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Nollywood Celebrity, Tayo Sobola, Unveils Hicolumn Groundbreaking E-commerce Tech in Grand Style

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Top Nollywood celebrity, Tayo Sobola, popularly called Sotayo Gaga, has unveiled the biggest e-commerce platform in the country – Hicolumn, with matchless qualities that connects consumers to choice stores, anytime, anywhere, thus bringing their usual places of shopping close to their neighbourhood.

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The unveiling of the groundbreaking e-commerce platform took place at the Radisson Blu Hotel, GRA, Ikeja, on Thursday, November 26, 2020 in Lagos, the Centre of Excellence.

It was held in grand style with a drone delivery of Hicolumn package to the top-notch celebrity indicating the swift and cutting-edge delivery service behind the e-commerce Tech.

Highlights of the event includes free shopping vouchers to fans of the celebrity and the online shopping she made, which was delivered swiftly before 20 minutes, an attestation of Hicolumn’s uniqueness.

The screen idol expressed delight that shopping has been made easier than before with Hicolumn’s entrant into Nigeria’s online market.READ  Nigerians Youths Awakening To Fight Injustice – #RevolutionNow

Describing the groundbreaking e-commerce Tech, the award winning superstar said the platform is a mobile app that comprises the Hicolumn Customer, Merchant and Delivery Apps that are all connected together and work as one Enterprise Resources Programme, to ensure customers’ usual places of shopping are made available for them, for real comfort and convenience.

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Sotayo, who is also an entrepreneur and a philanthropist enlightened merchants, store owners, consumers and the public on what the e-commerce Tech entails.

She posits that it offers stores, merchants, small and medium enterprises (SMEs) with existing and verifiable businesses, the opportunity to become active participants in the e-commerce ecosystem within 30 minutes after downloading the mobile app, which is absolutely free of any registration cost.

It also gives them the opportunity of leveraging the internet to serve or sell to their existing and prospective customers, anytime, anywhere, without physically visiting the shops.

 She said it also ensure prompt execution of delivery activities within 20 minutes, with same quality, same price and faster than physically present at the stores.READ  ‘I’m scared, I might not be able to repay the loan i took to shoot my new movie” – Veteran Actor, Kunle Afolayan laments

“Delivery of purchased goods online in 20 minutes is quite interesting, it is one of the best things that have happened to the online market in this country, quite exhilarating,” Sotayo remarked.

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She avowed that the platform is designed to take advantage of the weaknesses of the existing online market in Africa and the world at large, thus redefining its scope and operations with unparalleled services aimed at enhancing merchants and consumers’ satisfaction.

The celebrity said merchants and store owners can become super strong and active online with the Hicolumn e-commerce Tech, especially in this period of the coronavirus (COVID-19) pandemic when shopping is mostly done online for fear of being infected.

“One of the interesting things on the Hicolumn mobile app is that merchants can register and setup their stores for free, without difficulties and start getting orders from consumers. This is without any delivery facility, but should ensure availability of goods in their stores for packaging and delivery after receiving payment,” the top-notch actress affirmed.READ  BREAKING! REGINA DANIELS DELIVERS BABY BOY

She pointed out that the e-store is set to create over 100,000 jobs before the end of 2021, and will bring about large-scale youth empowerment as well as significant increase in the patronage of indigenous goods.

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The benefits for partnering with Hicolumn are: increased profitable sales; reduced cost of operation with less than five employees; proper inventory management; and elimination of threat posed by the current e-commerce system.

Others include empowering merchants with the same capacity of an e-commerce global giant; customers’ retention on full scale; reduction of operational cost; business enhancement through effective online promotion; increased merchants’ focus on core operations; and opportunity for massive promotion and customer acceptability

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Brands and Company

How Jumia stock is rebounding and gaining momentum 

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Commerce

The last four weeks has been that of uplift in fortune for holders of Jumia stock, and the development is rightfully drawing attention of stock-inclined minds:

Fruitful yuletide: The stock sold as high as $47 a day to Christmas and has hovered between $34 and $39 since December 11th 2020. On January 12th 2021, Jumia stock sold at $40 on the floor of New York Stock Exchange.

