CEO Tim Steel says Copia is able to deliver a package at one-sixth of the price of any other best-in-class e-commerce business in the world
Johannesburg/Nairobi — In the three years since becoming an agent for mobile e-commerce company Copia Global, Samuel Kihara has boosted revenue at his general store fivefold, opened a second shop, bought land and a truck and moved his children to private school.
Copia’s slogan, Maisha Rahisi, means “simple life” in Swahili. The company, founded in 2013 by US social entrepreneurs Tracey Turner and Jonathan Lewis, is still making a loss. But its sales are growing at a rate of 15% a month in Kenya, a country whose citizens have been quick to take up mobile e-commerce services ranging from money transfers to digital-loans.
Within 18 months Steel expects to have 18,000 agents, he said, and to have begun expanding into Uganda, Rwanda and Tanzania. He expects the company to turn a profit within two years, though he declined to give financial details. Malaicha.com, which allows groceries purchased in SA to be collected in Zimbabwe at a small number of collection points, operates a similar system to Copia, albeit on a much smaller scale.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vegetarians enjoy better sex lives than meat eaters, says surveyNot only this, the survey reported by UK-based Hucknall Dispatch said that non-vegetarians are 'selfish in bed and unhappy in their sex lives compared to vegetarians'.
Read more »
Fashionista, 27, in court victory against retail giantA Durban fashionista caught in an employment battle between two trendy retail giants walked out of court victorious this week.
Read more »
MTN Nigeria’s profit surges as data use risesSubscriber base grew 10.5% to 64.3-million, with profit before tax jumping 31.1%
Read more »
Money and materialism have sadly deformed acts of kindnessOur age of rebarbarisation has changed a human being into beast.
Read more »
Gugu Khathi: If you understand money you won’t say it can’t buy you happinessDJ Tira's wife has advised young women to change their mindsets about money.
Read more »
Gugu Khathi: If you understand money you won’t say it can’t buy you happinessDJ Tira's wife has advised young women to change their mindsets about money.
Read more »