen by Techawk, 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 Tanza
So long, Cameroon! Africa retailer Jumia suspends e-commerce in troubled country

So long, Cameroon! Africa retailer Jumia suspends e-commerce in troubled country

Business, Internet, Mobile, Startups
Online retailer Jumia Technologies has said on Monday that is has suspended its e-commerce platform activities in Cameroon because they were “not suitable” for the African state. Its share price hit a record low of $4.96 after Reuters reported the suspension on Monday, said it would continue supporting buyers and vendors in Cameroon using its classified portal Jumia Deals. Dubbed “the Amazon of Africa”, the company founded in 2012 by two French former McKinsey consultants has grown quickly to become the continent’s leading e-commerce firm, operating in more than a dozen countries. Cameroon’s economy is one of the largest in central Africa, but growth has been hit by a two-year separatist uprising in its Anglophone North-west and South-west regions. “We came to the conclusion that ou
Cyber attacks in Kenya rose to 11.2 million in first quarter, CA Report

Cyber attacks in Kenya rose to 11.2 million in first quarter, CA Report

Business, Cyber Security
Kenyan organisations were hit by about 11.2 million cyber threats, being a 10.1 percent increase in the number of incidences, in the first three months of 2019 when compared to the previous quarter. This is according to fresh Communications Authority of Kenya (CA) data indicating that its incident response centre detected growing cases of malware, web application attacks, system misconfiguration and online abuse. CA’s cyber intelligence team consequently issued 14,078 cyber threat advisories to the affected organisations, an increase from the 12,138 alerts during the previous period. Cyber security threats are estimated to have cost Kenya’s economy about Sh29.5 billion, a recent report by tech consultancy firm Serianu said. The rise in cyber threats has forced firms, especially
Amazon beats Walmart to acquire PillPack, an online pharmacy in bid to disrupt pharmaceutical industry

Amazon beats Walmart to acquire PillPack, an online pharmacy in bid to disrupt pharmaceutical industry

Business, Startups, Technology
Amazon has today announced an acquisition that underscores how it also hopes to have a more direct — and more commercial — role in the world of healthcare in the coming years. The company has purchased PillPack, an online pharmacy the lets users buy medications in pre-made doses. This news come only a week after after appointing a CEO for its healthcare joint venture with Berkshire Hathaway and JPMorgan. “PillPack’s visionary team has a combination of deep pharmacy experience and a focus on technology,” says Jeff Wilke, Amazon CEO of Worldwide Consumer, in a news release. “PillPack is meaningfully improving its customers’ lives, and we want to help them continue making it easy for people to save time, simplify their lives, and feel healthier. We’re excited to see what we can do together o
Facebook, Google, Amazon: New challengers in classifieds

Facebook, Google, Amazon: New challengers in classifieds

Business
Facebook and its fast-growing Marketplace initiative poses a serious threat to the classified advertising services offered by the world’s “Big Six” multinational classified companies, a new report from the AIM Group shows. Craigslist, Schibsted, Naspers, EBay and other classified advertising companies are running into increased competition from Facebook, Google and even Amazon, which is experimenting with a consumer-to-consumer sales site called Local Finds in India that it has talked about rolling out worldwide. The competition is covered in the 2017-18 Global Classified Advertising Annual published by the AIM Group. “Classifieds and marketplaces online are more competitive than ever,” said Peter M. Zollman, founding principal of the AIM Group, which publishes Classified