With the advent of ecommerce, spending a $1 million has been made easier. With a click on your smartphone millions can be purchased. Whether it’s e-commerce or m-commerce, the industry has proven to be a multi-billion dollar venture. Africa has not been left out. Recently,the retail industry in Africa – Nigeria in particular – has seen tremendous growth, and its combined spending power has been said to reach an all time high of $1.3 trillion by 2030.
With the advent of ecommerce, spending a $1 million has been made easier. With a click on your smartphone millions can be purchased. Whether it’s e-commerce or m-commerce, the industry has proven to be a multi-billion dollar venture. Africa has not been left out. Recently,the retail industry in Africa – Nigeria in particular – has seen tremendous growth, and its combined spending power has been said to reach an all time high of $1.3 trillion by 2030. Below are the list
Considered Africa’s biggest online retailer, with outlets also in Egypt, Cote d’Ivoire, Kenya and Moroccco, Jumia.com has grown into the most popular online shop in Nigeria. Backed by foreign investment worth over $60 million, it deals in almost any sort of products ranging from Electronics to fashion and households and has come into partnership with top brands like Samsung, Apple, HP, Blackberry and Nokia to ensure in-time inventory restocking and provide customers with unbeatable deals. Formerly, Kasuwa, the orange-color-themed website offers reliable payment system a pay on delivery service where customers can afford to pay cash on their doorstep. Its rapid rise to commercial prominence is reflected on its quick climb to becoming the 5th local content website in Nigeria.
Nigeria’s very own E-bay, Kaymu is an online marketplace that gives nationwide exposure to independent retailers, using a fixed price or auction bid process. On Kaymu, a registered seller can list almost any item from smart phones to laptop accessories, books to rare coins. He/she can then choose to accept only bids – usually lasting few days – for the item (an auction-type listing) or offer the “Fixed price” option, which allows buyers to purchase the item right away at the set price.
Nigeria’s online Megastore was “borne out of the desire to deliver with speed and precision so that you would never have to worry about accessing your needs and wants at your convenience.” It owns large warehouses stocked up with goods and strategically located in Key cities such as Lagos, the capital Abuja, and Portharcourt to ensure swift and efficient delivery. ‘Making shopping simpler’, Konga offers wide range of products from computers to mobile phones, clothing and households, books and stationery, satisfying a larger group of consumers. Konga is the highest ranked ecommerce website in Nigeria by alexa, signifying its growing presence and rapid growth in customer patronage.
The country’s leading online travel agency. Launched in 2008 to “bridge the gap and inefficiencies in Nigeria’s online travel space”, Wakanow offers Nigerians up-to-date local and international travel information including flight plans and deals, hotels reservations and airport pick-ups. It recently added to its services visa procurement, thereby offering a robust and encompassing package for its customers. It partners foreign travel agencies to deliver unique vacation holiday packages. It was ranked by All World Network as the 5th fastest growing company in the country during the [email protected] awards.
Launched in March 2011, DealDey features a daily deal on the best things to do, see, eat, and buy in Lagos and Abuja. It offers fantastic deals on great experiences. With an estimated 15,000 discounted deals so far on a range of products and services in restaurants, spas, as well as retail shops, and currently partnering over 1,600 merchants (up from 245 merchants one year ago) and over 88,000 purchases (up from 6,000 a year ago), the service is one of the fastest growing e-commerce platforms in Nigeria. According to DealDey, its vision is to create a mutually beneficial environment for local merchants who are looking to attract new customers, and consumers who want to save money by seeking fantastic service bargains.
Olx is an online site thought to be the next generation’s free online classifieds. It doesn’t follow the conventional online stores, instead offering an information filled environment for both buyers and sellers to interact and transact. On olx.com.ng, sellers can design, display and post ads under the specified categories to which it belongs (a seller can place an Ad for a car under Automobiles category). The categorizing of ads gives the online market a structured design making it faster to locate products of interest.
Private Property focuses on providing a platform for property business activities. It gives buyers and prospective tenants an easier and more convenient medium of finding properties for sale and to rent, providing well detailed information to make a buying or renting decision. As well as private listings, selected estate agents also offer sales and rent information on properties, giving buyers and tenant an even wider range of property choice, while providing the agents an easy advertising platform.