Tag: e-commerce

Chinese e-commerce mogul Jack Ma : Africa’s challenging situation should be a source of innovation

Chinese e-commerce mogul Jack Ma : Africa’s challenging situation should be a source of innovation

Business
To many, he embodies the idea of success. Jack Ma, a Chinese billionaire, jetted into Nairobi Wednesday evening, started a packed two-day visit that peaked with a public appearance at the University of Nairobi and a speech to Kenyan youth tips on how to build successful business empires. Throughout his many public lectures that are available online, Jack Ma has emphasized a philosophy of personal change and humility, empowerment of women in public lives, and investing more in youth. Jack Ma said that Africa's poor infrastructure, social, economic and political situation should be a source of innovation for most entrepreneurs, just as lack of e-commerce in his home country inspired him to start one of the biggest online marketplaces. "If the Government does not have a solution to...
Survey: E-Commerce in Africa awaits improvements in payments and delivery

Survey: E-Commerce in Africa awaits improvements in payments and delivery

Business, Mobile
Africa has had the most rapid Internet growth rate in the world in the past five years. Still, Internet penetration rates remain low compared to other global regions. Mobile is the main means of Internet connections in Africa, according to the yStats.com report, as fixed connections make up less than 10% of the total Internet subscriptions in many countries throughout the continent, such as South Africa and Tunisia. As Internet connectivity has grown, consumers are beginning to see the advantages of online shopping. Surveys cited in the yStats.com publication show that convenience is one of the enticements for buying online, for instance, in Nigeria and Kenya, but the fact remains that few Internet users in Africa have made an online purchase. The yStats.com report points to two main b...

Global e-commerce sales will top $1.25 trillion by 2013

Cyber Security
Global business-to-consumer e-commerce sales will pass the 1 trillion euro ($1.25 trillion) mark by 2013, and the total number of Internet users will increase to approximately 3.5 billion from around 2.2 billion at the end of 2011, according to a new report by the Interactive Media in Retail Group (IMRG), a U.K. online retail trade organization. The study estimates that business-to-consumer e-commerce sales in 2011 increased to 690 billion euros ($961 billion), an increase of close to 20% from a year earlier . The United States remains the world’s single biggest e-commerce market, IMRG says, followed by the United Kingdom and Japan. IMRG estimates that growth rates in those countries will be approximately 10-15% a year.  But with China’s e-commerce sales growing more than 130% in 201