Unexpected positive turn in fortune: Jumia recorded a 12% drop in revenue in the first three quarters of 2020, but has made a 600% increase in stock price since then.  The best part is that the stock has sustained its good momentum for over a month.

Regret for doubters: Some investors who didn’t buy Jumia stock when it sold for just over $2 in March 2020 are beating up themselves for not taking advantage. Currently trading for just over $40, some holders see an opportunity to sell. But the next few months can also bring huge fortune for those who dare to hold.

 

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Bright prospect: Analysts ascribed the improvement to investors’ belief in Jumia’s potential and are willing to overlook lagging business results for the time being. For instance, a $5,000 investment in Amazon in 1997 will translate to more than $4 million today. The current good performance of Jumia stock is an indication that the brand holds the potential of being a replica of the Amazon story in Africa.

Opportunity for Africans: Jumia prides itself as Amazon of Africa. It could end up being a smart move for Africans who buy into the dream by owning part of a brand that identifies with them.

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Brands and Company

Covid-19 Second Wave: Online Shopping Still Among Measures To Limit Spread – Jumia CEO

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Covid-19

Jumia Nigeria CEO, Massiliano Spalazzi 

As authorities put measures in place to prevent rapid spread of covid-19 in the light of the second wave of the pandemic emanating from mutation variants of the dreaded virus, Jumia Nigeria CEO, Massiliano Spalazzi has highlighted the services of ecommerce platforms as one of the measures to help mitigate the spread among Nigerians.

While speaking on the crucial role and contributions of ecommerce in the present day socio-economic reality in Nigeria, Spalazzi said online shopping will help promote the adoption of social distancing measures and eliminate the contact risk associated with brick and mortar stores, as people can purchase different products of their choice and get them delivered from the safety of their home.

“Online shopping remains one of the ways individuals can take precautions to limit the spread of Covid-19. People are being urged to avoid large gatherings, and limit human contact as much as possible. Ecommerce platforms possess all these features that will help customers keep to the safety culture. From the comfort of their safety, customers can shop on the Jumia platforms, make payment through online payment solutions like JumiaPay and get them delivered via Jumia Express, or our contactless agents,” he said.

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He pointed out the crucial role played by ecommerce platforms during the 2020 Covid-19 lockdown. “What we have seen last year has been how relevant and important e-commerce was in serving the population during these tough times. We’ve seen many different situations happen from the Covid-19, which obliged people to be locked down and having to purchase their goods in a safe way.”

During the first wave of the pandemic, ecommerce platforms served as a veritable channel for brands and businesses to connect with their customers. Global brands such as Coca-Cola, Procter & Gamble, Reckitt Benkiser, Nestle, Unilever and other essential goods manufacturers partnered with Jumia for sales of their products.

Likewise, online retail platforms were key for the survival of food and grocery enterprises when sit-in services were prohibited with customers restricted by social distancing rule. It was a period where more customers boarded the ecommerce food service train and several local restaurants partnered with Jumia to keep their food, beverage and grocery service going during the lockdown.

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Brands and Company

Dangote Cement Successfully Purchased Shares Worth N9.77 Billion

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  1. Dangote Cement Successfully Purchased Shares Worth N9.77 Billion
Dangote Cement has announced the completion of the first tranche of its share buy-back programme.
Dangote Cement Plc has announced the completion of the first tranche
Cement, industry
of its share buy-back programme, as the cement behemoth bought back shares of the company worth N9.77 billion.
This announcement was made by the management of the company, in a recent statement issued and signed by the Deputy Company Secretary, Mr Edward Imoedemhe, today, 11 January 2021.
During the first tranche of the share buyback programme which commenced on Wednesday, 30 December 2020 and ended on Thursday, 31 December 2020, the company on the open market of the Nigerian Stock Exchange purchased 40,200,000 ordinary shares of the company at an average price of N243.02, representing 0.24% of the Company’s issued and fully paid ordinary shares.
What you should know
Following the conclusion of Tranche I, the total number of residual issued and fully paid outstanding shares of DCP amounts to 17,000,307,404.
However, the completion of the share buyback programme of the company does not portend any material impact on the Company’s financial position, and the operation of the company as a going concern.

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