Connect with us
nairametrics

Business News

Kwik Delivery is an all-season enabler of growth for Nigerian commerce

African retail is very fragmented by nature and that is because margins are often slim, traders keep inventory levels at a bare minimum.

Published

on

Kwik Delivery,Kwik secures €2 million to scale up, as Gokada, Max enter delivery market

In an exclusive interview with Romain Poirot Lellig, Founder & Chief Executive Officer, Africa Delivery Technologies, a tech company trading as Kwik Delivery, he told Nairametrics that the African retail is very fragmented by nature and that is because margins are often slim. Excerpts:

Kindly introduce yourself

I’m the Founder & CEO of Africa Delivery Technologies, a tech company trading as Kwik Delivery. Kwik is using the power of data to provide B2B platform services to Africa merchants, in the domains related to last-mile logistics and trade. We launched our breakthrough on-demand delivery service in Lagos last June and we just crossed the 6000th B2B signed up users mark. Our user base ranges from the Shoe Revamp shop and the Barman.ng liquor store in Yaba to CFAO’s Winpart and prestigious banks and law firms.

Tell us about Kwik Delivery and how it came about?

Kwik’s objective is to enable corporations and traders in large African cities to do “just-in-time” deliveries to their suppliers and customers. African retail is very fragmented by nature. Because margins there are often slim, traders keep inventory levels at a bare minimum. This means that when they need to replenish their stock, they don’t sell and by definition they lose revenue. Just-in-time deliveries are helping manufacturers, wholesalers and retailers to address that critical issue.

GTBank 728 x 90

READ MORE: Andela explains startups’ preference for Venture Capitalists over banks

What are the unique features that differentiate you from the rest of your competitors?

Kwik delivers across Lagos State within 2 hours. Customers just have to download our app and can make requests and track their deliveries. We use a fleet of independent contractors that we thoroughly check and control via technology and a very dedicated and hardworking operations team. We just had a record-breaking couple of days with Valentine’s Day as a real booster of commerce in Lagos.

Deal book 300 x 250
GTBank 728 x 90

How would you rate the Nigerian business operating environment, bearing in mind how government policies affect startups like yours?

Nigeria is all about opportunities, and there are no opportunities without challenges. On one hand, citizens need to be protected; on the other hand, Lagos has firmly positioned itself as a major hub of innovation in Africa and this needs to continue. The future of African tech is largely being built in Lagos today.

Tell us about the biggest challenges you face as a delivery startup in Lagos?

Without any doubt, the biggest challenge is to convince founders that Nigeria is open for business and that several models that coexist in the same space. Successful entrepreneurs are distinguished by their capacity in convincing funded that it is worth doing things differently.

[READ MORE: Leveraging Tech to drive govt agenda, a must to keep up with changing times- Ogunlesi, SA, to President on New Media)

Jaiz bank ads

Do you think the Lagos State Government does a lot to support innovative startups?

Fidelity ads

I used to work in government in France and abroad and I’m deeply aware of the difficulty to balance out the various priorities that you are facing as a policymaker, especially in a state as large and complex as Lagos.

Where do you see Kwik Delivery in the next five years?

We are well on our way toward 10 000 B2B deliveries per month later this year. In the next five years, we will operate in multiple cities across Africa and continue to introduce disruptive services in Lagos and elsewhere.

Nairametrics frequently publishes articles from experts such as financial analysts, economists, researchers and investors. We also feature articles from guest writers and bloggers who wish to push their views and opinions through our platform. To get your articles on Nairametrics, kindly send an email to [email protected] and we will publish it within 24 hours of approval by our editorial team.

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Business News

Lagos state moves against fake news and inciting messages merchants

The government has warned fake news and inciting message merchants to stop their evil enterprise or face legal consequences.

Published

on

The Lagos State Government has warned against fake news and inciting messages as they react to videos in social media and online space, creating tension and encouraging ethnic conflicts.

This was contained in a statement that was issued by the Lagos State Commissioner for Information and Strategy, Gbenga Omotosho, on Saturday, October 24, 2020.

In the statement, Governor Babajide Sanwo-Olu urged Lagosians to disregard the videos, which are the tools of anarchists, whose plan is to create hatred and divisiveness for which Lagos is not known for.

The statement partly reads, ‘’Inciting videos of this nature are not what our land needs now, following the loss of lives and destruction that fake news, misinformation and unfounded rumours have triggered in our dear state in the last couple of days.

‘’The government appeals to Lagosians to disregard the calls of ethnic and religious jingoists as well as agents of destruction who are on a mission to destroy our state by pitching us against one another for yet to be ascertained reasons. This is a very critical moment for us as a people. It is, therefore important that we stand together and remain circumspect because the brewery of falsehood is unrelenting in its mission.’

GTBank 728 x 90

The commissioner said Lagos State is the melting point of various cultures, tribes and religions across Nigeria and noted we have co-existed harmoniously for ages and will continue to live together peacefully.

He pointed out that the sad incident of the past few days affected everyone who lives, trades or works in Lagos, regardless of their tribe, culture, race and religion. He said this is a time for us to empathize with one another and not listen to purveyors of evil messages, especially on social media.

Omotosho said the government will continue to protect lives and property and warned fake news and inciting message merchants to stop their evil enterprise or face the legal consequences of their destructive actions.

