Author: 198 Nigeria News

  • Amazon puts Jumia, Konga on notice as it sets April 2023 launch in Nigeria

    Amazon puts Jumia, Konga on notice as it sets April 2023 launch in Nigeria

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    Amazon, American multinational technology, is set to disrupt the Nigeria e-commerce market as it plans to launch in April 2023 competing with Konga, Jumia and others in the e-commerce space.

    The company will be expanding to five countries across Africa, Europe, and South America while maintaining its base in the United States. The five countries are Belgium, Chile, Colombia, Nigeria, and South Africa.

    According to Stanley Awelewa, Advanced seller key account manager at Jumia said, “Amazon is a big player with a very big budget so their market entry will definitely disrupt all existing players as they will need to step up. Some may be acquired by Amazon.”

    He added the other e-commerce needs to consolidate what is winning and capitalize on their 10 years of market journey experience to offer value delivery to customers. The biggest problem with e-commerce is logistics.

    Amazon’s revenue for the quarter ending March 31, 2022, was $116.444 billion, a 7.3 percent increase year over year. Amazon revenue for the twelve months ending March 31, 2022, was $477.748 billion, a 13.99 percent increase year over year. Amazon’s annual revenue for 2021 was $469.822 billion, a 21.7% increase from 2020. Amazon’s annual revenue for 2020 was $386.064 billion, a 37.62% increase from 2019 according to macrotrend.

    Following the state, it is clear that Amazon’s entry into the country will put some businesses under pressure.

    Amazon is a web services business like Jumia, Konga, and Jiji, that sells housewares, electronics, books, music, movies, housewares, electronics, toys, and many other goods, either directly or as the middleman between other retailers.

    Report shows that the likes of Jumia, Konga, Jiji ruling the e-commerce industry in Nigeria has dominated the market with a larger customer and vendor base, Amazon entering the country will give the e-commerce sector a lot of competition.

    Read also: FG partners Amazon Prime Video to boost local content in movie industry

    “Amazon will not enjoy wide patronage because there are existing local companies. There is this reserved and divine likeness and interest Nigerians have for anything foreign and beyond that but Amazon is a big name who wouldn’t want to associate with a big name to enjoy safety, trust and seamless operations,” Temilowu Olowoyo, Legal practitioner, said.

    He said Amazon still has a lot of work to do because certain e-commerce businesses currently operate in Nigeria and are familiar with the legal framework, giving them an opportunity to compete with Amazon.

    Data shows that through technological innovation and broad distribution, Amazon has earned a reputation for upsetting well-established industries. In terms of revenue and market share as of 2021, it is the biggest online retailer and marketplace worldwide and has a track record of raking up significant market shares in new markets it has launched, but there is usually an end goal.

    According to a report by Nairametrics, Jumia is currently the clear leader in terms of Gross Merchandise Value (GMV).

    Meanwhile, in 2019, Konga reported having achieved an increase in turnover by over 800 per cent, and a huge reduction in losses over the past 18 months of acquisition.

    The company has doubled down on its Pay on Delivery (POD) option, extending the service to more cities across Nigeria after initially scaling back on it after the acquisition.

    Babatope Makun, group chief financial officer at Konga, said ecommerce in Nigeria will be impacted by Amazon’s arrival. However, since the information regarding Amazon’s arrival is still not clear as to which of their services they will launch first. If starting with Amazon Web Services and possibly Amazon Prime, there won’t be much of an effect on online commerce.

    “The issue with e-commerce is not seeing other e-commerce companies as competitors; rather, it is all of the other supporting institutional, infrastructural, and operational requirements that are negatively impacting e-commerce, as well as all other businesses in Nigeria” he added.

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  • Africa: It’s Our Responsibility to End the World’s Oldest Pandemic

    Africa: It’s Our Responsibility to End the World’s Oldest Pandemic

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    The Stop TB Partnership has launched a detailed strategy to finally put an end to the world’s oldest pandemic.

    The Global Plan to End TB 2023-2030 lists priorities and estimated funding needed to end TB as a global health threat by 2030 through early diagnosis and treatment, the development, approval and distribution of a new TB vaccine; and the redoubling of efforts so that emerging crises or conflicts do not derail TB programmes.

    According to Dr. Lucica Ditiu, the executive director at the Stop TB Partnership, ending TB by 2030 is a sustainable development goal and it’s our responsibility as humans to be able to end TB. She says the plan is to bring it down to a level that can be controlled – which is an average of around 10 per hundred thousand globally by 2030.

