Riyadh – The Saudi minister of labour and social development Ahmed bin Sulaiman Al Rajhi approved a request for the establishment of the first non-governmental e-commerce association, the Saudi Press Agency (SPA) reported.
The association aims to raise community awareness of e-commerce amid growing online transactions in the kingdom.
TUNIS - Tunisian Ministry of Commerce officials said plans to digitise commercial transactions were at their initial stages and have a long way to go to reach their goals.
At a workshop to develop commercial law in cooperation with the US Department of Commerce, Director of E-Commerce Development at the Ministry of Commerce Khabbab Hadhri stressed the need to have 300,000 retailers join the electronic payment system.
RIYADH — To cope with the great momentum of online trading, Saudi Arabia is currently working to establish a new e-commerce council, announced Minister of Commerce and Investment Minister of Commerce and Dr. Majed Al-Qasabi.
Claiming that the Kingdom has become an attractive platform for investment, Qasabi explained that 85 percent of the services of the ministry are being offered electronically. He noted that since 2016 until the end of the third quarter of 2019, 2,437 investment licenses have been granted to foreign investors.
In Cameroon, the government has decided to apply value-added tax (VAT) in the e-commerce sector for the 2020 fiscal year.
In detail, the Ministry of Finance (Minfi) indicates, goods and services sold on Cameroonian territory through e-commerce platforms, as well as related commissions, are now subjected to VAT.
Customers in Qatar can now shop for their favourite products from the comfort of their homes, as Carrefour has announced the launch of its webstore.
Powered by Qatar Post, residents living in Doha, Al Rayyan, Al Daayen or Umm Salal can place their orders online and receive them the next day, with more than 100 neighbourhoods covered by the delivery service, Carrefour has said in a statement.
Egypt is ready to cooperate with the private sector to launch a digital trading platform in Africa similar to Amazon and Alibaba’s global websites to support digital trade in Egypt and Africa, President Abdel Fattah al-Sisi announced on Sunday during a speech at the opening of the 23rd session of the Cairo International Conference for Communications and Information Technology.
Egypt is strongly shifting to digitization, which represents a great opportunity for investment, he said.
With over half a million new active users a month, homegrown UAE money-saving app, Cartlow, is launching in Saudi Arabia this January with the first ‘re-commerce’ solution.
It wants to fulfill a non-structured market gap and offer local consumers big name products at low prices on a wide selection/variety/range of products such as mobile phones, tablets, laptops, TVs, home appliances, watches and toys.
US food and beverage giant PepsiCo has taken a stake in leading Ethiopian crisps manufacturer Senselet Food Processing, just-food reports.
The multinational was partnering with Senselet's founder, Veris Investments, to become a "major shareholder", with an undisclosed stake.
Veris said it would continue to maintain a minority interest in Senselet and "partner with PepsiCo to further grow the business and develop potato sourcing programmes in Ethiopia".
A fast growing e-commerce platform in the country, Bolorims.com, has partnered with a Kenyan-based firm, African Sokoni, to bolster e-commerce business.
The partnership, Daily Sun learnt, is an expansion strategy, considering the unprecedented growth of SMEs and the urge to reach a wider customer base through online stores.
Both parties believe that e-commerce will enable SMEs lower costs, make it stay competitive and at the same time, take it global by harnessing the power of the internet.
WH Smith, one of the world’s most recognised travel retail brands, will operate two outlets at Bahrain International Airport’s new passenger terminal, it has been announced.
Bahrain Airport Company said a five-year agreement has been signed by Kamal bin Ahmed Mohammed, Minister of Transportation and Telecommunications and BAC chairman and That Al Salasil CEO Abdullah Al Mansour.
Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East, Africa and Asia has opened the first Carrefour Store in Uganda.
Located at the popular Oasis Mall, the store covers over 2800 square meters selling area and offers shoppers great value and choice, through a combination of offers and promotions while delivering on its promise of creating great moments for everyone every day.
AB InBev, the company behind the Budweiser brand, is helping local African farmers to prove their income using blockchain. A blockchain-based system developed in partnership with BanQu tracks all the local suppliers of AB InBev, replacing the paper trail.
Partnering with BanQu, a company specializing in blockchain supply chain solutions, AB InBev introduced a distributed ledger system that tracks all the local farmers that supply barley and malt to the company. This allows them to prove their income to local banks, and thus open bank accounts and lines of credit.
ADDIS ABABA (Reuters) - Ethiopia plans to cut an excise tax on sugar to 20% from 33% ahead of its privatisation of the sugar industry, according to a draft law in parliament, part of efforts to open up one of Africa’s most closed economies.
Lagos – Nestlé Nigeria Plc says it is committed to remaining at the forefront of supporting the growth of Small and Medium Enterprises (SMEs) in Nigeria through its local sourcing, backward integration and supplier development initiatives.
The company restated the commitment at its 2019 Suppliers’ Day, an annual event which brings together key suppliers of its raw materials, packaging materials, services and indirect services to share best practices.
The Middle East is an increasingly “fast moving market” for Tag Heuer, particularly Saudi Arabia, according to CEO Stéphane Bianchi.
Bianchi was appointed as the CEO of LVMH’s watchmaking division in November 2018. In his position, he directly leads the Tag Heuer brand. Additionally, the CEOs of Hublot and Zenith report to him.
“That is especially true in Saudi Arabia. We think this country will become the next big [market] in the Middle East,” he said. “We invest a lot in Saudi Arabia.”
NAIROBI (REUTERS) - Online retailer Jumia Technologies said on Monday it would suspend food and drinks delivery service Jumia Foods in Rwanda effective Dec. 9.
The suspension comes after Jumia said it had shut its e-commerce business in Tanzania in late November, and in Cameroon in the middle of the same month.
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INFOMINEO RESOURCES
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