E-commerce giants, Naspers, Prosus to lay off staffs by Staff Writer February 6, 2023 0 The e-commerce giant Naspers, which has its headquarters in South Africa, and the European subsidiary of its parent company plan ...
Taelo, Nigeria’s E-commerce raises funding for expansion by Felicia Akindurodoye December 22, 2022 0 Aruwa Capital, a Nigerian early-stage growth equity and gender-lens fund, has given Taeillo $2.5 million in "expansion" capital for its ...
African Ecommerce Giant, Jumia, To Reduce Staff And Product Offerings by Felicia Akindurodoye November 26, 2022 0 Jumia, an African e-commerce company, reported $50.5 million in sales for the third quarter of this year, although engaged customers ...
Jeremy Hodara And Sacha Poignonnec Resign as Co-CEOs of Jumia by Felicia Akindurodoye November 11, 2022 0 Jeremy Hodara and Sacha Poignonnec, the co-founders of Jumia, have resigned from their roles as co-CEOs of the massive African ...
Egypt’s Kenzz e-commerce platform Obtains $3.5 million in Funding by Staff Writer October 29, 2022 0 An Egyptian mass e-commerce firm known as Kenzz completed a seed round of funding totalling $3.5 million. The round was ...
Kenyan e-commerce startup Sky.Garden faces closure by Staff Writer October 10, 2022 0 Sky.Garden, an online shopping platform and marketplace, is set to close due to its inability to raise funds. The brand ...
Capiter fires its founders after fraud allegations by Felicia Akindurodoye September 15, 2022 0 Last September, Egyptian startup Capiter raised $33 million in Series A financing to contend in the nation's developing B2B online ...
Kwik launches e-commerce and delivery platform in Ibadan by Staff Writer August 25, 2022 0 Kwik, an e-commerce and delivery platform based in Lagos, revealed that it has officially launched a service that will aid ...
Jumia Shares Rise After A Tough First Quarter by Staff Writer August 17, 2022 0 Jumia, the African e-commerce giant, has announced its second-quarter financial progress. In the report, Jumia’s shares gained more than 15% ...
Cartona Secures $12 Million in Funding by Pelumi Apantaku August 5, 2022 0 Egypt-based B2B e-commerce platform Cartona has gotten $12 million in a Series A funding round led by Silicon Baida, with ...