Nigerians Are Selling Unused Items Worth USD 526 million on MoboFree.com

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MoboFree said it expects the total volume of items for sale in its marketplace to reach USD 1.5 billion by 2015 mobofree–MoboFree.com (http://www.mobofree.com), the leading African social marketplace, today announced that the total volume of items currently for sale in its marketplace is worth USD 526 million and is expected to reach USD 1.5 billion by 2015. With 3.3 million registered users, including 2 million in Nigeria and a strong footprint in Zimbabwe, Uganda and Ghana, MoboFree.com is among the largest and most successful mobile social and trusted classifieds platforms in Africa. MoboFree members upload thousands of new classifieds every day, generating an average of 60 million page impressions monthly. The best-selling items on MoboFree.com are phones, tablets and mobile devices, followed by clothes, fashion and beauty and electronic devices. The MoboFree technological platform makes buying and selling online easy for any African user with any device, not only for PCs and smartphones but also for old phones with small screens (so called “feature” phones). 1309-140815-1“Africa is home to six of the ten fastest-growing economies in the world. Our strong performance once again confirms the success of our model and is indicative of the high level of activity in all markets in which we operate. We are now looking for new partners with which to share our exciting expansion plans as we see enormous opportunities arising in Africa,” said MoboFree CEO and co-founder Neringa Kudarauskiene. MoboFree is a social marketplace with a unique user-centric approach rather than the traditional item-centric approach. MoboFree allows its buyers and sellers to obtain a large amount of personal information about one other – ranging from photos and mutual friends to ratings or other data that enables identification of whether or not a person is trustworthy. Negotiation and communication during the buying/selling process is a very important part of African culture. MoboFree allows its members to communicate and negotiate conveniently without leaving the platform. They can do this via private messages or via chat. MoboFree members send over 8 million private messages per month. MoboFree.com (http://www.mobofree.com) is a leading African social marketplace allowing people to buy, sell and swap products and services with other trusted people. MoboFree.com combines a social network and classifieds board into one integrated online platform and makes buying and selling online more fun, personal and safe.   [caption id="attachment_11190" align="alignleft" width="150"]MoboFree CEO and co-founder Neringa Kudarauskiene MoboFree CEO and co-founder Neringa Kudarauskiene[/caption] Over 3.3 million users are registered on MoboFree and together they generate on average around 60 million page impressions monthly. More than 2 million registered users are from Nigeria. MoboFree currently has more than 3.3 million registered users, with more than 2 million users in Nigeria and a leading position in several other African countries such as Uganda and Zimbabwe. MoboFree users generate on average around 60 million page impressions monthly and upload thousands of new classifieds daily. The project sees ~3000 new registered members added every day.]]>

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President of Rwanda Paul Kagame said more chances are that he will not be running for another term after completing his third seven-year mandate in 2024. He revealed this during the weekend while in Qatar for Doha Forum. Bloomberg reported that during the forum, Kagame was asked if he will be seeking another term after expiration of current one. Kagame replied that it is most likely that he will step down because of the ways things are and the fact that he wants to rest. “Most likely no. I want to have some breathing space but given how things are and how they have been in the past, I have made up my mind where I am personally concerned, that it is not going to happen next time” he answered. Kagame led RPF military wing that stopped genocide against the Tutsi in 1994, and that party ruled the country ever since. He became vice president, the position he held until 2000 when he was elected as an interim president replacing Pasteur Bizimungu who had resigned early that year. Kagame got elected in general elections thrice, in 2003, in 2010 and in 2017 after revising constitution where the article which was barred him from running was amended. In Doha, Kagame criticized democracy teachers from abroad, who want to determine the future of Africa and what is best for the continent. “Term limits don’t mean one thing everywhere or every time. However, this doesn’t justify what some African leaders have done. Some people can spend longer time in office and it is justified and others it is not. Some leaders make it look like it’s the choice of the people and it is not and where it happens it should be respected” he added. President Kagame is praised for having transformed the country after genocide of 1994, building a booming economy and social welfare of the people. He is however, criticized for ruling the country with iron fist, by pressing hard his opponents and little freedom of speech. Rwanda’s constitution that was amended in 2015 allows Kagame to run for presidency until 2034.

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