The changing landscape of retail in Nigeria

Nigeria’s current retail consumption is listed at $388 Billion per year and could rise to $1.4 trillion per year by 2030 according to a report by Mckinsey’s Global Institute. To achieve that estimate and sustain it Nigeria’s retail industry is going through drastic change. Retail growth is being fuelled by …

Mobile Market Look: Zimbabwe

Zimbabwe, formerly Rhodesia, was one of the last countries to gain its independence from colonial rule in 1980. Prior to independence Zimbabwe had a diversified economy, well developed infrastructure, and an advanced financial sector. It is now one of Africa’s poorest countries. The current president, Robert Mugabe, has been in …

Mobile Market Look: Tanzania

According to the Alliance for Financial Inclusion, mobile money accounts now outnumber bank accounts in nine African countries. Among them is the east African country of Tanzania – the next destination for MMIT’s Mobile Market Look series. Tanzania is the second largest economy in east Africa and ranked the 6th …

Growth of E-Commerce in Nigeria

Nigeria is the largest country by population in Sub-Saharan Africa and it also has the biggest economy. By 2030, one in every six Africans will be Nigerians, and Nigeria will have one of the 25 largest economies in the World. One area to look for continued growth and real opportunity …