World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
In Nigeria, Rising Dreams of Web Commerce
Keywords:
Sim Shagaya and his online internet sales business DealDey in Lagos, Nigeria. He started with cupcake sales, a status symbol in Lagos. Because of online fraud most people in Lagos will not give out their credit card numbers. Dey gets around this by having motorcyclist riders deliver the goods and collect payment in cash. He has a 10,000 square foot warehouse near the Lagos airport, where motorcyclist delivery personnel take off for deliveries all over Lagos, with stalled traffic and delivery instructions like turning left where a lady sits with her plantains. He is planning a site that will be modeled on Amazon. Germay's Rocket Internet also plans to launch soon in Lagos, after opening in India, China and Brazil. Shagaya left Google S. Africa to start the business in 2005, initially starting a site based on the Groupon type business of selling vouchers. Items that sell well and are not returned are books, movies and videogames. Shagaya hopes to increase customers from the current 150,000 to 1 million for a Lagos population of 15 million, of which 5 millon are online on phones and computers.
Online retail sales in Nigeria
06/03/2012
Grouped Articles
In Nigeria, Rising Dreams of Web Commerce
Wall Street Journal 06/03/2012
Lagos, Nigeria
04/09/2011
Grouped Articles
Aiming for the Bright Lights in Lagos
Wall Street Journal 06/24/2013
In Nigeria, Rising Dreams of Web Commerce
Wall Street Journal 06/03/2012
Nigeria's Economy Surpasses South Africa's in Size
Wall Street Journal 04/07/2014
Ebola's Threat Forced Nigeria's Lagos to Scramble
Wall Street Journal 08/02/2014
Nigeria's business capital: A rare good man
Economist 05/07/2011
Nigeria's elections: They may even be democratic
Economist 04/09/2011
Nigeria's economy- 2009-2016
05/11/2006
Grouped Articles
A High-Wire Act for Nigeria's Oil Minister
BusinessWeek 09/16/2010
Electricity in Nigeria: Let there be light
Economist 10/23/2010
Nigerian Central Bank Governor Ousted
Wall Street Journal 02/21/2014
Nigeria's Economy Surpasses South Africa's in Size
Wall Street Journal 04/07/2014
Foreign Investment in Africa Seen at Record $80 Billion in 2014, Report Shows
Wall Street Journal 05/20/2014
Nigeria’s Tumbling Currency a Victim of Falling Oil Prices
Wall Street Journal 12/03/2014
Creating a model country for Africa, with a healthy economy, and honest, healthy democratic government.
04/19/2007
The efforts in Ghana. How Nigeria and Kenya, the two other places wioth a British past fall short, with corruption, governance along tribal lines, and flawed elections. The related efforts to promote agricultural improvement, and help the farmers of Africa.
Grouped Articles
Zambia's Leader Hands Over Power
Wall Street Journal 09/24/2011
An Accidental Leader Stirs Hopes in Nigeria
New York Times 02/20/2010
Ghana Court Rejects Challenge to President's Election
Wall Street Journal 08/30/2013
Nigeria Finance Cleanup Gains Momentum
Wall Street Journal 08/06/2010
Nigeria's doughty presidential candidate: Mr Anti-Corruption joins the fray
Economist 10/30/2010
Long-Delayed Vote Takes Place in Ivory Coast
New York Times 10/31/2010
Online internet startups in Nigeria
06/03/2012
Grouped Articles
In Nigeria, Rising Dreams of Web Commerce
Wall Street Journal 06/03/2012
DealDey and Germany's Rocket Internet build online retail sales in Lagos, Nigeria
06/03/2012
Grouped Articles
German Tech Incubator Rocket Internet Plans IPO
Wall Street Journal 09/11/2014
Rocket Internet Seeks to Raise About $967 Million in I.P.O.
New York Times 09/10/2014
Ackman Fund Stumbles in Amsterdam Trading Debut
New York Times 10/13/2014
Is Rocket Internet Finally on the Path to Profitability?
Wall Street Journal 04/13/2016
In Nigeria, Rising Dreams of Web Commerce
Wall Street Journal 06/03/2012
Germany's Model Stresses Execution Over Innovation
Wall Street Journal 03/13/2013
Automobile market in Nigeria and other African countries
01/18/2011
Grouped Articles
Wall Street Journal 03/25/2015
In Nigeria, Used Cars Are a Road to Status
Wall Street Journal 01/18/2011
In Nigeria, Rising Dreams of Web Commerce
Wall Street Journal 06/03/2012
The Economist 03/09/2019
From online retail to selling consumer goods - different ways of selling in Nigeria, rural India, rural Brazil and other emerging markets
12/12/2009
Linked Articles
In Nigeria, Rising Dreams of Web Commerce
Wall Street Journal 06/03/2012
P.& G. Sees the World as Its Client
New York Times 12/12/2009
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us