Jumia Technologies will close its South African online fashion retailer Zando by the end of the year.
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Jumia will close its food delivery business in all seven African countries in which the unit operates by year-end.
SpaceX will partner with e-commerce firm Jumia Technologies to expand its Starlink satellite broadband services in Africa.
Nigerian tech start-up TeamApt is in the market raising its third round of funding at a value of more than $1-billion.
Nigerian banks are only now starting to counter the emerging fintech firms riding the online wave spurred by the pandemic. They’re also deploying their political muscle with regulators.
MTN Group is in advanced talks to sell stakes in tower assets in Ghana and Uganda worth as much as R8-billion as Africa’s largest wireless carrier looks to accelerate a broader disposal plan.
Jumia Technologies’ plan to expand its online retail and trading platform in less developed parts of Africa has long had one significant challenge: a lack of formal addresses for deliveries.