Finance

Economic recovery: QNET partners private sector for transformative growth

A global e-commerce and direct selling leader, QNET Ltd., on Wednesday officially announced its partnership with private sector for economic recovery and transformative growth.
Speaking at the launch, Mr Biram Fall, Regional General Manager, Sub-Saharan Africa for QNET announced a major partnership with Transblue Ltd., to see the latter become QNET’s lead market partner in Nigeria.
Fall said, “The entry of QNET in Nigeria is in line with the government of Nigeria’s vision to partner with the private sector to effectively achieve the desired economic recovery and transformative growth.
“At QNET, we intend to play our part by boosting entrepreneurship in Nigeria through our well-established global e-commerce and direct selling ecosystems.”
He described partnerships as a key pillar of QNET’s business model, adding that the firm was delighted to unveil its partnership with Transblue Ltd.
Fall said that the partnership would leverage Transblues’ robust market presence and local expertise to enhance customer service.
According to him, it will provide training to QNET independent representatives, and facilitate faster access to the firm’s products, among other areas of collaboration.
Fall said that the e-commerce and direct selling business sectors had grown exponentially over the last few years, lifting millions of Nigerians and Africans out of poverty.
He said that the global e-commerce market was valued at  9.09 trillion dollars in 2019 and was expected to grow at a Compound Annual Growth Rate (CAGR) of 14.7 per cent from 2020 to 2027.
“Direct selling, which is a retail channel used by top global brands and smaller, entrepreneurial companies to market products and services to consumers, also continues to grow, with total retail sales amounting to 179.3 billion dollars in 2020 globally (WFDSA Latest Report ).
“QNET brings its global experience in both sectors to bear in Nigeria while leveraging the local footprint and network of Transblue Limited,” he added.
Fall said that QNET provided customers around the world with unique high-quality products and services while providing an opportunity for Independent Representatives (IRs) to build a sales business by promoting these products.
The general manager said that this enables IRs to retain the freedom to run a business on their own terms, with the full support of a cutting-edge e-commerce ecosystem, efficient logistics and market-leading customer service.
In his remarks, Mr Abiodun Ajisafe, Managing Director of Transblue expressed delight in partnering with QNET.
Ajisafe said: “We are confident that our mutual strengths will help bring Nigerians a unique opportunity to generate additional income.
“Not only does this partnership provide access to unique, high-quality products, it also provides a business model that has been tested globally, and that is locally supported.”
Transblue is a center of excellence in Customer Service, Logistics and Compliance Management in Nigeria.
The company has been at the forefront of providing businesses with freight support, advisory services and end-to-end compliance management services that expand product accessibility across Nigeria.
As part of events earmarked for the launch, QNET and Transblue embarked on their maiden Corporate Social Responsibility visited the Bab Es Salaam Orphanage in Ikeja, Lagos, where the partners donated several items across products to the children.

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