Nigeria’s Ecommerce Startup, Gloo .ng, Fails

I did not see this before posting my piece on ecommerce earlier today where I recommended avoiding ecommerce venture in Africa (except South Africa) yet. Gloo, one of the “most successful”, and well known ecommerce companies in Nigeria is shutting…
Avoid Starting Ecommerce Venture in Africa Now

I just spoke with BuzzFeed on ecommerce in Africa.  My thesis remains that we are not close to the inflexion point where ecommerce becomes a profitable venture. Unless you can sustain losses as Amazon did for a decade, do not…