BUSINESS

How To Buy Your Favourite Products On Peppa Marketplace

Published

2 years ago

How To Buy Your Favourite Products On Peppa Marketplace

The emergence of the online marketplace is disrupting the world of business, and it is influencing the behaviour patterns of both buyers and sellers in such a way that enhances the credibility of sellers while ensuring the complete satisfaction of buyers.

The rate at which teeming African consumers are swarming online marketplaces for their varying products can not be overemphasized, and this is because the preponderance of the African population is largely youths that understand the power of technology, especially in the field of e-commerce and social commerce to grow businesses.

Online marketplaces in Africa make an annual revenue of $20 billion, which accounts for about 3.5% of the total retail sales in the continent. Although this figure is low there is a belief that the online marketplace has a great prospect in Africa, owing to its huge and fast-growing youth population.

The pioneer and biggest online marketplace in Africa is Jumia, with an estimation of over 23 million visits every month. Other marketplaces are Konga, Souq, Takealot.com, and bidorbuy. But other online marketplaces can be product-specific with an exclusive customer base in contrast to giant marketplaces that operate in a general mode.

In the meantime, the innovation of social media to also meet the needs of potential customers via social media platforms like Instagram, Facebook, and Whatsapp is encouraging the set up of businesses on these platforms, thereby culminating in the advent of social commerce. For better knowledge, social commerce talks about using social media to grow business while e-commerce is growing business via websites or online stores.

One major factor that influences the decision of buyers when mulling over the purchase of products on an online marketplace is the ease of purchase from awareness to conversion. Awareness is the time you get to know about a brand and its products, and conversion is the time you complete payment for the purchase of the product. When potential customers are not convincingly satisfied with the process of purchase of a particular product, there is every possibility that they will leave the page for another.

However, African buyers can now buy their various products on Peppa, which is a top social commerce platform in Africa. Many distinguishing features make Peppa outstanding from other online marketplaces in Africa, notable of which is escrow service. This means that you can buy your preferred products on the Peppa marketplace and you can be assured of getting the best products. This is hinged on the escrow service in which Peppa acts as the middleman. Therefore, the seller does not receive payment until the buyer is satisfied with the purchase.

When you buy products on the Peppa marketplace, you can be assured of not recanting your experience with the local parlance “what I got versus what I ordered.” This validates the uniqueness of our marketplace which is devoid of possible scams and unnecessary complaints.

There are different categories of products available on the Peppa marketplace, and they include men’s wear, women’s wear, phones, laptop, perfumes, jewellery, gift items, and whatnot. You can always get your preferred products on our marketplace, as we are not product-focused but we have a large number of sellers using our online storefront to set up their business for a wider audience.

What Should I Do When Shopping On Peppa Marketplace?

It is noteworthy that Peppa marketplace has its unique way of displaying products, processing payments, and managing other parts of your shopping experiences. So it is important to be aware of this fact.

1. Check Out The Individual Seller

You must check the seller’s ratings and read recent comments written by buyers about the seller or the product. This would give you a forehand idea of what to expect when you make purchases from the seller. A positive review is a green light to proceed with buying from the seller but where you see so much of negative reviews, that is a red flag that should dissuade you from buying from such a seller.

Also, the seller’s contact information must be available such that you can easily contact the seller when you have a query that needs to be resolved immediately. You should also review the seller’s condition for payment, the shipping process and a possible return and refund policy.

2. Check Out The Product

Look at the product you want to buy closely to ensure they are original products. Peppa enables sellers to upload multiple images of their products on its marketplace, so ensure the images are real images and not stock photos. In addition, be wary of expensive products that have low prices on them, as they can be fake.

If you don’t have much knowledge about the product you want to buy on the Peppa marketplace, endeavour to do some research to understand the real appearance and price overview of the product before making purchases.

3. Safer Payment Method

Buy from sellers that provide a legal payment method that is widely accepted in your country of residence. The secure method of making payment for your purchases on Peppa marketplace is via credit cards or bank transfers.

Therefore, avoid making payments through wire transfer mediums like MoneyGram or Western Union. You also need to avoid using gift cards and cryptocurrency as payment methods. This is because these methods of payment are not adequately protected from scams.

Another thing you must take into consideration is not pay to any seller that wants to take the transaction outside the Peppa marketplace.

How To Buy Products On Peppa Marketplace

Create a Peppa account and log in

Click on “Marketplace”

Use the search icon to view your preferred product

Navigate and click on your preferred product with its price

Click on “Add to cart”

Enter your contact information for delivery

Complete your purchase that choosing your preferred method of payment

Conclusion

Online marketplaces are safe and convenient to use when you buy from marketplaces that offer you the best feature of navigation for your purchases. In this instance, Peppa is the answer to your inquiry as it is the best platform to offer you a relishing buying experience without the hassle.

Would you rather shop for your preferred product on an online marketplace today, Peppa is here for you.

