The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Africa-focused e-commerce giant Jumia, commonly called “Africa’s Amazon”, plans to invest over $590 million in Egypt and other African countries starting this year, CEO Hesham Safwat told Egyptian media platform, Enterprise.
Safwat didn’t elaborate on what portion of the funds would be directed towards Egypt, but said that it is “one of the top countries we’re focusing on,” adding that Jumia Egypt will focus on investing in digital payments and other online services, including Jumia Mall and Jumia Food.
Jumia Egypt will increase its total number of pickup stations to 200 this July and increase its last-mile delivery stations by 40 percent. Other plans include increasing its warehouses and delivery capacity to improve its next-day delivery service.
This week’s round-up of global markets fashion business news also features Latin American mall giants, Nigerian craft entrepreneurs and the mixed picture of China’s luxury market.
Resourceful leaders are turning to creative contingency plans in the face of a national energy crisis, crumbling infrastructure, economic stagnation and social unrest.
This week’s round-up of global markets fashion business news also features the China Duty Free Group, Uniqlo’s Japanese owner and a pan-African e-commerce platform in Côte d’Ivoire.
Affluent members of the Indian diaspora are underserved by fashion retailers, but dedicated e-commerce sites are not a silver bullet for Indian designers aiming to reach them.