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Thinking about Jumia and the future of e-commerce

November 13, 2023November 17, 2023 admin

In 2012, Jumia, Africa’s first ecommerce giant, revolutionised shopping by offering the service online, alongside shipping. Since then, they have grown as a market leader over the African continent. They have also gone on to list their shares on the stock exchange, in 2019. The listing went well; their stock prices surged 75% on its first day of trading. This made the company a unicorn with an over $3 billion valuation. But four years after that IPO, everything has crashed. Its stock now trades at somewhere around $4, losing nearly 70% of its value since its listing date.

Is the African Football League a New Dawn for the Continent?

October 23, 2023October 24, 2023 admin

In a historic moment for African football, FIFA President Gianni Infantino attended the African League Football (AFL) opening ceremony in Dar es Salaam, Tanzania. The AFL is poised to redefine club football on the continent, focusing on elevating the sport’s quality and boosting financial prosperity. This article explores the significance of the AFL and FIFA’s

Why PE firm Alitheia is banking on women in Africa

October 20, 2023October 20, 2023 admin

Tokunboh Ishmael, Alitheia IDF co-founder and an early investor in the African tech space, shares perspectives on impact investing.

Microsoft and M-PESA Africa Collaborate to Build Digital Skills Among African SMEs

October 18, 2023October 24, 2023 admin

Microsoft’s partnership with M-PESA Africa aims to digitally upskill Micro, Small, and Medium Enterprises (MSMEs) across Africa, bridging the skills gap and fostering economic growth. Discover how this collaboration is set to transform the future of African small businesses.

Airtel Launches $16 Smartphone in Rwanda As Part of Digital Inclusion Efforts

October 17, 2023October 24, 2023 admin

irtel Africa, in partnership with the Rwandan government, introduces an affordable 4G smartphone as part of the ConnectRwanda 2.0 initiative. Discover how this public-private partnership is set to boost digital inclusion and drive economic growth.

Microsoft and Flutterwave Forge 5-Year Strategic Partnership to Boost African SMEs.

October 17, 2023October 24, 2023 admin

Microsoft’s partnership with Flutterwave aims to revolutionize payment solutions for African SMEs. Discover how this collaboration will drive economic growth and digital financial inclusion across the continent.

Kenya Grows Tech Influence With Launch of Amazon Web Services Centre

October 9, 2023October 9, 2023 admin

Kenya, often referred to as the “Silicon Savannah” due to its growing influence in the world of information and communication technology (ICT), continues to strengthen its position as a global tech leader. Its forward-thinking policies, favorable investment climate, and a burgeoning population of tech-savvy youth have made it an attractive destination for some of the

Rwandan National Claver Gatete Appointed ECA Executive Secretary

October 8, 2023October 9, 2023 admin

United Nations Secretary-General António Guterres made a significant announcement on Friday, appointing Claver Gatete of Rwanda as the incoming Executive Secretary of the United Nations Economic Commission for Africa (ECA). This appointment comes as a transition from the commendable tenure of Vera Songwe of Cameroon, the former Executive Secretary, and Antonio M. A. Pedro of

Equity Bank and Mastercard Join Forces to Revolutionize Digital Payments in East Africa

September 26, 2023September 26, 2023 admin

Equity Group has entered into an ambitious Customer Business Agreement with Mastercard based on a shared vision of empowering customers and businesses across the East African region. This strategic partnership aims to provide customers various benefits by offering different Mastercard payment solutions, including World and World Elite cards, corporate cards, and virtual cards. Moreover, it

Kenyan Insurtech Acquires MicroEnsure to Expand into Ghana Market

September 25, 2023September 25, 2023 admin

Kenyan insurtech company Turaco is making strategic strides to extend its African presence. Recently, Turaco announced its acquisition of MicroEnsure Ghana, which marks its entry into the West African market. Established in 2019, Turaco has rapidly gained recognition for its innovative use of technology to provide affordable insurance solutions. This article will delve into the