• Saturday , 10 December 2016

Cashback News – Jan 8: Africa ecommerce and technology marketplace overview

Africa 2Today, we’re shining a light on e-commerce, online retail and technology developments in the dark continent. While that usually means South Africa, there are some innovators in other countries that we’ll also highlight in today’s post. Disrupt Africa takes a look at 12 African startups to watch in 2016 as well as seven predictions for the tech startup space. Eight African startups were named among the 2015 Nominet Trust 100 (NT100), a global celebration of inspiring uses of digital technology for social good. Keet van Zyl reflects on 10 defining tech startup moments in 2016.

uAfrica announced the top 50 ecommerce sites for the 2015 eCommerce Awards. VentureBurn looked at the biggest challenges for e-commerce in South Africa. With startups like NomaniniM-Kopa and Off Grid Electric, will 2016 be the year of mobile in Africa? A Global e-Commerce Logistics 2015 report highlights the challenges of logistics for e-commerce companies in Africa. Supermart.ng CEO Raphael Afaedor shares his perspective on the state of Nigeria‘s ecommerce marketplace.

12 African startups to watch in 2016

http://disrupt-africa.com/2016/01/12-african-startups-to-watch-in-2016/2015 has been a busy year in Africa’s tech startup ecosystem, with startups launching, raising funding, getting acquired, or closing down, on a daily basis. Of the startups just setting out on their journey, some have lingered on our mind.

So here, meet the 12 emerging African tech startups we at Disrupt Africa will be watching in 2016. We expect exciting things. Via disrupt-africa.com

7 predictions for the African tech startup space in 2016

Disrupt AfricaSo the dust has settled on 2015, a stellar year in the development of the African tech startup sector. The amount of funding available on the continent grew substantially, while there were major developments in hubs and incubators, e-commerce, fintech and government support for the sector.

So what will 2016 hold for the startup ecosystem on the continent? We look ahead to the next 12 months and speculate on how the scene will develop. Via disrupt-africa.com

African startups named among 100 most inspiring uses of tech

http://disrupt-africa.com/2015/12/african-startups-named-among-100-most-inspiring-uses-of-tech/Eight African startups and organisations have been named among the 2015 Nominet Trust 100 (NT100), a global celebration of the most inspiring uses of digital technology for social good. Included among the African startups selected are Rwanda’s motorcycle taxi-hailing app SafeMotos, Kenyan pay-as-you-go solar provider M-KOPA Solar, Kenyan maternal health startup Totohealth and Cameroonian mobile health platform GiftedMom.

The other African organisations selected were Botswana Innovation Hub, women in tech support organisation AkiraChix, Cameroonian medical tablet CardioPad, and Ghanaian agricultural communication tool Esoko. Complied each year, the 2015 NT100 was put together from a combination of over 500 public nominations and in-house research, which produced a shortlist of 150 projects. Via disrupt-africa.com

10 Defining Moments That Shaped the 2015 South African Startup Ecosystem

Africa2015 was a year of grinding it out and building momentum… More and more investors, business accelerators and corporate venturers are embracing South African innovations. These are some of the defining moments that shaped the South African entrepreneurship ecosystem in 2015 that stood out for me….

Apart from success stories in the making that will unfold in early 2016, the year is starting off with a bang! Global mentorship-driven startup accelerator Techstars is expanding their partnership with Barclays to launch a new FinTech accelerator programme in Cape Town. Following on from the success of Tech Lab Africa, the Barclays Techstars Accelerator will focus on financial technology startups that are trying to innovate and disrupt the banking industry. More validation that credible international investors and entrepreneurship development programmes are looking to get involved in the vibrant South African startup ecosystem.

2016 is well teed up for startup success. Let’s build on the momentum created, collaborate, learn, innovate, fail, iterate, invest, bootstrap, accelerate, exit, have fun, make money and create an impact. All hail the underdogs! Via medium.com

50 of South Africa’s top ecommerce sites

http://ventureburn.com/2015/08/50-south-africas-top-ecommerce-sites/South African ecommerce technology provider uAfrica has announced the top 50 ecommerce sites for the 2015 eCommerce Awards.

According to a press release sent to Ventureburn, the top 50 sites were whittled down from 200 entrants, with the sites evaluated on aspects such as design, mobile functionality, checkout process, customer care and delivery, amongst others. The awards, now in their 10th year, aim to “recognise and reward those South African websites that have demonstrated excellence in their use of the Internet as a platform for commerce”. Via ventureburn.com

Ecommerce in South Africa a growing movement

http://ventureburn.com/2015/11/ecommerce-south-africa-growing-movement/Ecommerce in South Africa faces many challenges. From the consumer perspective, these include reluctance to pay delivery costs, confusion around payment and the need for a credit card, security, and the ability to return items or get money refunded.