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BUSINESS

Adamawa Mortgage Bank Faces ₦10 Billion Lawsuit for Alleged Contract Breach with Wisdom Kwati Smart City

Published

3 weeks ago

Christopher

Wisdom Kwati Smart City Ltd, a prominent property development firm based in Abuja, has launched a lawsuit against Adamawa Mortgage Bank Ltd, seeking ₦10 billion in damages. The legal action follows a breach in a joint venture agreement between the two parties for a 20.5-hectare property development in Sangere Village, Yola South, Adamawa State.

Adamawa Mortgage Bank Faces ₦10 Billion Lawsuit for Alleged Contract Breach with Wisdom Kwati Smart City

The joint venture was established to transform the Sangere property into a large-scale residential development, with work already underway and over 3.5 billion invested in the construction of over 200 housing units and on the estate’s infrastructures. However, tensions arose when Adamawa Mortgage Bank publicly withdrew from the agreement, and without appropriate notice or engagement with the firm, released a statement on The Cable newspaper on November 9, 2024. In its announcement, the bank warned prospective buyers, stating:

“This is to inform the general public that Adamawa Mortgage Bank Ltd is not selling its land at Sangere-Wisdom Kwati Smart City. Anyone buying land at the property does so at his own risk. Take further notice that the bank has withdrawn from the joint venture agreement with Wisdom Kwati Smart City. Thank you. Signed Management.”

Following this statement, Wisdom Kwati Smart City Ltd, led by Chairman Mr. Wisdom Kwati, filed for both an interlocutory and interim injunction. The lawsuit names both Adamawa Mortgage Bank Ltd and its Managing Director, Dr. Noris Giscard Stanley, as defendants, alleging breach of contract and reputational harm caused by the bank’s public renouncement.

On November 14, 2024, the High Court of Justice of Adamawa State issued an interim injunction, temporarily restraining the mortgage bank from further actions related to the property until a resolution is reached. The court has ordered the defendants to respond to the claims and appear before the court within 30 days of receiving the summons.

The implications of the contract dispute are significant, given the current stage of the project. According to representatives of Wisdom Kwati Smart City Ltd, the company has invested over ₦3.5 billion in construction and developmental costs on over 200 buildings currently under construction at the site, of which over 50 units are at the finishing level of construction, and infrastructural development that are well into the third phase of the company’s five-phase development plan.

Industry observers suggest that a swift resolution of the dispute would be in the best interests of both parties and their investors, who rely on the stability of the joint venture to secure their investments. The project, originally designed to develop 317 mixed housing units, is already well past its midpoint, making it highly unreasonable for a partner to withdraw at this stage.

Wisdom Kwati Smart City Ltd has expressed a commitment to seeing the project through to completion and ensuring that stakeholders are kept informed of any significant developments in the case. Despite the legal steps taken, the real estate company has reportedly made several attempts to resolve the matter through dialogue, but the bank has reportedly not been forthcoming.

BANKING

Afreximbank Acts as Joint Lead Manager on Ecobank Transnational Incorporated’s USD 400mn Senior Unsecured Note Issuance

Published

2 months ago

Christopher

The proceeds of the note will fund general corporate purposes of the issuer, including refinancing of a USD350 million senior bridge-to-bond loan facility that was jointly coordinated by Afreximbank in March 2024.

African Export-Import Bank (“Afreximbank”) (www.Afreximbank.com) is pleased to announce that it has successfully acted as Joint Lead Manager and Bookrunner on a USD 400 million 10.125% Rule 144a/RegS senior unsecured note issuance by Ecobank Transnational Incorporated (“ETI”) due in October 2029.

The note issuance achieved peak orderbook oversubscription of 2.1x, backed by more than 70 high-quality and diverse investors comprising development finance institutions, asset managers, commercial banks and insurance companies from Africa, the UK, USA, Europe and the Middle East.

Professor Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, commenting on the transaction, said: “We are pleased to have supported Ecobank Transnational Incorporated (“ETI”) in placing the first public Eurobond issuance by any Sub-Saharan African financial institution since 2021, following our bridge financing support earlier in the year. This transaction underscores Afreximbank’s capacity and readiness to structure innovative market access solutions for our pan-African banking partners.”

Afreximbank’s Advisory and Capital Markets (ACMA) department acted as Joint Lead Manager and Bookrunner on the issuance, working alongside international and African partners.

Distributed by APO Group on behalf of Afreximbank.

BUSINESS

Japan: African Development Bank Celebrates Three Decades of Japan-Backed Trust Fund

Published

2 months ago

Christopher

Japan: African Development Bank Celebrates Three Decades of Japan-Backed Trust Fund

Over the past three decades, Japan has contributed JPY 5.3 billion ($ 37.4 million) to the PHRDG, supporting 107 projects, with 96 completed and 11 ongoing as of September 2024

The African Development Bank Group (www.AfDB.org) has celebrated the 30th anniversary of the Policy and Human Resource Development Grant (PHRDG), a bilateral trust fund created by Japan in 1994.The initiative has contributed significantly to the development of Africa’s human capital, supporting over 100 transformational projects across various sectors.

