Tag: Ecommerce

AfricaCom Introduces new technology arena to develop the blueprint for Africa’s 4th Industrial Revolution

AfricaCom Introduces new technology arena to develop the blueprint for Africa’s 4th Industrial Revolution

Technology
AfricaCom, the continent's largest and most influential technology, media and telecoms conference and exhibition, is adding a Technology Arena to help celebrate the 20th anniversary of the event, which this year takes place in Cape Town from 7 to 9 November 2017. The Technology Arena, which will be located in the new extension of the CTICC (Cape Town International Convention Centre), will host: AfricaCom 20/20, an interactive space where developers will demonstrate their latest innovations and discuss emerging technology trends; an Innovation Stage; the AHUB (where startups and investors come together); and the TV Connect Africa event track. Incorporated into the technology arena will be an innovation stage, featuring insights and discussions on tech trends, including the Interne...
New opportunities for Kenyan entrepreneurs as E-commerce booms

New opportunities for Kenyan entrepreneurs as E-commerce booms

Business, Startups
Kenya’s electronic commerce market is primed for major growth in the next five years as mobile internet performance continues to improve, a proposed national addressing system comes into existence, and people become more comfortable with digital transactions. The first E-commerce ventures in East Africa used to focus on affluent costumers and the diaspora, with payment by credit cards, mostly in the travel and gifting industry, with startups such as TravelStart or MamaMikes, but the landscape is now narrowing  with mobile money and mpesa. Kenya’s enthusiastic adoption of person-to-person mobile payments creates a solid base for the growth of mobile and electronic commerce. According to the Communications Authority of Kenya, the e-commerce market in Kenya was worth around Ksh.4.3 b
LG Electronics  Kenya Launches an Online Shopping Platform

LG Electronics Kenya Launches an Online Shopping Platform

Business, Internet
The e-Commerce sector in Kenya is developing at a high rate to keep pace with the ever changing technology. On this note, LG Electronics is now tapping into the online space with the launch of an independent e-commerce channel in an effort to increasing the company’s footprint in the country. According to LG, opening the online platform the company is increasing its products’ availability beyond the physical stores. "We are thrilled to launch online shopping in Kenya,” says Janghoon Chung, Managing Director East and Central Africa. “This significant milestone fully rounds out LG’s multichannel offering. Along with seven retail stores and products available in major supermarkets, our customers in Kenya will now have twenty-four-hour access to the best of our innovative, genuine and qualit

Walmart acquires Jet.com for $3B to rival Amazon

Business, Internet
Walmart has taken its biggest digital commerce stride against Amazon. The retail giant announced that it would be acquiring Jet.com — an online-only shopping site that has been live for a little over a year — for $3 billion in cash, plus up to $300 million in shares for the founders and others at the company. Jet.com will continue to retain a separate brand, Walmart said today, as part of Walmart’s strategy to widen the types of consumers that it targets beyond Walmart’s core user base today; and also to broaden the companies that it works with to serve those customers. Marc Lore, the CEO of Jet.com, will lead both Jet and Walmart online, taking over from Neil Ashe. “This is Walmart being even more committed to winning in e-commerce,” said Doug McMillon, president and CEO of Walmart, i