The reality from the ecommerce providers’ perspective is that many of their sites are inadequate in addressing these issues, but also add the burden of poor usability. Given that many major retailers haven’t yet gotten this right, there is little example for small business owners and entrepreneurs to follow.

And even in the cases where a good example exists, the barriers to entry from a skills perspective are huge. In an economy that, with few exceptions, follows the tech trends of developed countries and with consumers demonstrating readiness for ecommerce solutions, it is time that we changed that. Via ventureburn.com

The year of mobile? 9 of Africa’s most exciting startup investments of 2015

http://ventureburn.com/2015/12/the-year-of-mobile-9-of-africas-most-exciting-startup-investments-of-2015/If you ever doubted the significance of mobile innovations in Africa, then this year’s developments are likely change your mind once and for all. Not only has 2015 been a good year for investments in startups across the continent (the most we’ve seen in South Africa thus far), millions of dollars are flowing towards mobile innovations. From micro-jobbing platforms to peer-to-peer payment solutions, more and more investors are growing confident in the potential of the many interesting mobile solutions Africa has to offer.

But apart from smartphone applications, companies like M-Kopa and Off Grid Electric are fast growing in popularity. With mobile pay-as-you-go or micro leasing solar solutions, these companies can reach households lacking basic infrastructures. And then there is South Africa’s Nomanini, which is behind an innovative mobile PoS device that enables micro enterprises around the continent to sell prepaid vouchers such as airtime, electricity and water. We’ll probably never know about all the deals done around the continent, but Ventureburn still thought it a good idea to round-up some of this year’s most exciting tech startup investments in Africa. Via ventureburn.com

Ecommerce in Africa and Asia: How start-ups can benefit from tomorrow’s emerging markets

http://www.ibtimes.co.uk/ecommerce-africa-asia-how-start-ups-can-benefit-tomorrows-emerging-markets-1534827If you ever doubted the significance of mobile innovations in Africa, then this year’s developments are likely change your mind once and for all. Not only has 2015 been a good year for investments in startups across the continent (the most we’ve seen in South Africa thus far), millions of dollars are flowing towards mobile innovations. From micro-jobbing platforms to peer-to-peer payment solutions, more and more investors are growing confident in the potential of the many interesting mobile solutions Africa has to offer.

But apart from smartphone applications, companies like M-Kopa and Off Grid Electric are fast growing in popularity. With mobile pay-as-you-go or micro leasing solar solutions, these companies can reach households lacking basic infrastructures. And then there is South Africa’s Nomanini, which is behind an innovative mobile PoS device that enables micro enterprises around the continent to sell prepaid vouchers such as airtime, electricity and water. Via ibtimes.co.uk

e-Commerce in Africa on the rise

http://newbusinessethiopia.com/index.php/resource/129-technology/820/820As e-commerce continues to gain popularity across the African continent, more effort needs to be paid towards facilitating flawless delivery to customers. This is further supported by the Global e-Commerce Logistics 2015 report which reveals that e-commerce logistics is rapidly changing to keep pace with this quickly evolving market.

This is according to Sumesh Rahavendra, Head of Sales for DHL Express Sub Saharan Africa, who says that the delivery of goods purchased online is one of the most important elements to a customer’s e-tailing experience, and yet is often overlooked by retailers. A recent report by McKinsey & Company(2) revealed that e-commerce could account for 10% of retail sales in the African continent’s largest economies by 2025.The birth of e-commerce is revolutionizing local logistics practices and physical distribution networks. Via newbusinessethiopia.com

CEO of Supermart.ng Raphael Afaedor on the state of Nigeria’s ecommerce

http://ventureburn.com/2015/11/ceo-of-supermart-ng-raphael-afaedor-on-the-state-of-nigerias-ecommerce/“We’ve added the local market — now you can buy assorted meats, vegetables, all of these can be bought online. As we add these things, the volumes keep growing and more people keep buying. All of that is leading us aggressively to profitability. What we are going to do next is to ensure that all markets in Lagos are on our platform such that when you are shopping, you are literally shopping from everywhere,” Afaedor said.

Even though he wouldn’t reveal how much the company has raised so far and the names of the local and foreign investors, he openly admitted that Supermart.ng is not yet making a profit. “Supermart is not profitable now but we are moving very steadily on the path to profitability,” he shared. “We expect to achieve profitability within the next 18 months. You can’t build an ecommerce business of that scale and make it profitable in one year. It is almost impossible.” Via ventureburn.com

Africa opportunity ahead?

Africa is a fast growing, developing market with some fascinating pockets of innovation, big logistics challenges and opportunities for growth. We’ll regularly profile e-commerce, cashback, mobile and online retail developments during the year.

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