BrandMobile Africa, creators of Kuuzza announced the launch of its decentralised sales platform, developed specifically for businesses to connect seamlessly to motivated sellers.
Business owners now have the opportunity to expand their businesses to reach new demographics faster without the interference of middlemen or multiple retailers while sellers can earn money by selling products on the virtual inventory without any upfront capital.
In effect, Kuuzza is automating the traditional person-to-person commerce that is often driven by personal relationships, word of mouth and social commerce.
“It is with great happiness and genuine excitement that we announce the release of Kuuzza,” said Toby Nwanede, CEO and co-founder of Kuuzza at the brand launch.
The gap Kuuzza is bridging in the retail industry
Kuuzza provides a risk-free, exciting, profitable and sustainable business for young, agile and entrepreneurial Nigerians looking for an alternative source of income.
Kuuzza’s solution touches manufacturers, distribution companies, logistics providers, fulfillment centers, credit/loan facilitators, etc.
Kuuzza combines retail, tech, escrow payment integration and logistics in order to attain customer fulfillment.
With Kuuzza, everyone’s a winner. Every stakeholder, be it the vendor, seller, or end-user, everyone gets value for every sale.
Why choose Kuuzza?
Business owners can manage and keep track of their inventory. Products are available to resellers at no upfront cost. Sellers can access thousands of products on the go. Payments are processed using a secured, frictionless payment channel that is accessible by all.
Resellers can select any product on Kuuzza, decide and add their desired profit themselves before selling directly to customers.
For every product sold on Kuuzza, resellers earn points that can be redeemed for airtime, vouchers and cash.
All these benefits and more are available to all stakeholders on the Kuuzza platform.
“Today has been a proud and humbling day as we launched Kuuzza in a small but wonderful event,” said Toby Nwanede, CEO and Co-Founder, Kuuzza.
He continued, “I am deeply grateful to my team at BrandMobile Africa who have worked tirelessly to put this product together.
“Kuuzza isn’t just a powerful solution, it represents a significant project for us. What is more powerful is that every single thing that you are selling on this platform can be tracked in real-time through your Kuuzza dashboard.
“Vendors can see who is selling their products, and how their product is performing – these are real data that can be used to make quick intelligent decisions.”
While speaking at the event, Habeeb Aremu, COO and Co-Founder, Kuuzza had this to say, “Kuuzza will be among the most significant platforms empowering Africans (businesses and individuals) in the next 5 years.
“The objective is to ensure that for individuals it becomes a lifestyle application and for businesses, it becomes an enabler.’’
Gbemiga Jacobs, Founder, All Things Adire, a vendor on Kuuzza.com, who was present at the event, shared his thoughts on the platform, “It’s awesome, this is really awesome, and a good one and makes my life easier, because I get to focus on producing while giving other chains to others including delivery.
“I will really also love to see more vendors onboarded and I am talking to 5 other people at the moment.”
Hassan Tukpe-Ajikobi, Project Manager, Home Et Al, shared his thoughts on Kuuzza’s referral program, “I think the referral program will be a huge boost because those who are in the small and medium scale businesses will usually have downlines and if you can find a way to encourage them, they can bring more vendors.”
How to sign up on Kuuzza.com
Getting started on Kuuzza.com is as easy as these few steps:
1. Create an account
Sign up at no cost and access our inventory immediately.
2. Find a product, decide profit and market
Find and market products to potential buyers via social media or any other channel of your choice, sell.
3. Get paid
After selling, we handle the payments and logistics. You get paid.
Founded by BrandMobile Africa, Kuuzza presents an opportunity for businesses to expand and reach into multiple regions without costly physical set-ups while providing a decentralized selling experience for Nigerians where everybody wins.
BUA Cement Takes Bold Step to Reduce Ex-factory Cement Prices to N3,500/bag
BUA Cement Plc has announced a significant reduction in ex-factory cement prices.
Effective October 2, 2023, BUA Cement will sell its cement at a remarkable rate of N3,500 per bag, affirming its commitment to providing affordable building materials to the Nigerian populace, Investors King gathered.
The statement in part; “As per the commitment made to reduce prices and following a periodic review of our operations for efficiency, the management of BUA Cement Plc wishes to announce and inform our esteemed customers, stakeholders, and the public that effective October 2, 2023, we have decided to bring the price reduction forward. As a result, BUA Cement would now be sold at an ex-factory* price of 3,500 Naira per bag so that Nigerians can begin to enjoy the benefits of the price reduction before the completion of our plants.”
This announcement comes as a surprise to many, as BUA Cement had previously indicated its intent to lower cement prices upon the completion of new production lines by the end of the year. However, the company’s management decided to expedite the price reduction, allowing Nigerians to enjoy the benefits ahead of schedule.
