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Jumia Opens Logistics Service to Third Parties

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jumia logistics

Jumia has announced that its logistics service is now available for use by third parties. Until today, Jumia’s logistics services were reserved for e-commerce and food vendors operating on its marketplace.

Jumia’s logistics services are now open to third party businesses who wish to leverage its network, technology and expertise for last-mile deliveries across 11 countries in Africa.

Senior Vice President Logistics Services at Jumia, Apoorva Kumar, said: “Our technology and last-mile services have a wide coverage that enhances faster turnaround time, reliable handling of products and transparent reporting, all of which have contributed to the success of Jumia, both in urban and rural areas. We are proud to share this technology with a broader set of businesses and give them new opportunities to grow.”

Jumia’s logistics marketplace is uniquely adapted to Africa, based on two main pillars. The first is its proprietary technology which aggregates demand and matches it with supply capacity on the basis of several parameters like quality of service, reachability of network and cost of delivery.

The second pillar is its logistics network, which includes among its physical locations over 20 warehouses (north of 110 000 sqm) and more than 1,300 drop-off stations and pick-up stations, located across Jumia’s 11-country market, including in remote areas.

In 2019, Jumia processed more than 20 million packages, thanks to the seamless integration of more than 300 logistics partners of all sizes. In addition, partnerships with players such as Total, Vivo Energy and Posta Kenya allow for an even wider presence across the 11 countries where Jumia operates on the continent.

“Businesses across the countries are re-examining their costs, especially during COVID-19. For many, logistics is a major cost driver and headache to manage. We have the right infrastructure, people, partnerships and technology required to help third parties and partners solve logistics and marketing challenges. We believe we can provide a better quality of service at a lower cost,” Kumar said.

Over the last few months, Jumia has been successfully piloting its offering with selected clients, from small businesses shipping a few packages every week to larger corporations.

“Our new partnership with Jumia forms an integral part of our strategy to grow our e-commerce sales in the next 5 years. Jumia’s unique ability to handle logistics – order management and processing, shipping and delivery and payments across the country to end-users has opened for us a new way to reach our consumers in a fast efficient and effective manner more so especially during this time of COVID-19 pandemic,” said Joseph Choge, CEO Premier Food Industries Ltd Kenya.

“Jumia is facilitating the deliveries of our ‘Home Card delivery service’ via road and air freight to customers across Nigeria. We see a lot of value in Jumia’s supply chain solution; Technology integration with Jumia ensures close to real-time visibility and a secure last-mile delivery process of card products,” said Temitope Onibaniyi, First City Monument Bank Limited (FCMB) Nigeria.

This move is also a boost for all Jumia Logistics local partners who will be able to drive more volume through the Jumia logistics network.

“We have been Jumia’s logistics partner for many years. Our business has grown into an expansive operation hosting today 25 carriers and about 44 staff spanning multiple cities, all held together by Jumia’s integrated technology.

“We have adapted our business using Jumia’s apps that drive riders’ efficiency and customer experience. We are very pleased to be able to receive more volumes in order to help us gain scale and grow our business,” said Chidi Jud, CEO ACOA Logistics Nigeria.

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German Firm Partners Freddy Hirsch Nigeria to Boost Food Innovation

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Freddy Hirsch Nigeria Boost Food Innovation

By Sodeinde Temidayo David

In a bid to boost food innovation across West Africa, a German-based nutrition supplier, Symrise AG, has partnered with Freddy Hirsch Nigeria, a manufacturer of ingredients.

According to the statement issued today by Symrise AG, the partnership will focus on the development, launch and commercialization of transformational food products, which includes general seasoning, bouillon meat, snacks, and instant noodles.

Freddy Hirsch Nigeria, a leading West African manufacturer of ingredients and flavours, boasts world-class Research, Development, and Application laboratories and manufacturing facilities.

On the other hand, Symrise AG is a global multi-billion-dollar fragrance, care, flavour, and nutrition supplier present in over 100 countries.

According to the Sub Regional Director, Flavour Africa Middle East, Symrise AG, Mr Sofiane Berrahmoune, the company is set to deliver its products and services at a greater speed to market in Africa, and for this reason, has partnered with Freddy Hirsch Nigeria.

Symrise AG spokesperson further stated that the partnership will give the company deeper access to valuable insights about Africa’s food industry.

This follows as increasing urbanization, rising incomes, a growing regional population, and evolving lifestyle changes are driving the African food flavour and enhancer ingredient market and increasing the consumption of processed foods and beverages.

The global flavour and fragrance market is projected to reach $36 billion in 2022 with Africa expected to play one of the biggest growth opportunities.

Also, according to a forecast for the period of 2020 to 2025, the Africa food flavour and enhancer market is foretold to witness a compound annual growth rate CAGR of 5.12 per cent as the continent proved to be a growing market.

Mr Berrahmoune concluded his statement by saying “together, we are stronger than ever, committed to co-create with Freddy Hirsch Nigeria, combining the best of our strengths and leveraging our strong global footprint with our winning local flexibility, market, and consumer understanding.”

Also speaking on the partnership, the Managing Director of Freddy Hirsch Nigeria, Mr Kojo Brifo, expressed that his company is set to achieve its vision of creating authentic African flavours and tastes.

