DHL aims to tap into intra-Africa trade

AFRICA – The federal government of German has partnered with global logistics firm, Deutsche Post DHL Group to moot an e-commerce platform that will facilitate cross border trade in Africa. The US$38 million digitisation drive will reduce manual customs and trade processes in favour of digital clearance protocol running in tandem with an e-commerce platform thereby helping to promote a bulk goods movement regime thereby promoting low-emission logistics in cities. The co-operation signed by the German economic co-operation and development federal ministry and DHL seeks to restore supply chains adversely…

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Jumia records drop in revenues despite increased activity during COVID-19 period

NIGERIA – Africa focused e-commerce group Jumia has recorded a 10% drop in revenues in the second quarter despite the company recording increased business activity during the COVID-19 pandemic. The dismal performance by the e-commerce group has dashed investor hopes that lockdowns aimed at stemming the spread of the new coronavirus would lead to a flood of online orders. Despite of its less than satisfying results, the loss-making company which highlighted an 8% rise in orders, expressed confidence through its co-CEO that the ongoing cost cuts pointed to a path…

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