Jumia Says Annual Growth Rate for E-Trading in Egypt Hit 5%

Mattia Perroni, One of the Founders at Presso Jumia Egypt-Rocket Internet GmbH, has asserted that the Egyptian market is experiencing with a significant growth rates in e- trading , registering 5% annual growth rate, noting that the trading via internet is around 1% in the current phase, expecting for a boom within the coming period.

Perroni has explained that the website is celebrating for its first anniversary in the local market, e-trading experienced by significant growth rates in the last seven years, as the prevalence rates in 2013 are 13%, compared to 3% in 2006.

Perroni said the prevalence rate of e-trading in Europe has reached 10% during the current year, against 1% in 2006, asserting that Turkey which is considered to be one of the most countries using marketing and e-trading in Middle East, has passed by 0.5% growth rates in 2006  and it has recorded 9% in 2013.