He noted that Freddy Hirsch has invested in a Research, Development, and Application laboratory and a manufacturing facility with world-class quality management systems, in West Africa.

Mr Brifo added that partnership with Symrise AG will provide an acceleration of flavour development across West Africa and will increase the creativity of customized flavours, help our customers attain speed to market, and enhance their operational agility.

Together, Symrise AG and Freddy Hirsch Nigeria are set to position themselves as the leading contributors to the evolution of the food and beverage industry in West Africa and the Middle East.

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Bolt Commences Food Delivery Service in Nigeria

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By Modupe Gbadeyanka

In order to offer good working conditions to food couriers and profit to restaurant partners, a leading ride-hailing platform in Africa, Bolt, has launched a food delivery service.

A statement from the company said the Bolt Food Delivery will offer customers competitively affordable, efficient food delivery service and help to provide easier access to daily essentials.

With over 30 million customers worldwide, Bolt has built its ride-hailing platform efficiently to offer the best service in the sector to drivers and riders, positioning the company as a leader in Nigeria’s mobility sector. The company will now extend its expertise to food delivery to advance the sector with innovation and technology.

“We are excited to launch Bolt Food, which will allow Nigerians to order food from their favourite restaurants and receive it quickly and safely at their home or office,” the Bolt Nigeria’s Country Manager, Mr Femi Akin-Laguda, said.

“Our ride-hailing business is built on efficiency and easing mobility for riders while offering drivers a flexible opportunity to earn more income.

“Bolt is eager to bring this approach to food delivery and ensure that our partner restaurants benefit from our loyal customer base. This is also a way for us to augment the earning opportunities for Nigerians by contributing to the gig economy.

“We will ensure that it is worthwhile for couriers on the platform like drivers have benefited from our ride-hailing platform,” Mr Akin-Laguda concluded.

The entrance of Bolt Food to Nigeria will help restaurants have a broader reach to customers, with Bolt acting as a reliable platform for affordable delivery and efficient service. At the initial stage of the launch, customers can only place food orders from more than 100 restaurants in Lagos Island. Bolt is looking to add new restaurants to the app daily while also expanding to other parts of Lagos soon.

To place an order, users can download the Bolt Food application on their smartphone, with an array of different restaurants and available menu options to choose from. The application also provides customers with various price ranges and an estimated delivery time. Initially payments will be paid by cash, and customers can specify the location for contactless delivery drop-offs upon order arrival.

Bolt Food was first launched in Estonia in August 2019. The service is also available in South Africa, Ghana and Kenya.

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ICAN Rebrands for Greater Dynamism, Deeper Inclusiveness

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ICAN Rebrands

By Aduragbemi Omiyale

For greater dynamism and deeper inclusiveness across generations, the Institute of Chartered Accountants of Nigeria (ICAN) has rebranded with a new corporate logo and visual identity.

At the unveiling of the new logo and identity at an event held on Wednesday at the Oriental Hotel, Lagos, the leading umbrella body of the accounting profession in Africa disclosed that the transformation signifies its leadership, resilience, indelible footprints, growth and dynamism.

Business Post gathered that ICAN, with this new beginning, has pledged its unwavering commitment to members and other stakeholders with a greater positive impact towards nation-building.

The institute said it was poised to promote professional excellence, deepen its advocacy and facilitate accountability and transparency across the economy.

Explaining the choices of the colours and the new identity, ICAN said the predominantly blue colour in the new logo evokes professionalism, trust, reliability, stability, depth, benevolence and vibrancy of the organisation.

It further said the green stripe at the bottom represents vitality, freshness, growth and youthfulness while the two white stripes evoke a feeling of dynamism, integrity, transparency and new roads leading to new places and horizons.

The new identity in alignment with global trends is modern, innovative and professional. It is designed to work effortlessly across digital and physical channels.

Speaking at the unveiling ceremony, the Deputy Governor of Lagos State, Mr Obafemi Hamzat, commended the leadership of ICAN on the rebirth while acknowledging the contributions of the institute and accounting professionals in national development.

According to him, “ICAN is maintaining its leadership in the profession and adapting equally well to the global disruptions, even coming out stronger and youthful.”

In her speech, the president of ICAN, Ms Comfort Olu Eyitayo, stated said, “Today marks a new beginning as we consolidate the immense contributions of the founding fathers and past presidents of our noble Institute. The accounting profession is dynamic and they have firmly established a lasting legacy: the philosophy of keeping pace with the times.”

“In 56 years, ICAN has sustained its enviable status as the most influential and prestigious professional accountancy institute in Africa.

“Our unmatched contributions to national development are the unique selling point that has accorded the institute its enviable position. The ICAN brand is not just the toast of employers, but the products of the Institute are distinguishing themselves across all sectors – public or private.

“Our gathering this evening is to witness the rebirth of ICAN. This rebirth further amplifies what we represent as an Institute: promotion of Accuracy and Integrity and the continuous and conscious drive to act in the public interest.

“We are here to witness the launch of the Institute into an era of greater dynamism and deeper inclusiveness across generations. We are here to celebrate the new face of ICAN for Greater Visibility and Impact,” she enthused.

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