Hi Pa Fru,
thanks for the below mail. Very educative. These Nigerian boys are getting funding from Germany and everywhere and expanding to Egypt and many countries.
Just like Mukete broguht MTN to Cameroon, can a PAWCE not bring them to Cameroon and have a small share of the cake instead of reinventing the will or you think it is not possible?.
I import things and my bill of Laden is brought to the door in Bamenda from Canada. It means that delivery of items can be done to individuals also in Cameroon.
Anyway, you are right. That system is not easy.
Regards
Tumasang
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From: PaFruNdeh@YAHOO.COM
Date: Tue, 1 Oct 2013 09:30:21 -0700
Subject: [camnetwork] Re: [cameroon_politics] @ Pa Fru: Nigeria's online retail market expands as Jumia raises $35m
Jumia, an online retailer in Nigeria, has raised $35 million in fresh funding from Millicom to expand its domestic market and move into a new 90,000 square foot warehouse located in Lagos, according to a report on Monday.
According to a report by Euromonitor International, a global market research organisation, Nigerians spent N62.4 billion shopping online in 2011, up from N49.9 billion in 2010. This represents a 25 percent growth rate in one year.
This growth is an indication of the potentials in e-commerce. Jumia which celebrated its first anniversary yesterday serves over half a million customers in Nigeria to date. The new milestone means that Jumia is now the fourth most visited Nigerian website.
"We started with three employees building up an e-commerce platform in Nigeria," Raphael Afaedor, co-founder of Jumia, was quoted in the report. "Now, we have more than 500 employees and offer Nigerian youths great opportunities to work in one of the leading e-commerce firms in Africa.
"Jumia delivers the widest range of products in the country and our new warehouse allows us to even grow further.
"We focus every day on delivering a fantastic shopping experience for our customers – fast, secure and stress-free."
At least 500 employees will be based at the warehouse in Lagos, although it's not clear if this will consist of new or existing staff. Regardless, the company claims that it will be the largest e-commerce campus in West Africa, which is no small feat. To coincide with its first anniversary, Jumia is also announcing a new partnership with Mastercard, which will enable it to use the company's Internet Gateway Service to make credit card payments safer and easier for its users.
Jumia is also entering exclusive partnerships with high-profile technology companies such as Dell, Intel and Nokia, which will give the retailer access to exclusive products and some knock-down prices. Jumia's growth over the last year highlights the increasing demand for robust e-commerce options in the region. The company is celebrating the one-year milestone with an electronic commerce conference, a number of special fashion events and all sorts of changes to its website, which will include new discounts and product partnerships. The $35 million in funding secured from Millicom will be shared between Jumia and its partners Kaymu, Vamido and Hellofood.
The company was originally launched by Rocket Internet, the German e-commerce startup incubator started by the Samwer brothers. The funding from Millicom is perhaps not surprising, given the company closed a deal last summer which means it can claim 20 percent of two holdings owned by Rocket Internet – Latin America Internet Holdings (LIH) and Africa Internet Holdings (AIH). Outside of Nigeria, Jumia is already active in Egypt and Morocco, and it's likely that expansion will continue with this fresh batch of funding. Alongside Namshi and Zando, Rocket Internet looks dead-set on leading the electronic commerce boom throughout Africa.
thanks for the below mail. Very educative. These Nigerian boys are getting funding from Germany and everywhere and expanding to Egypt and many countries.
Just like Mukete broguht MTN to Cameroon, can a PAWCE not bring them to Cameroon and have a small share of the cake instead of reinventing the will or you think it is not possible?.
I import things and my bill of Laden is brought to the door in Bamenda from Canada. It means that delivery of items can be done to individuals also in Cameroon.
Anyway, you are right. That system is not easy.
Regards
Tumasang
To: cameroon_politics@yahoogroups.com; ambasbay@googlegroups.com; camnetwork@yahoogroups.com
CC: shesa23@yahoogroups.com; cappsa@yahoogroups.com; globalcameroun@yahoogroups.com; shesadc@yahoogroups.com; shesausa@yahoogroups.com; camerdba@yahoogroups.com; boba-list@yahoogroups.com
From: PaFruNdeh@YAHOO.COM
Date: Tue, 1 Oct 2013 09:30:21 -0700
Subject: [camnetwork] Re: [cameroon_politics] @ Pa Fru: Nigeria's online retail market expands as Jumia raises $35m
Dr Martin Tumasang,
My SAHECO classmate - Azieh - whom I can write proudly about left Silicon Valley and relocated to Cameroon. During the A'Levels, he had an A in Further Mathematics and another A in Physics at least!!!!!!!!!!!!!!!!!!!!!!!!!! In the early 2000's he was at the cutting or bleeding edge of C++ hyper threading programming on the web. Their company in Silicon Valley enabled watching of movies online, almost among the first five who did so, when bandwidth was still so scarce and fibre optic was not yet prevalent in the USA. He relocated to Cameroon sometime around 2006 or so. He started a newspaper, online BUYAM SELLAM, and pharmaceutical and medical online help/work. The CAMEROON system has rendered this would-be billionaire like your favourite Nigerians below, a pauper and he can hardly speak of even 2million francs per month today. That country CAMEROON is where HEROS go to die!!! We have been far ahead of Nigeria when it comes to COMPUTING. That is a fact! But the authorities there act like ostriches, so we sell how BRAIN POWER abroad.
