Browsing: Jumia

MTN may sell shares in Jumia

MTN Group is exploring a sale of shares in African online retailer Jumia and values the company at as much as US$1-billion, according to people familiar with the matter.

Safaricom turns to bikers to boost e-commerce

Safaricom, the Kenyan mobile phone company that runs a money transfer service almost the size of the East African nation’s economy, invested in a courier service business in an effort to stimulate e-commerce and gain a foothold in growing

Jumia parent raises billions for growth

South African telecommunications group MTN, along with investment firm Rocket Internet and investment bank Goldman Sachs, have announced they are pumping €300m, or more than R5bn

Black Friday deals: online retailers gear up

Traditional retailers and online stores are gearing up for Black Friday, which is likely to give the South African retail sector a pre-Christmas boost. Black Friday originated in the US and is the Friday after the American Thanksgiving when retailers sell their merchandise

E-commerce takes root in Nigeria

Early e-commerce market entrant in Nigeria, Naspers’s, came and went, with many suggesting it was inevitable given that the number of online customers was tiny. But Rocket Internet start-up Jumia and Konga, backed by Sweden’s Kinevik and Naspers, are now estimated by those