    “Covid-19 was not nice to human beings, it was not nice to the TB response, and unfortunately we saw our efforts being pushed back. Due to the fact that a lot of the TB platforms, doctors, hospitals, diagnoses were transferred for Covid-19 and due to all the measures that were taking place to fight the pandemic, however, countries are making a fantastic efforts and we observe that almost everywhere, there is recovery of what was lost during Covid-19 and more than that going in full speed towards ending TB.

    “To end TB we don’t need only the efforts, we don’t need only the attention, we need the tools and we need the resources and this global plan speaks about what is needed … but also at what price, it has a big price tag to end TB by 2030 but also, I really invite you to take a look over the return of investment. It’s a fantastic return for every single dollar invested in the TB response can go up to U.S.$40 as a return … not only in health but in general,” Ditiu says.

    According to Mansukh Mandaviya, minister of health and family welfare for the government of India, TB has primarily been a disease of poverty. Developed countries are almost eliminating the disease and the real challenge is in developing countries, where due priority is still not given. It kills more than 4,100 people every day globally.

    “This global plan projects that between 2023 and 2030 to reach end tuberculosis targets globally, U.S.$250 billion will be required from all sources, including governments, bilateral and multilateral donors, philanthropy, the private sectors and innovative sources of financing. It is estimated that implementing the priority actions recommended by the global plan would deliver a return of U.S$40 for every dollar invested. Delaying or failing to implement the Global Fund will result in an immense human and economic loss,” says Mandaviya.

    According to Dr. Paula Fujiwara, a moderator at the Global Plan Task Force, if the delineated priority actions in the global plan are adhered to, it is feasible to reduce annual TB deaths by 90% and treat 50 billion people for tuberculosis, including children and those with drug-resistant tuberculosis by 2030. She says the plan emphasises priority actions for each component of the plan – care, prevention, stakeholders and the advocacy opportunities, especially at country level. It highlights the key role of communities and the need for increased investment in their contributions.

    “For the first time, this global plan highlights the call for approving a new vaccine by 2025 with a full country rollout by 2027. This will not only be a treatment intervention, but also a preventive TB prevention measure. There is going to be an emphasis on the spectrum of subclinical tuberculosis beyond the dichotomy of just having TB infection or actually full-blown TB disease and the ways, this can be addressed to identify people along the pathway,” says Fujiwara.

    According to Paul Mahanna, the director at the Office of Infectious Diseases, USAID, Bureau for Global Health, conflicts elsewhere in the world, including Russia’s ongoing invasion of Ukraine will likely exacerbate setbacks by Covid-19 further dimming prospects of reaching the United Nations High Level Meeting on TB global targets by the end of this year.

    “In the wake of these devastating impacts on global TB efforts it is critically important that, as a global community, we anticipate and plan for the actions and resources needed to end TB by 2030. We must work together across sectors including TB survivors and affected communities and mobilize political will, provide to implement innovative financing mechanisms, and increase domestic resources. This plan underscores both the financial needs to end TB and the devastating cost of inaction. We cannot drive change without addressing the significant funding gaps that exist within high TB burden countries that result in lack of access to life-saving services and drive individuals, families and communities further into poverty,” says Mahanna.

    “Currently, almost 30% of funding per TB case comes from out-of-pocket costs, and on average individuals with TB and their households lose 50% of their annual incomes as they suffer from and get treatment for the disease, even in places where TB services are provided free of charge. Our HIV programs have been successful at driving down out-of-pocket costs but people with TB and their families pay eight times more for their diagnosis and treatment than people living with HIV, hampering access to TB diagnosis and treatment and perpetuating poverty among the world’s poorest and most marginalized populations. Addressing these financing gaps will pay off in dividends, it will drive down TB deaths and mitigate contributing co-morbidities and prevent health-driven poverty. It will scale up effective tools that can be used to prevent future airborne pandemics and it will save economies and countries impacted by TB,” Mahanna says.

    It’s important for the Global Plan to End TB to involve civil society so that they can share their voice, their concerns, their practices, their life experience to ensure that those who have the plan can implement it fully and meet the demands on the ground, according to Choub Sok Chamreun, the Executive Director of Khmer HIV/AIDS NGO Alliance (KHANA) and Global Plan Task Force member