Micro, Small & Medium Scale Enterprises: GET ONLINE!

Modern business, and therefore “successful” modern business must be anchored on the proper use and exploitation of available technology, most especially the internet (online). It is the leveler which helps transcend the “brick and mortar” advantage of times past, allowing creative and innovative entrepreneurs compete with much bigger players on a scale otherwise unattainable.

And so on to today’s concept in particular,  one which we completely believe ALL startups and entrepreneurs will do well to embrace in order to truly “make it” in today’s business environment; that concept is e-commerce.

Over the next few weeks we will present some of the most interesting stories from around the country and beyond about entrepreneurs who have utilized the power of e-commerce and the internet to radically alter their business paths for the better. And before we start to think “e-commerce doesn’t really apply to my industry”, it is interesting to note that e-commerce can in fact enhance businesses across all sectors.

Admittedly, some of us are getting on the bandwagon a little late in the day, but only stop to think about the head start the likes of First Bank, Union Bank and UBA Plc had on the GTBanks of this world and then realize that it’s not always how fast or early, but indeed how well.

And so, part of our self-appointed mandate on ekoconnect.net, is to get as many members and patrons as possible, online and “connected”. We will provide necessary advice based on business size and industry, and help to ensure that business spend is fully optimized.

– iam@ekoconnect.net

– nedJamez


E-commerce & The African Entrepreneur

E-commerce in Africa is going to be a “game changer”, according to Ashish J. Thakkar, founder of the Mara Group.

During a panel discussion titled ‘Why Africa, why now?’ at the “Investing in African Mining, Indaba in Cape Town, February 2015, Thakkar argued e-commerce is going to solve problems consumers face with accessing traditional brick and mortar retail in African cities. “Africa is going to leapfrog in the whole e-commerce play”, he explained.

Tonye Cole, CEO of Nigeria-based Sahara Group, added that a couple of years ago no one would have believed Jumia and Konga (two of the top online retailers in Nigeria today) would ever take off.

“And all of a sudden, e-commerce is just exploding. Everybody said it can’t happen, and then they find out that not only is it happening, it’s happening beyond imagination. And that’s the beauty about Africa.”



African solutions for its problems

Also on the panel was Robert Hersov, founder and CEO of Invest Africa, who has high hopes for online shopping on the continent as well. “I’m invested heavily in that area.”

He added: e-commerce will inspire African solutions for African problems, and it will happen quickly.

“M-Pesa is a pure African solution to resolve the issue of limited banking penetration. The same will happen in e-commerce. People say to me: ‘But the postal system doesn’t work, how will you deliver the products?’ Wait and see. There will be African solutions – overnight – to deliver products to rural areas, maybe piggybacking on existing systems of other products.”

According to a report released in November 2013 by McKinsey & Company, e-commerce will open up a new shopping experience for Africa’s growing middle class over the next decade.

“By 2025, it could account for 10% of retail sales in the continent’s largest economies, which will translate into some US$75bn in annual revenue,” stated the report.

Source: https://www.facebook.com/mara.group/posts/858109537564309


Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x