Monday, May 17African Business News
Shadow

Tag: jumia

Insurers woo Nigerians on investment culture through MMF

Insurers woo Nigerians on investment culture through MMF

Insurance
Despite the growth in savings and investment products, Nigeria still recorded low mobilisation for such products, research by FSDH has shown. The research said the ratio of gross national savings to the Gross Domestic Product (GDP) was one of the lowest among some countries in the world. For instance, mutual funds have recorded impressive growth in the last five years, but the ratio of mutual fund assets to the GDP is about 0.5 per cent. For this reason, underwriting companies are encouraging Nigerians to utilise its Money Market Fund (MMF), as a savings tool in navigating the current economic downturn intensified by the coronavirus pandemic. According to them, the Money Market Fund is a large pool of funds that investors can invest in, including T...
COVID-19: Jumia Implements Contactless Delivery, Cashless Payments

COVID-19: Jumia Implements Contactless Delivery, Cashless Payments

Business
Jumia, an e-Commerce platform has announced the implementation of ‘contactless’ delivery for prepaid packages on the platform. The company is taking additional measures to keep consumers, delivery agents and partners safe in the wake of the COVID-19 outbreak. To drive the initiative, the ‘contactless safe delivery’ option has been implemented on JumiaPay, the payment platform. This enables consumers to make prepaid payments for products online and get it delivered without a direct body contact or cash exchange with the delivery agent. Announcing the initiative, Senior Vice President, Logistics at Jumia, Apoorva Kumar, said: “The health and safety of our customers and delivery agents is our absolute priority. We are uniquely positioned to step up and be part of Africa’s response stra...