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Jumia’s share price falls from 53.82% to $4.89 on Tuesday, after the Africa-based e-commerce brand posted Q2 financial results that disappointed investors. The firm provides e-commerce and delivery services much like Amazon (NASDAQ:AMZN) does in the U.S. Jumia’s Share Price…
Network International, a Dubai-based payment services provider, has launched its new digital payment platform, Network One, in Nigeria. This $250 million platform is designed to empower banks, mobile network operators (MNOs), and fintechs across Nigeria and the broader West African…
Kenya Government, Public Procurement Regulatory Authority, in partnership with GIZ and Strathmore University’s @iLabAfrica, announces the launch of the upgraded Public Procurement Information Portal. The fully automated PPIP will be used for the publication of contract awards and tender notices…
Nigerian-owned startup Sendsprint has acquired Nobel Financial Inc., a US-based global remittance service provider, to expand its footprint and services to customers in the United States. The firm is a cross-border payments startup operating in the UK, Ghana, Kenya, South…
Founders Factory Africa (FFA), an African venture capital, has announced its rebrand and name change to 54 Collective. The company has developed its business model to better support transformative technology ventures across the continent. Founders Factory Africa Rebrands To 54…
The Central Bank of Nigeria has approved the merger of Providus Bank Limited and Unity Bank Plc. This marks a notable milestone in both banks’ development. The approval came after months of the deteriorating financial health of the Unity Bank. …
Google, a prominent leader in AI features and tools, introduced its new sets of ‘Help me’ AI tools. The AI tools include History Search, Tab Organizer, Tab Compare, and more. The search engine giant also added these new features, plus…
Nigeria’s prominent neobank, Kuda, backed by Target Global, has tripled its revenue. This is reportedly stated in its recent audited financial statements, which were filed with U.K. regulators where the startup is incorporated. High Customer Base Leads To Increased Revenue For…
Access Bank Plc has sold off 8% of its stake in its Botswana subsidiary Access Bank Botswana. The action caused the popular Nigerian banking group shares to jump from P1.80 to P2.04. Access Bank Botswana Sells Stock as Growth and…
Spiro Launches E-Bikes in Ogun: Spiro, Africa’s largest electric vehicle (EV) player, has announced the official launch of its operations in Ogun State. The launch ceremony on July 31, 2024, at the Arcade Ground, Ogun State Governor’s Office, Oke-Mosan, Abeokuta,…
