Top 5 biggest eCommerce startups in Africa eCcommerce in Sub-Saharan Africa has been experiencing significant growth in recent times, a positive indicator for stakeholders.
Some of the region’s most successful eCommerce startups are located in Nigeria, South Africa and Kenya.
More growth is expected in the African eCommerce ecosystem, thanks to certain factors that are enabling it.
Note that this list is compiled using latest stats by Statista.
According to California-based mobile marketing analytics firm, AppsFlyer, eCommerce in Sub-Saharan Africa witnessed considerable growth in 2021. There was a 55% increase in online retail spending, even as the volume of downloads and installation of eCommerce apps on Android and iOS also grew, standing at 55% and 32%, respectively.
READ : One of Nigeria’s biggest and oldest construction companies is diversifying into cashew processing; here’s how that is going
These are very interesting indicators for Africa’s rather nascent eCommerce ecosystem. Even more interesting is the fact that the growth trajectory is expected to continue, due to certain factors. According to Statista, some of these factors are: Africa’s tech-savvy young population
Africa’s rapidly growing internet penetration and The availability of widespread digital payment startups that are enabling eCommerce on the continent. It is, perhaps, not very surprisingly that majority of the leading eCommerce companies in Africa are located in some of the continent’s major economies –South Africa, Nigeria and Kenya. Daniel Junowicz, the Regional VP for Europe, Middle East and Africa at Appsflyer, said this during an interview: “Basically, we have seen the growth come in from three main countries in Africa. We’ve seen South Africa growing really nice, Nigeria and Kenya. These three countries are leading the way.” Here are the top 5 biggest eCommerce in Africa according to Statista Let us now take a closer […]
I am a robot. This article is curated from another source (e.g. videos, images, articles, etc.). For the complete article please use the link provided to visit the original source or author. Content from other websites behaves in the exact same way as if the visitor has visited the other website.
Warning: The views and opinions expressed are those of the authors and do not necessarily reflect the official policy or position of MichelPaquin.com.