GTBank 728 x 90

 

Continue Reading

Appointments

TCN MD, Sule Abdulaziz appointed Chairman of West Africa Power Pool

The acting Managing Director of TCN, Sule Abdulaziz, has been appointed the new Chairman of WAPP.

Published

on

TCN MD Abdulaziz, four other directors receive appointment letters

The acting Managing Director of Transmission Company of Nigeria (TCN), Sule Abdulaziz, has been appointed the new Chairman of the Executive Board of West African Power Pool (WAPP). Abdulaziz was nominated by the former Managing Director of Power Holding Company of Nigeria (PHCN), Joe Makoju, who is an honorary member of WAPP.

READ: NNPC signs gas development and commercialization deal with SEEPCO

This disclosure was made by TCN’s General Manager, Public Affairs, Mrs Ndidi Mbah, through a public statement in Abuja on Thursday, October 22, 2020.

In her statement, Mbah revealed that the West African Power Pool was created by Decision A/DEC.5/12/99 of the 22nd Summit of the ECOWAS Authority of Heads of State and Government, and adopted during the 29th Summit of the ECOWAS Authority of Heads of State and Government held in Niamey, Niger.

READ: Indian firm, Ramco signs partnership deal with Nigerian airline

GTBank 728 x 90

The appointment was made during the 46th meeting of the WAPP Executive Board which was chaired by the Secretary-General of ECOWAS, Ki Sengui, and held through video conference on October 21.

The statement from Mba partly reads, “While making the nomination, Makoju noted that Abdulaziz is an expert in engineering with vast experience in the electricity sector and therefore will perform creditably as the new WAPP Executive Board Chairman.

READ: Continental Reinsurance Plc acquires 100% ownership of its Botswana subsidiary

GTBank 728 x 90

“His proposal was endorsed by MDs and Director Generals and other members of the board,” she said.

According to the statement, Abdulaziz in his acceptance speech thanked the board members and the honourary members for his nomination as the Chairman of the board and assured them of his total commitment to the overall objective of the regional electricity body.

READ: A bitter family feud has continued to hamper this company’s growth

He also expressed the need to move the pool to the next level of operational efficiency and solicited the support of member utilities, especially members of the executive board in this regard.

Explore Data on the Nairametrics Research Website 

Jaiz bank ads

He urged members to ensure prompt payment of their contributions to the pool and also continue to collaborate actively with the secretariat to ensure effective and efficient coordination and implementation of all WAPP programmes.

Fidelity ads

Continue Reading

ENDSARS

President Buhari to address Nigerians on Lekki toll plaza shootings after investigation 

Minister of Sports says President Buhari will address Nigerians on the Lekki Toll Plaza shootings at the completion of investigations.

Published

on

President Buhari to address Nigerians on Lekki toll plaza shootings after investigation , Youth Investment Fund:  Ministry of Finance and CBN to launch provision of funds- Minister

President Buhari will address Nigerians on the Lekki toll Plaza shootings, as he awaits the outcome of the investigations into the shootings of unarmed #EndSARS protesters by soldiers.  

This disclosure was made by Mr. Sunday Dare, the Minister of Youth and Sports Development, during an interview with Arise TV on the unrest and uncertainties gripping Nigeria following the protests over police brutality. 

READ: #EndSARS: United Nations condemns the use of excessive force by Nigerian Armed Forces

The Minister emphasized that the President during the National Security Meeting yesterday has ordered an investigation into the Lekki Toll Plaza shooting, and thereafter he would speak on the incident. 

READ: #EndSARS Protests: Osinbajo commiserates with victims of Lekki shootings

GTBank 728 x 90

What they are saying 

When asked by Charles Aniagolu of Arise TV why the President hasn’t made an official statement on the unfortunate event at the Toll Plaza, Mr. Dare explained in his response that President Buhari hasn’t made a statement on the tragedy because he wants to have all the facts, which will absolutely be made public.  

READ: Buhari presented with gold bars mined in Zamfara as Nigerian prepares to launch PAGMI scheme.

“It is important to get all the facts right before we go forward. In this case, it’s going to be difficult to hide these facts because we live in a multimedia world and we have pieces of evidence and corroboration and I think it is important to get the facts right.

GTBank 728 x 90

READ: #EndSARS: Feminist Coalition raise Cryptos worth $126,000

“I think that’s the part the President has towed and I am sure that when the facts are made available, this President – because he has integrity – will level with the Nigerian people about what happened on Tuesday in Lekki.” 

Mr. Sunday Dare said the present administration’s commitment to protecting the rights of all citizens is unshaken. He reiterated that in line with this core mandate, a presidential pronouncement was made by the Presidency to permanently dissolve the notorious SARS group. 

Explore Data on the Nairametrics Research Website 

He disclosed that the level of responsiveness and concrete steps that the President has taken to stem down civil unrest in the country is commendable, as the #5 of 5 demands are fully accepted by the President. 

Jaiz bank ads

Fidelity ads
Continue Reading
Advertisement
Advertisement
Advertisement
ikeja electric
Advertisement
Advertisement
Patricia
Advertisement
FCMB ads
Advertisement
IZIKJON
Advertisement
Fidelity ads
Advertisement
first bank
Advertisement
bitad
Advertisement
Stallion ads
Advertisement
financial calculator
Advertisement
deals book
Advertisement
app
Advertisement