What is the largest eCommerce company in Africa?
What is the largest eCommerce company in Africa?
Jumia
Jumia: According to Statista, Jumia received the largest web traffic in 2021 compared to all the other eCommerce platform in Africa. The company’s monthly visits during the period under review was reported at 23.3 million.
Is Africa good for business?
Africa is the most profitable region in the world. The global figure is 7.1%. Examples of companies benefiting from bountiful profits in Africa abound: Sonatrach’s turnover from oil and gas alone was $33.2 billion; MTN Group’s turnover was about $10 billion; and Dangote Group’s turnover was $4.1 billion—all in 2017.
What are the challenges of e-commerce in Africa?
However, substantial barriers to e-commerce development on the continent remain, the most important being cybercrime, a poor legal framework to support e-commerce, and inadequate consumer protection.
How big is e commerce in Africa?
During 2020, the revenue generated by online shopping in Africa was estimated to be around 27.97 billion U.S dollars, an increase of over 6 billion since 2019. According to estimates made by Statista, the e-commerce revenue in Africa will keep increasing between 2021 and 2025.
What is Africa’s main source of income?
Agriculture
Agriculture is Africa’s largest economic sector, representing 15 percent of the continent’s total GDP, or more than $100 billion annually. It is highly concentrated, with Egypt and Nigeria alone accounting for one-third of total agricultural output and the top ten countries generating 75 percent.
What do they trade in Africa?
Much of the intra-African trade consists of consumables—food, drinks, tobacco, sugar, cattle, and meat. The growth of industrialization in some countries, however, has been accompanied by an increase in the trade of durable and nondurable manufactured goods.
Why doing business in Africa is difficult?
Tough government policies and difficult regulatory landscape Across the continent, it can be quite challenging to start a business, enforce contracts, register new property, get regulatory permits, and protect investors.
What is the fastest growing business in Africa?
Agriculture Agriculture is another top fastest growing business in Africa, though it still needs a lot of investment. This sector encompasses the production of agricultural products. Countries like Nigeria and Egypt are known to make up one-third of the continent’s total agricultural economy.
Is eCommerce profitable in Africa?
The revenue generated by online shopping in Africa is estimated to increase significantly in the next years. In 2020, overall revenue was around 21.35 billion U.S. dollars, by 2025 revenue is expected to increase to around 46.1 billion dollars.
Is eCommerce growing in Africa?
What is the future of e-commerce in Africa?
While e-commerce in Africa generates greater consumer gains, the young entrepreneur also benefits from this emerging market. Particularly, it opens the door to new revenue-generating jobs. Although the future of e-commerce in Africa is bright, there are challenges blocking this booming market.
What are the top e-commerce sites in Africa?
Nigeria is the headquarters for the most popular online marketplace in Africa, Jumia, and Konga. South Africa is home to takealot.com, the largest e-commerce platform in the country, while Kilimall was founded in Kenya several years ago.
Which countries in Africa are the most competitive for online shopping?
Through its vast population, Africa has a very large digital audience. This Statista Dossier provides the key information on online shopping in Africa. This study focuses on the whole continent, with particular attention to the most competitive markets: Nigeria, South Africa, Egypt, Morocco, and Kenya.
What are the leading online retail companies in Africa?
In these markets, online retail is booming thanks to several leading companies which operate in many other African countries. e.g. Jumia, Konga, takealot, and Kilimall. Nigeria is the headquarters for the most popular online marketplace in Africa, Jumia, and Konga.