{"id":645072,"date":"2017-07-11T04:32:57","date_gmt":"2017-07-11T04:32:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/jumia-expects-e-commerce-in-egypt-to-grow-to-usd-2-7-bn-in-2020\/"},"modified":"2017-07-11T04:32:57","modified_gmt":"2017-07-11T04:32:57","slug":"jumia-expects-e-commerce-in-egypt-to-grow-to-usd-2-7-bn-in-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/jumia-expects-e-commerce-in-egypt-to-grow-to-usd-2-7-bn-in-2020\/","title":{"rendered":"Jumia expects e-commerce in Egypt to grow to USD 2.7 bn in 2020"},"content":{"rendered":"

Jumia is expecting e-commerce in Egypt to grow to USD 2.7 bn in 2020<\/strong>, according to Al Borsa<\/a>. The number of Jumia customers who pay by cash decreased to 8% of total customers last year from 98% in 2012, CEO Hesham Safwat says. Market dynamics had played a crucial role in the emergence of e-commerce and its success in Egypt, as 65% of all online shoppers were below the age of 25. A report by PricewaterhouseCoopers, which we noted yesterday<\/a>, had estimated that the number of online shoppers in the Middle East grew 6% between 2013-17, with around 29% of Middle East consumers now shopping online each month.<\/p>\n","protected":false},"excerpt":{"rendered":"

Jumia is expecting e-commerce in Egypt to grow to USD 2.7 bn in 2020, according to Al Borsa. The number of Jumia customers who pay by cash decreased to 8% of total customers last year from 98% in 2012, CEO Hesham Safwat says. Market dynamics had played a crucial role in the emergence of e-commerce […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645072","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a6f643f4-844e-4625-bad1-e5147bcf81de","order":"0","is_powered_by":true,"section_story_id":"1d540895-02b8-4718-852a-26fa8348234d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645055],"teaser":"","voice_url":""},"yoast_head":"\nJumia expects e-commerce in Egypt to grow to USD 2.7 bn in 2020 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/jumia-expects-e-commerce-in-egypt-to-grow-to-usd-2-7-bn-in-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jumia expects e-commerce in Egypt to grow to USD 2.7 bn in 2020\" \/>\n<meta property=\"og:description\" content=\"Jumia is expecting e-commerce in Egypt to grow to USD 2.7 bn in 2020, according to Al Borsa. 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