When a PAAWCE is PRESIDENT OF THE REPUBLIC, Cameroon shall usher into a true/real 21st century nation.
Bring on more and I will tell you more, brother!
Blessed Be Cameroon
Pa Fru Ndeh
Pa Fru Ndeh
From: Tumasang Martin <tumasangm@hotmail.com>
To: "ambasbay@googlegroups.com" <ambasbay@googlegroups.com>; "camnetwork@yahoogroups.com" <camnetwork@yahoogroups.com>; "cameroon_politics@yahoogroups.com" <cameroon_politics@yahoogroups.com>
Sent: Tuesday, October 1, 2013 12:13 PM
Subject: [cameroon_politics] @ Pa Fru: Nigeria's online retail market expands as Jumia raises $35m
To: "ambasbay@googlegroups.com" <ambasbay@googlegroups.com>; "camnetwork@yahoogroups.com" <camnetwork@yahoogroups.com>; "cameroon_politics@yahoogroups.com" <cameroon_politics@yahoogroups.com>
Sent: Tuesday, October 1, 2013 12:13 PM
Subject: [cameroon_politics] @ Pa Fru: Nigeria's online retail market expands as Jumia raises $35m
@Pa Fru: please comment if this can work in Cameroon or Cameroun market too small to sustain it?. The growth in one year might be an indication that this is possible in a place like Cameroon.
Nigeria's online retail market expands as Jumia raises $35m
There is a flurry of activities in Nigeria's online retail markets in the mould of new investment drive, strategic partnerships, all geared towards taking advantage of the country's budding middle class and massive online population (45 million internet users).Jumia, an online retailer in Nigeria, has raised $35 million in fresh funding from Millicom to expand its domestic market and move into a new 90,000 square foot warehouse located in Lagos, according to a report on Monday.
According to a report by Euromonitor International, a global market research organisation, Nigerians spent N62.4 billion shopping online in 2011, up from N49.9 billion in 2010. This represents a 25 percent growth rate in one year.
This growth is an indication of the potentials in e-commerce. Jumia which celebrated its first anniversary yesterday serves over half a million customers in Nigeria to date. The new milestone means that Jumia is now the fourth most visited Nigerian website.
"We started with three employees building up an e-commerce platform in Nigeria," Raphael Afaedor, co-founder of Jumia, was quoted in the report. "Now, we have more than 500 employees and offer Nigerian youths great opportunities to work in one of the leading e-commerce firms in Africa.
"Jumia delivers the widest range of products in the country and our new warehouse allows us to even grow further.
"We focus every day on delivering a fantastic shopping experience for our customers – fast, secure and stress-free."
At least 500 employees will be based at the warehouse in Lagos, although it's not clear if this will consist of new or existing staff. Regardless, the company claims that it will be the largest e-commerce campus in West Africa, which is no small feat. To coincide with its first anniversary, Jumia is also announcing a new partnership with Mastercard, which will enable it to use the company's Internet Gateway Service to make credit card payments safer and easier for its users.
Jumia is also entering exclusive partnerships with high-profile technology companies such as Dell, Intel and Nokia, which will give the retailer access to exclusive products and some knock-down prices. Jumia's growth over the last year highlights the increasing demand for robust e-commerce options in the region. The company is celebrating the one-year milestone with an electronic commerce conference, a number of special fashion events and all sorts of changes to its website, which will include new discounts and product partnerships. The $35 million in funding secured from Millicom will be shared between Jumia and its partners Kaymu, Vamido and Hellofood.
The company was originally launched by Rocket Internet, the German e-commerce startup incubator started by the Samwer brothers. The funding from Millicom is perhaps not surprising, given the company closed a deal last summer which means it can claim 20 percent of two holdings owned by Rocket Internet – Latin America Internet Holdings (LIH) and Africa Internet Holdings (AIH). Outside of Nigeria, Jumia is already active in Egypt and Morocco, and it's likely that expansion will continue with this fresh batch of funding. Alongside Namshi and Zando, Rocket Internet looks dead-set on leading the electronic commerce boom throughout Africa.
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