Jumia, a prominent e-commerce platform in Nigeria, officially inaugurated its new integrated warehouse and logistics network facility in Lagos. Sunil Natraj, CEO of Jumia Nigeria, thanked the Nigerian people—especially their partners, suppliers, and advertisers—during his welcome address. Nigeria was hailed as Jumia’s “home” and “main bedroom” as he emphasised the country’s potential. Read also: Jumia […]

Kenyan e-commerce platform Copia serves low-income families and is considering laying off hundreds of employees or quitting the business altogether. The company has stated that these actions are necessary to “ensure the sustainability of its operations” following financial difficulties. The company informed its staff through an online memo that they have been unable to resolve […]

Workjeje, a dynamic online platform designed to connect urban Nigerians with top-notch service providers in their local areas, has emerged as a vital resource in Nigeria’s bustling urban centres. The inception of Workjeje in 2021 by Fortune Nwankwo, Collins Onyebuchi, and Ejike Anthony, all students at the University of Nigeria, stemmed from a shared frustration […]

Axmed, a pioneering B2B marketplace platform, has recently secured a $2 million seed investment to revolutionise access to essential medicines in low and middle-income countries (LMICs).  The seed funding round, spearheaded by Founder Ventures, complements a $5 million grant from the Bill and Melinda Gates Foundation, culminating in $7 million raised for Axmed’s mission. This […]

The U.S. Trade and Development Agency (USTDA) has entered into a grant agreement with Wilken Group Ltd, a Kenyan telecommunications company, to conduct a feasibility study to bridge Kenya’s internet affordability gap. This initiative involves the development of new fibre optic and 5G infrastructure spanning from Mombasa to Malaba. The signing ceremony for this grant […]

It’s essential to get things done quickly these days, even if they’re just basic things like food shopping. When there are queues at the register, it can be hard to wait our turn. For a small fee, what if you could skip the queues altogether? TechStars-backed Jump n Pass aims to solve the age-old problem […]

The sixth annual Africa’s Business Heroes (ABH) Prize Competition is currently seeking ten outstanding entrepreneurs across the continent who are working hard to improve their communities.  The application form is available on the ABH website until May 19. Ever since it started in 2019, ABH has been showcasing and supporting some of the most brilliant […]

Startbutton, a “merchant of record” based in Nigeria, is enabling companies to take payments in local currencies and handle local compliance without setting up shop in the country. In 2022, Mallick Bolake and Kelechi Obi co-founded Startbutton to help multinational businesses accept payments in local currency across Africa. The company then settles the payments in […]

Nigerian B2B company, Timart, is employing technology to improve the way business owners operate through the “Timart Business App”. Mr Chimezie Onwudiwe, the Chief Marketing Officer of Timart Business Solution, shared how the app has improved inventory and business management in an interview with Techpression. Customers of hospitality businesses can now bypass waiters and other […]

Samsung has unveiled the Galaxy Ring mobile device, its much-anticipated bright ring.  The Galaxy S24 series was featured at Unpacked 2024, which preceded the reveal. The announcement highlights the Galaxy Ring and its potential to change how we see and manage our health. Samsung anticipates AI-powered mobile devices providing unprecedented health metrics. The organisation believes […]

The Federal Government of Nigeria has escalated its crackdown on the crypto exchange platform Binance, demanding a staggering $10 billion in retribution.  This move follows Binance’s settlement of $4.3 billion for criminal money laundering charges in the U.S.  The government’s pursuit of retribution aims to salvage the nation’s local currency value amidst allegations of substantial […]

Nomfro Technologies, a leading provider of digital solutions for African businesses, has  launched the fourth edition of its Entrepreneurship Empowerment Project (NTEEP), offering training, mentorship, and exposure to 500 startups The project is a comprehensive support program that aims to empower 500 African startups with the essential tools, skills, and connections they need to grow […]

South Africa’s vibrant fintech sector is set to experience a significant transformation with the upcoming introduction of the Conduct of Financial Institutions (COFI) Bill.  This pivotal legislation aims to streamline and unify the complex web of financial regulations into a cohesive industry standard, potentially reshaping the operational landscape for financial institutions across the board. Consolidating […]

SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, is launching SOLV Ghana, a business-to-business (B2B) online marketplace that offers micro, small, and medium enterprises (MSMEs), short-term invoicing financing, buy now pay later services, and business loans via a trusted marketplace of verified buyers and sellers. Empowering MSMEs in Ghana “At SOLV, our mission […]

PalmPay, a leading Fintech company, has bolstered its in-app safety features to shield users from the surge in fraudulent activities within the digital banking system. The increase in fraudulent incidents has particularly impacted the fintech ecosystem in Nigeria, with Mobile, Web, and Point of Sales (POS) terminals being prime targets for fraudsters in 2023. The […]

MoneyHash, an Egyptian fintech startup, has recently secured a significant milestone by raising $4.5 million in seed funding. This injection of capital signals a vote of confidence in MoneyHash’s vision to transform the landscape of financial transactions across Africa. At its core, MoneyHash aims to facilitate payments in Africa through innovative fintech solutions, leveraging technology […]

Choosing the right robot vacuum for your needs can be overwhelming, especially when comparing high-end models like the iRobot Roomba j7+ and the Roborock S7 MaxV Ultra.  Both offer impressive features and boast intelligent navigation, powerful cleaning, and convenient self-emptying docks. However, some key differences might influence your decision. When tackling dirt, dust, and debris, […]

The Federal Government of Nigeria’s government has detained two senior executives of Binance, a prominent cryptocurrency exchange company in Africa. This move comes in the wake of escalating tensions surrounding the regulation of cryptocurrencies in the country, with significant implications for both the financial sector, national security and the Nigerian economy. The Arrest and Regulatory […]

Data storage is essential for businesses because it helps with operations, efficiency, and expansion. Businesses are able to keep track of a plethora of information, including client purchases, product specifications, and market tendencies, due to data storage. When used for research, decision-making, and strategy development, this data is invaluable. It makes it easier to meet […]

A new electric motorcycle venture has been launched in Kenya, thanks to a partnership between Kofa, a Ghanaian energy storage company, and Autopax, a Kenyan assembly and distribution company.  The venture aims to provide sustainable and affordable transportation solutions for the African market, especially for boda-boda services, corporate fleets, and personal use. The partnership was […]