In 2022 Chief will set up online B2C shopping platform Guomall.com

With the CHIEF company's four brand products: Boxer series, Superkill series, Confo series, Papoo series in west Africa's growing brand awareness and brand benefits, more and more West African consumers on the demand for our products is also increasing.

Thanks to improved Internet infrastructure in West Africa and the growing popularity of smartphones. Chifei will invest in its own mall in Nigeria (www.guomall.com). As Africa's largest economy with a population of more than 200 million, Nigeria's Internet penetration through GSM stood at 74.5% at the end of 2021, with the Internet driving an increase in online buying activity. Nigeria's e-commerce market is estimated to be worth around $13 billion (54 trillion naira), with 87 e-commerce platforms operating in the country, notably Jumia, Jiji and Konga. In 2021, Jumia was the most popular online marketplace in Nigeria with 147 million active users, according to Statista. Data shows that Nigerian consumers are most likely to shop online in the following categories: food, personal care, clothing, beauty products and electronics. About 160 million bank accounts were recorded in Nigeria as of May 2020, with 111.5 million active bank accounts, according to the latest data from the Nigerian Interbank Clearing System. The emergence of the electronic Naira (a digital currency issued by CBN) and CBN's approval of payment services such as MOMO, Smart Cash, Money Master and 9PSB have further boosted the development of mobile payment in Nigeria and contributed to the progress of the digital payment market in Nigeria. Meanwhile, It also further promotes the development of E-commerce in Nigeria.

At the ECOWAS Summit held in Accra, Ghana on June 19, 2021, the leaders of member states decided to issue the ECOwas currency -- ECO -- in 2027.

Single currency, will replace the current within the west African economic and monetary union, ivory coast, benin, burkina faso, guinea Bissau, Senegal, Mali, Niger Togo circulation of 8 countries in west Africa francs and cape Verde, Gambia, Ghana, Liberia, Nigeria, sierra leone and guinea 7 countries all have their own currencies. The unification of west African currency will promote the development of e-commerce in West Africa. 2022 will be the year that Guomall.com takes off. We've seen Guomall take root in Nigeria and West Africa.


Post time: May-20-2022