PRST at Keizai group

Presenting a commemorative publication on the trust fund at the Ministry of Finance in Tokyo on Wednesday, 16 October, Dr Akinwumi Adesina Adesina, African Development Bank Group President said the publication highlights three decades of successful collaboration and the impactful projects funded by the Policy and Human Resource Development Grant, as well as the critical role the grant has played in Africa’s socioeconomic development.

Over the past three decades, Japan has contributed JPY 5.3 billion ($ 37.4 million) to the PHRDG, supporting 107 projects, with 96 completed and 11 ongoing as of September 2024. In recent years, the trust fund has seen a notable increase in contributions, underscoring Japan’s renewed commitment to fostering a climate-smart, resilient, inclusive, and integrated Africa.

Japan’s Vice Minister of Finance for International Affairs, Atsushi Mimura, said he was pleased the country’s partnership with the African Development Bank Group was going well. He pledged continued support, particularly for the African Development Fund, the private sector, and Japanese and African start-ups

“We look forward to deepening Japan’s relationship with the African Development Bank,” he said.

Mimura described the African Development Bank Group’s partnership with the World Bank’s plan to bring electricity to 300 million Africans (Mission 300) as a powerful narrative that draws attention to the continent’s energy needs.

Adesina commended Japan for its strong support of the African Dev?

elopment Fund, noting that the Fund has delivered impressive results. He sought the country’s support on a wide range of issues, including the 17th general replenishment of the African Development Fund, Mission 300 (http://apo-opa.co/3YcTfy2), Special Drawing Rights, the private sector, and start-ups, among others.

“We thank the people of Japan for standing in solidarity with the people of Africa,” Adesina said.

Since its establishment, the PHRDG has been a vehicle for Japan to share its expertise and experience in human resource development, empowering Africans to lead the transformation of their societies and economies. The grant has supported a wide range of projects aligned with Japan and the African Development Bank Group’s shared objective of human capital development. Officials said the projects have laid the groundwork for accelerated economic growth in Africa.

In a foreword to the Policy and Human Resource Development Grant at 30 publication, Deputy Vice Minister of Finance for International Affairs Daiho Fujii, expressed Japan’s pride in celebrating the 30th anniversary of the PHRDG.

“Japan is leading the international community’s efforts to overcome global challenges, particularly those affecting vulnerable populations. Through the PHRDG, we provide technical cooperation to develop the human resources that will drive Africa’s socioeconomic transformation. Our partnership with the African Development Bank Group is key to realizing a more resilient and prosperous Africa.”

As the Policy and Human Resource Development Grant enters its fourth decade, the African Development Bank Group and Japan have expressed eagerness to expand their partnership. With six new projects in the 2024–2025 pipeline, including initiatives in higher education, debt management, and climate-smart agriculture, the trust fund remains a critical tool for delivering impact across Africa, officials said.

Both parties pledged to continue to work hand in hand to unlock the potential of Africa’s human capital, fostering innovation and economic development for generations to come.

Japan–Africa Dream Scholarship Program: Investing in the Future

Among the most impactful PHRDG-funded initiatives is the Japan-Africa Dream Scholarship Program (JADS), launched in 2017. This program aims to develop Africa’s human capital by offering scholarships to high-achieving African students for master’s studies in fields such as agriculture, development economics, energy, and public health. To date, the program has awarded scholarships to 23 students from 10 African countries, two-thirds of whom are women.

Graduates of the JADS program have gone on to make significant contributions to their home countries. Alumni include Mary Yeboah Asantewaa from Ghana, who now works at SORA Technology in Accra, leveraging drone technology to control infectious diseases, and Glory Sibale from Malawi, who joined Tokyo’s Taiyo-Yuka recycling company, focusing on sustainable agricultural project management.

As part of his mission to Japan, Adesina also met with Nobumitsu Hayashi, the Governor of the Japan Bank for International Cooperation, to expand collaboration in key areas, including agriculture, healthcare, energy access, support for youth entrepreneurs, critical minerals, and regional corridors.

Later Wednesday, Adesina met with the leadership of the Association of African Economic and Development Japan, where both parties discussed potential collaborations for impactful projects. He continued with meetings with Kanetsugu Mike, Chairman of Mitsubishi UFJ Financial Group, and Ken Shibuya, Co-Chairman of the Global South Africa Committee of Keizai Doyukai (Japan Association of Corporate Executives).

The African Development Bank president invited business leaders to the 2024 Africa Investment Forum to be held in Rabat in December. Adesina also hosted representatives of the African diplomatic corps, development partners, and the private and public sectors, where they discussed leveraging co-creative relationships with Japanese companies and institutions.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).