- Nissan Records Best Sales in Two Decades
Nissan has announced its best sales in nearly two decades. It hiked 10 per cent market share in 2017, with passenger vehicles growing 44 per cent against the previous year and bakkies (pick-ups) mustering a share of 19.5 per cent up by nearly a fifth.
Datsun, the brand’s highest market share in South Africa since 1981, similarly rose to 1.3 per cent, just as the Sub-Saharan Africa sales also grew, rising to 13.9 per cent.
Nissan Sub-Sahara said the sales success came on the back of product launches, including the Patrol, X-Trail and Micra Active.
Nissan had in the year under review also focused on customer- service, winning eight awards.
“Nissan is poised to build on our success with further growth in Africa,” Managing Director of Nissan South Africa Mike Whitfield, said.
He said: “We have invested almost R1 billion rand to increase the efficiency of our plant at Rosslyn increasing automation without reducing jobs, and in training and skills development for our people.”
Nissan has developed its supplier base with initiatives to encourage young black entrepreneurs to become suppliers and the company continues to produce a high number of engineers at Rosslyn through its graduate development programme, which has been supporting South Africa employees to become master trainers by sending them to Nissan manufacturing plants across the world.
To drive future growth, Nissan will focus on further developing its dealership network in South Africa with improved customer experience and enhanced facilities, while it continues to work to increase its share of the passenger vehicle market, and maintaining its strong position in bakkies.
Nissan was the first manufacturer to introduce electric vehicle to South Africa, with the Nissan LEAF launched locally in 2013. Globally, more than 300,000 units of the LEAF have been sold, more than any other electric vehicle.
Whitfield said: “The global automotive industry is going through revolutionary technological change, with electric vehicles, autonomous driving and connectivity. South Africa has the potential to lead Africa in embracing this change, and the automotive industry here and the economy stand to benefit. To do that we need to ensure that the infrastructure and support is in place in South Africa to help build demand for these products.”
Rosslyn is Nissan’s manufacturing hub for the rest of the continent where demand is growing rapidly. And in April 2014, Nissan became the first mover to assemble cars in Nigeria, and is exploring new manufacturing opportunities on the continent.
“Africa has huge potential but not every country can have a plant and manufacturing hubs needed to be developed. The automotive industry has been a driver of economic growth around the world for a century, and Africa will be next. What is we need now is a conducive environment, including the development of free trade areas, for the continent to flourish. Africa’s middle class is forecast to grow from 137 million people in 2009 to 341 million by 2030,” he added.
Jumia Nigeria Appoints Sunil Natraj as CEO, Outlines Ambitious Expansion Plans
Former Jumia Ghana CEO to Lead E-Commerce Giant as Massimiliano Spalazzi Steps Down
Jumia Nigeria, a prominent player in the e-commerce sector, has announced the appointment of Sunil Natraj as its new CEO.
Natraj, the former CEO of Jumia Ghana, will take the helm of the e-commerce business in January 2024, succeeding Massimiliano Spalazzi, who has been with Jumia Group for 11 years and will be stepping down in December 2023.
The announcement came during a media parley held in Yaba, Lagos, Nigeria, with Francis Dufay, the CEO of Jumia Group, unveiling Natraj as the new leader.
Natraj expressed Jumia’s commitment to becoming a truly Nigerian company and continuing the initiatives started by Spalazzi.
“We want to continue what Spalazzi started,” Natraj stated, emphasizing Jumia’s vision to expand its presence beyond Lagos.
He disclosed plans to extend operations to additional Nigerian cities, with Akure and Ilorin on the radar and a focus on cities en route to Ibadan, Warri, and Benin in the first quarter of 2024.
The overarching strategy is to create a comprehensive network covering the entire country.
Dufay outlined the ambitious goal of targeting cities with populations exceeding 20,000 people, citing successful precedents in Ghana, Cote d’Ivoire, and Senegal.
He acknowledged the challenges faced by Jumia, including a workforce reduction in Q4 2022 and a 73% cut in advertising budgets in Q3 2023.
Despite the hurdles, Dufay highlighted Nigeria as Jumia’s largest market and affirmed the company’s determination to navigate and thrive in the ever-evolving e-commerce landscape.
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Flutterwave Expands Financial Frontier: Acquires Money Transfer Licenses for 13 U.S. States
Africa’s Leading Payments Tech Firm Facilitates Faster, Affordable, and Secure Transfers between the U.S. and Africa
In a significant move towards advancing financial connectivity between Africa and the United States, Flutterwave, Africa’s premier payments technology company, has proudly announced its acquisition of money transfer licenses for 13 key U.S. states.
This strategic expansion aims to expedite, streamline, and secure the transfer of money from the U.S. to Africa and back.
The states covered by the newly acquired licenses include Arizona, Arkansas, Maryland, Michigan, Delaware, Georgia, Maine, Mississippi, Missouri, New Hampshire, Iowa, North Dakota, and South Dakota.
These additions, combined with Flutterwave’s existing partnerships and licenses, now empower the company to serve customers seamlessly across 29 states in the U.S.
Money transfer licenses, issued by state regulators, play a pivotal role in enabling financial technology companies like Flutterwave to engage in the transmission of money.
The acquisition of these licenses fortifies Flutterwave’s commitment to regulatory compliance, safety, and the soundness of its services.
Stephen Cheng, Executive Vice President, Global Expansion and Partnerships at Flutterwave, emphasized the significance of this milestone.
“Getting these licenses expands our regulatory footprint, demonstrates our ability to deliver services with safety and soundness, and fosters trust among regulators, partners, and customers,” stated Cheng.
“We’re growing and are committed to servicing customer needs in as many geographies as possible, particularly with a significant African diaspora.”
Flutterwave’s popular solutions, such as the Send App, are set to benefit greatly from this expansion.
The Send App facilitates easy and secure money transfers between the U.S. and Africa, catering to both individual users and enterprises that rely on Flutterwave for global last-mile payouts.
“Sending money between the U.S. and Africa has been challenging for the African diaspora. These licenses pave the way for Flutterwave to make the Send App available to the African diaspora in the U.S., offering a super user-friendly money remittance experience,” explained Olugbenga Agboola, Founder and CEO at Flutterwave.
“Our mission is to connect Africa to the world and the world to Africa by simplifying payments for endless possibilities. These licenses move us one step closer to our vision, and we will continue to expand this feat to ensure coverage for all states in the U.S. and beyond.”
Flutterwave remains steadfast in its commitment to providing accessible remittance services across the U.S. and has outlined plans for further expansion of licensing coverage in the near future.
This ambitious endeavor reflects the company’s dedication to fostering financial inclusion and creating a seamless financial bridge between continents.
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