Skip to main content

Livestream shopping coming to Africa

 


There are times you order an item online but what the vendor sends to you is different from what you ordered. This challenge might soon be over as a new livestream shopping platform comes to Africa.

ShopEX TV operator Response Architects has made an exclusive agreement with Alibaba Cloud to launch a live stream shopping platform, Penda. It will be launched in major African markets like Nigeria, Ghana, and Kenya.

Penda will provide an end-to-end payment and fulfilment solution for vendors’ live streaming across Africa.

Livestream shopping involves retailers hosting livestream events online to launch products, demonstrate how a product works and interact with customers in real time. Think of it as an auction.

It has grown into a significantly profitable industry in many parts of the world. In China, Alibaba’s Taobao Livestream registered 300 million users in 2021 and generated over $323 billion in gross merchandise value.

In teleshopping, the seller displays a short advertising film demonstrating how the product works on a television channel, along with phone numbers you can call to place an order.

Due to the success of teleshopping service ShopEX in Nigeria, the two collaborators Response Architects and Alibaba Cloud think livestream shopping will be a big hit on the continent.

ShopEX partners with Channels TV, TVC, EbonyLife TV, and SilverbirdTV. In livestream shopping, anyone with a mobile device is a potential customer.

How it works 

The livestream shopping platform Penda will enable retailers to create and host their own livestream events to launch products, feature demos, and interact with customers in real time. It will also ensure that people can buy and pay for the goods or service without leaving the livestream or app.

According to the collaborators, Penda will help retailers with store set-up, payment, fulfilment, inventory management, and analytics. It will also give them access to finance to source and ship products from manufacturers and suppliers in China.

Comments

Popular posts from this blog

MTN Ghana & MTN MoMo CEOs win laurels at Ghana CEO Awards

  The Chief Executive Officer of MTN Ghana, Selorm Adadevoh ,   has been adjudged  CEO of the Year  –  Telecom  at the  2 nd  edition of the  Ghana CEO  Vision  and  Awards   held  in Accra. At the same event, the CEO of Mobile Money Limited (MTN MoMo), Shaibu Haruna was also adjudged CEO of the Year – FinTech Service Provider. Selorm  Adadevoh’s award  is in recognition  of  his   achievements   in the areas of   sustainability, leadership excellence, innovation and others  in the telecoms space  which  has contributed to  job creation to support the  growth of Ghana’s economy. Patrick Afari (r), General Manager, Supply Chain Management and General Services receiving CEO of the Year – Telecom Award on behalf of Selorm Adadevoh Receiving the award on behalf of Selorm, Patrick Afari, General Manager, Supply Chain Management and General Services ,  expressed appreciation to the organizers for the award. He  noted that  th e  award will go a long way to inspire MTN to do more for Ghanaian

EB-ACCION DISBURSES US$15 MILLION

By Fred SARPONG Ecobank-Accion (EB-Accion), a partnership between Ecobank Ghana Limited and Accion International has disbursed amount to the tune of $15 million to over 36,000 borrowers in Micro, Small and Medium Enterprises (MSMEs) sector in the country, since the institution was set up barely six months ago. Frances Adu-Mantey, the Managing Director of EB-Accion disclosed this to Business Week in Accra last week during the official opening of Accion Hub headquarters in Africa. The institution’s current portfolio stands at GH¢4 million. She stated that currently, EB-Accion have over 6100 customers who save with them throughout the four branches of the institution. According to her, in order to improve the services of the institution, Ecobank Share Services center will facilitate the technology aspect of the bank by networking all the branches of EB-Accion. Maria Otero, President and Chief Executive Officer of Accion International said that the center’s staff in Accra will provide supp

Amantin & Kasei Community Bank posts impressive growth, with over GH¢1m profit

 Amantin and Kasei Community Bank, at Amantin in the Bono East Region has posted impressive growth in all the performance indicators during 2022 financial year under review. The bank recorded profit after tax of GH¢1,055,662, representing 35.66% more over the 2021 figure of GH¢778.151. This achievement stemmed out of 49.24% gross income growth from GH¢8,143,526 to GH¢12,153,537. Total deposits of the bank went up by 36.20%, changing from GH¢50,959,848 in 2021 to GH¢69,405,591 in 2022. The bank increased loans and advances by 22.15% from GH¢14,128,017 to GH¢17,257,614. Total assets showed an appreciation of 29.32%, amounting to GH¢77,918,288 as against GH¢60,250,693 in the previous year. On the other hand, the bank posted a marginal increase in short term investments portfolio from GH¢24,439,761 to GH¢26,585,698, indicating 8.78% change. The Chairman of Board of Directors, Amantin and Kasei Community Bank, Dr. John Oduro-Boateng, disclosed this during the 18th annual general meeting of