Upon completion of its ongoing plant construction projects, which will increase production volumes to a staggering 17 million metric tonnes per annum, BUA Cement PLC intends to review prices further by the first quarter of 2024. This review aims to ensure that their pricing remains competitive and advantageous to customers.
The company also clarified that all pending and undelivered orders, which had been paid for at the previous prices, would be adjusted downward to the new rate of N3,500 per bag starting October 2, 2023. BUA Cement’s licensed dealers have been urged to ensure that end-users benefit from this reduction in ex-factory prices, and the company has pledged to closely monitor field sales to ensure compliance.
Statement in full: We refer to our previous pronouncements regarding our intent to reduce cement prices upon the completion of our new lines at the end of the year, in order to spur development in the building materials and infrastructure sectors.
As per the commitment made to reduce prices and following a periodic review of our operations for efficiency, the management of BUA Cement Plc wishes to announce and inform our esteemed customers, stakeholders, and the public that effective October 2, 2023, we have decided to bring the price reduction forward. As a result, BUA Cement would now be sold at an ex-factory* price of 3,500 Naira per bag so that Nigerians can begin to enjoy the benefits of the price reduction before the completion of our plants.
Upon completion of the ongoing construction of our new plants, which would increase our production volumes to 17 million metric tonnes per annum, BUA Cement PLC intends to review these prices further in line with our earlier pronouncements by the first quarter of 2024.
NOTE: all pending, undelivered orders which had been paid for at the old prices will be reviewed downwards to N3500/bag in line with the new pricing from October 2, 2023. Our licensed dealers are also enjoined to ensure that end-users benefit from this reduction in ex-factory prices as we will monitor field sales to ensure compliance.
01 October, 2023
Manufacturers Cut Spending on Alternative Energy Sources as Electricity Supply Improves
Nigerian manufacturers reduced their spending on alternative energy sources by 21.25% to N60.4 billion in the first half of 2023, according to the Manufacturers Association of Nigeria (MAN).
This decline is attributed to the increased availability of electricity from the national grid, which improved to 11.3 hours per day, up from 10.2 hours in the same period of 2022.
The report also indicated a slight increase in daily power outages to 4.7 times from 4.4 times in H1 2022.
These improvements in grid electricity availability have positively impacted the manufacturing sector’s energy expenditure, leading to a significant drop from N76.7 billion spent in the second half of 2022.
However, the initial high expenditure on alternative energy sources was driven by skyrocketing diesel prices.
The cost of diesel had surged due to foreign exchange challenges and the implementation of a 7.5% Value Added Tax on Automotive Gas Oil (diesel).
Diesel prices in many states had risen to between N900 and N950 per liter, which threatened the production capacity of numerous manufacturing entities.
The Nigerian Textile Manufacturers Association expressed concerns about the potential closure of textile factories and job losses due to rising energy costs. Textile manufacturers, in particular, found it challenging to afford diesel at such prices.
The Chief Executive Officer of Coleman Technical Industries Limited also highlighted the increased production costs associated with higher diesel prices.
While the improvement in electricity supply is a positive development for manufacturers, the industry remains vigilant about energy costs and their impact on production.
Dangote Group Subsidiaries Contribute N474 Billion in Taxes to Federal Government Over Three Years
In a significant testament to its commitment to corporate citizenship and financial responsibility, three subsidiaries of the Dangote Group have revealed that they paid a substantial total of N474 billion in taxes to the Federal Government over the past three years.
The disclosure was made by Hashem Ahmed, an official representing the multibillion-dollar conglomerate, during the opening ceremony of the 18th Abuja International Trade Fair, which focused on the theme ‘Sustainable financing and taxation as drivers of the new economy.’
The Dangote Group, led by its President Aliko Dangote, stands as not only the largest private-sector employer but also the country’s leading taxpayer. The remarkable N474 billion contribution was primarily made by Dangote Sugar, Dangote Cement, and Dangote Salt.
Also, the group has a longstanding history of extensive financial support, empowerment initiatives, corporate social responsibility programs, sponsorships, and philanthropic endeavors, amounting to several billions of naira.
Hashem Ahmed also expressed the group’s satisfaction with the Federal Government’s commitment to tax reform policies aimed at broadening the tax base and providing essential funding for infrastructure development in the country.
The Minister of Industry, Trade, and Investment, Doris Uzoka-Anite, who spoke at the event, announced the government’s comprehensive plan to support small businesses and startups amid Nigeria’s economic challenges.
The plan includes a N75 billion investment by March 2024 to bolster the manufacturing sector, grants for microbusinesses in every local government, and a N75 billion fund to support up to 100,000 startups and MSMEs at favorable interest rates repayable over 36 months.
The government has also initiated partnerships with tech giants like Microsoft and the African Development Bank, signaling a bright future for Nigeria’s economic growth and innovation.
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