Business booms for African sites dedicated to used goods

The online market for used items in expanding rapidly in Africa, as new sites pop up in countries around the continent and sales for the online marketplaces take off.

Lithuania-based Mobofree, the social marketplace that offers people in Nigeria, Ghana, Uganda and Zimbabwe an online venue to buy, sell and swap used products, just last week disclosed that the value of goods exchanged on its platform rose by 274 percent in the last year, to US$ 1.97 billion—30 percent above the 2015 forecast.

“Second-hand goods is a huge category everywhere around the world. In fact even if online marketplaces and e-commerce shops have grown dramatically in developed countries, second hands goods transactions are growing as marketplaces allow much easier way to find, value and perform transactions,” said Cristobal Alonso, Mobofree’s CEO and co-founder, via email. “I see the same happening in Nigeria and Africa; we will see huge growth in both new items and second hand goods through online platforms for years to come, and even with higher growth rates.”

To read this article in full or to leave a comment, please click here


All articles