A petition against the South Africa Revenue Service’s decision to close a tariff loophole on clothing imported from stores like Shein and Temu has amassed thousands of signatures. Before November 1, importers were required to pay VAT and a 45 percent tax on clothing priced over R500. For items under R500, however, a “concession” was […]

The top downloaded app in Nigeria’s Google Play Store and Apple software Store right now is Temu, a Chinese e-commerce firm. With more than 500 million downloads on the Android store, the app has become the most popular just a few days after entering the Nigerian market. OPay is currently the second most popular app […]

After a successful four-year run in South Africa, Yaga, a popular preloved goods marketplace app, has officially expanded its operations to Kenya. With nearly 2 million items sold and KSh 4.2 billion earned by sellers in South Africa, Yaga is set to transform the Kenyan market for second-hand goods. Top sellers on the platform can […]

Temu, the Chinese e-commerce giant, officially launched its operations in Nigeria on Wednesday, aiming to disrupt the local market with its direct-from-manufacturer model. This entry follows its successful debut in South Africa and is part of a broader strategy to penetrate the African e-commerce landscape. Temu, launched in 2022, is owned by PDD Holdings, the […]

The Ministry of Industry and Ethio Telecom recently convened with stakeholders and representatives from the manufacturing sector to discuss an innovative e-commerce digital marketing platform aimed at modernising the industry. This development, announced by Ethio Telecom on Tuesday, promises significant improvements in the sector. The platform is revolutionary for the manufacturing sector, according to Minister […]

Jiji, Kenya’s leading online marketplace, has kicked off its highly anticipated Black Friday sale, offering customers up to 85 percent off a wide range of products. This exciting announcement was made on November 16, marking the start of an unparalleled shopping experience for Kenyans eager to snag the best deals of the year. Focusing on […]

The Growth4Her Accelerator, launched on October 16, aims to close Africa’s gender finance gap by supporting female entrepreneurs in Nigeria. It helps scale women-led businesses through resources, mentorship, and networking opportunities. Through training, funding opportunities, and strategic partnerships, Growth4Her seeks to bridge the gender financing gap in Africa by providing women entrepreneurs with the capacity […]

Metrofile Kenya, an information and records management leader, has partnered with the Kenya Association of Records Managers and Archivists (KARMA) to fast track digital transformation across Kenya’s records management sector. The partnership was officially unveiled at the 8th annual KARMA conference, held between November 4 and 8 at Lake Naivasha. At the conference, officials highlighted […]

Jumia Technologies AG, the e-commerce giant, reported a $20.1 million operating loss in Q3 2024, a 10 percent increase compared to the $18.3 million loss in the same quarter last year. The 12-year-old company shared this in its financial report released on Thursday. The company reported revenues of $36.4 million, a 13 percent drop compared […]

Ahiyoyo, a leading e-commerce company in Benin Republic, is redefining how Africans shop internationally by solving key challenges like accessibility, security, and reliable delivery.  Tailored to meet local needs, Ahiyoyo offers a trustworthy online shopping experience connecting African consumers and businesses with global products through seamless and user-friendly processes. Read also: Jumia exits South Africa, […]

MTN Nigeria reported a profit after tax of N4.1 billion for Q3 2024, which ended in September, despite ongoing economic challenges. However, the operator recorded a significant overall loss of N514.9 billion for the nine-month period, mainly due to substantial foreign exchange (FX) losses, offsetting the Q3 profit. For the nine-month period, MTN Nigeria posted […]

Nigerian banks have received a severe warning from the Federal Competition and Consumer Protection Commission about persistent outages that have affected customers’ access to online banking services. The commission voiced worries that frequent interruptions make it more difficult for clients to access money, send payments, and finish necessary activities. “These disruptions have negatively impacted millions […]

Old Mutual, a South African insurance provider,  launched Moneyversity+, a “financial edutainment” platform, on Thursday. The platform was designed to equip locals with the requisite knowledge regarding their finances. According to the website, Moneyversity+ is “your plus one for financial wisdom where learning about money feels like an exciting adventure.” Having initially soft-launched in June, […]