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, […]

Uber Eats, a popular online food ordering and delivery service, has launched new in-app safety features to protect its couriers amid increased theft and violence among eCommerce delivery workers in South Africa.  The platform will implement safety measures to make its delivery partners’ workplaces safer and promote road safety for all motorists. Read also: Uber […]

InDrive, the global mobility and urban services platform, will offer ride-hailing in Harare, Bulawayo, Gweru, and Mutare in Zimbabwe. InDrive’s Harare courier debut enhances users’ convenience.  It also supports citizens’ and companies’ mobility demands with seamless intercity connectivity across key cities. Read also: Bidding Wars: Bolt vs inDrive InDrive brings equitable mobility to Zimbabwe Through […]

Waza emerges from stealth with $8M seed funding to tackle global trade liquidity gaps in Africa. The YC-backed platform addresses supply chain payment pain points for African businesses, targeting a $7T market with $250B revenue potential. Earlier this year, a reporter stated that cross-border fintech and payments are a hot segment, particularly for Y Combinator-backed […]

Recently, Greenspoon, a well-known online grocery delivery service in Kenya, teamed up with ROAM to improve delivery services by adding electric motorcycles to its fleet. This partnership is a significant step towards efficient and sustainable urban service delivery. Greenspoon is implementing ROAM’s electric motorcycles to lessen its carbon footprint while preserving quick and dependable delivery […]

The world’s second-largest wine and spirits company, Pernod Ricard, bought 1.27 million shares in Jumia’s recently revealed secondary sale. Pernod Ricard makes popular drinks like Jameson. A recent legal filing shows that the global spirits seller’s share in Jumia rose from 6.4% to 7.5%. It’s not clear how much the global spirits seller paid for […]

PressOne Africa was founded in 2021 by long-time friends Opeyemi Shokunbi and Mayowa Okegbenle. The platform enables businesses of any size to set up a phone system for their sales or customer support team in as little as ten minutes. PressOne has liberated African firms from the consequences of permitting workers to utilise their lines […]

The China-based Alibaba Group‘s international online retail affiliate, AliExpress, is allegedly planning to enter the Ethiopian market. According to Dr. Abiyot Bayu, Senior Advisor to the Minister of Innovation and Technology of the East African nation, the agreement has been concluded. An official announcement is expected soon. The Ethiopian Ministry of Innovation and Technology announced […]

Jumia, an African online retailer, reported an operational loss of $20.2 million in the second quarter of 2024 amid a 17% drop in sales. Nonetheless, the company’s Q2 loss indicates that it reduced its losses by 8% compared to the previous year when it reported an operational loss of $22.1 million. The group’s revenue during […]

Bolt, a worldwide ridesharing platform, has collaborated with Advancly, a B2B firm promoting the adoption and expansion of the credit economy in Africa, to give its drivers access to credit and help them meet their immediate financial needs. Providing loan financing to African entrepreneurs to grow and scale their enterprises, Advancly has Powered Progress for […]

In a rather queer turn of events, nine former employees of the Kenyan e-commerce firm Wasoko have announced that they are throwing in the towel on their lawsuit against the company for wrongful dismissal. That comes less than a month after a Kenyan court quashed an existing order that had required Wasoko to keep them […]

Klasha is one of the biggest companies in the world that helps people send money across borders. They are excited to say that they have signed an MOU with the China-Africa Chamber of Commerce in Yiwu and Rocher Global to offer their businesses cross-border payment services. The CEO of Klasha, Jess Anuna, accepted an offer […]

A cosmetics firm called Uncover, with its headquarters in Kenya, has acquired $1.4 million in Seed II funding to support its plans to expand into Ghana, Uganda, and the US. The round was headed by IgniteXL Ventures and EQ2 Ventures, with participation from Chui Ventures, Samata Capital, and Altree Capital. This comes after Uncover successfully […]