Rocket Internet-backed Jumia Rwanda, an online shopping site has ditched its business to consumer (B2C) online retail and later its ‘Amazon’ model in Rwanda for a pure consumer to consumer (C2C) classifieds site. The firm gave up the e-tail model a few months back and instead of closing shop totally it decided to trade as a pure marketplace like general classifieds site OLX to connect more buyers and sellers in the country. Those other classifieds sites like Jumia House are still online. One advantage with running a classifieds site is that the firm will not spend much time and money vetting traders to use its platform. Though classifieds platforms attract fraudsters, the urban Rwanda community is not new to these and therefore Jumia might not struggle finding sellers and buyers.
The MTN Group has announced that it is the Platinum Event Sponsor for the GSMA Mobile 360-Africa event of 5-7 November 2014. Reports ItnewsAfrica Mobile 360-Africa will attract key stakeholders from mobile and adjacent industries to examine practical steps to help bring about collaboration, including coordinating and enabling policies to promote digital and financial inclusion. Mobile 360-Africa serves as an extension of previously established GSMA events, including the Mobile for Development Summit and the Mobile Money for the Unbanked Leadership Forum. These events are featured at Mobile 360-Africa as co-located programmes, showcasing the progress of initiatives already benefitting millions within the region. The co-located programmes will take a closer look at many of the initiative