| Date | Title | Description |
| 15.09.2024 | Funding the Future: The Landscape of Venture Capital in African Startups | In recent years, Africa has become an emerging hotspot for venture capital (VC) investment, driven by a combination of rapid technological innovation, a growing middle class, and increasing internet penetration. African startups are address... |
| 25.08.2024 | Artificial Intelligence and Machine Learning in African Industries | Artificial Intelligence (AI) and Machine Learning (ML) are revolutionizing industries across Africa, offering innovative solutions that drive efficiency, enhance decision-making, and foster economic growth. These technologies are being appl... |
| 16.08.2024 | Breaking: Jumia raises $99.6 million in secondary share sale | Ten days after it announced it would sell 20 million ordinary shares in a secondary transaction, Jumia ($JMIA) has closed the sale after reaching its funding target.
According to a securities filing seen by TechCabal, the gross proceeds fro... |
| 07.08.2024 | Sendsprint's Bold Leap into the U.S. Remittance Market | Sendsprint, a cross-border payments startup, is making waves with its recent acquisition of Nobel Financial Inc. This move marks a significant expansion into the U.S. remittance market, a landscape ripe with opportunity. Founded in 2022, Se... |
| 07.08.2024 | Sendsprint expands to the US with Nobel Financial Inc. acquisition | Sendsprint, a cross-border payments startup operating in the UK, Ghana, Kenya, South Africa and Nigeria, has acquired Nobel Financial Inc., a US-based remittance company, for an undisclosed amount. The acquisition will enable Sendsprint to ... |
| 09.07.2024 | R18-billion plan to build 10 African tech hubs | The United Nations Development Programme, African governments and the private sector plan to raise US$1-billion (R18.2-billion) and open a string of technology hubs across the continent to boost start-up innovation.
The first of 10 hubs tha... |
| 01.06.2024 | Agritech startup YoLa raised $7 M Pre-series A funding | A $7 million pre-Series A funding round has been secured by YoLa Fresh, a Moroccan agritech startup that is creating an open and sustainable fresh food supply network. Leading the round was Al Mada Ventures, with participation from FMO, the... |
| 08.05.2024 | Jumia’s share price jumps after Q1 2024 that saw it cut losses by 71% | The stock market reacted positively after Jumia shared its financial results for the first quarter of 2024, with shares of the Africa-focused e-commerce company opening at $6.45 on Wednesday, a 17.92% jump from the $5.47 share price it trad... |
| 07.05.2024 | Amazon launches a Prime-free marketplace in South Africa, its first in sub-Saharan Africa | Two years after announcing plans, Amazon’s highly awaited e-commerce entry into sub-Saharan Africa has finally come to pass. On Tuesday, the tech giant launched its marketplace in South Africa.
South Africa is the e-commerce giant’s first m... |
| 07.05.2024 | Jumia is back, growing total sales and orders in Q1 2024 | Jumia’s revenue and gross merchandise volume showed growth despite a decrease in quarterly active customers, according to its Q1 2024 report. Revenue increased by 19% year-over-year (57% in constant currency) to $48.9 million, while GMV sur... |
| 04.05.2024 | Nigeria’s Renda raised $1.9 M Pre-seed funding to drive expansion | In order to improve its services and spur growth, Nigeria’s Renda, a technology company that streamlines order fulfillment and retail distribution for companies throughout Africa, has closed a US $1.9 million pre-seed round of debt and equi... |
| 30.04.2024 | Nigeria’s YC-backed Chowdeck hopes to scale food delivery, a notoriously tough market, with $2.5M funding | Food is significant to Nigerians, with households spending nearly 60% of their income on it, the highest globally, according to official reports. This strong affinity for food, coupled with the rise of online shopping, sets the stage for Ni... |
| 23.04.2024 | Nigeria: How E-Commerce Can Leverage Computer Vision Technology to Boost Sector - NCC | The rapid adoption of Computer Vision Technology (CVT) has revolutionized business operations and transformed e-commerce by improving efficiency in a variety of ways.
CVT is the process of using algorithms and artificial intelligence to pro... |
| 18.04.2024 | Zando launches new unit to counter Shein and Temu | South African online fashion retailer Zando on Thursday launched an international e-commerce division called Zando Global in the hopes of taking on fast-fashion Chinese e-commerce retailers Shein and Temu at home.
The rapid rise of Shein an... |
| 21.03.2024 | Hungryroot puts off 2024 exit to grow revenue | Hungryroot, a hybrid meal-kit and food delivery service, is punting a near-term exit as it builds on the $333 million revenue it booked last year, CEO Ben McKean tells Axios.
Why it matters: The company, which bills itself as an AI-powered ... |
| 01.02.2023 | Jumia to Announce Fourth Quarter and Full Year 2022 Results on February 16, 2023 | LAGOS, NIGERIA / ACCESSWIRE / February 1, 2023 / Jumia Technologies AG (NYSE:JMIA), ("Jumia"), today announced that it will release its results for the fourth quarter and full year 2022 before the U.S. market opens on Thursday, Fe... |
| 11.08.2022 | Jumia launches a quick commerce platform in Nigeria with 20 minutes delivery in Lagos | Convenient new neighbourhood micro fulfilment centres will support faster and easier delivery of everyday products to consumers
Jumia (NYSE:JMIA), the leading e-commerce platform in Africa, announced today the launch of a quick commerce pla... |
| 07.07.2022 | realme and Jumia join forces to boost smartphone adoption in Africa | realme would provide affordable, advanced devices with cutting-edge technologies to Jumia consumers in Sub-Saharan Africa
Jumia, the leading pan-African e-commerce platform, today signed a Memorandum of Understanding with realme, the world’... |
| 04.07.2022 | Jumia celebrates 10 years of e-commerce in Nigeria | Nigeria’s leading e-commerce platform, Jumia, commemorated this Wednesday its 10 years of e-commerce in Nigeria with an Anniversary Luncheon. The celebration, which was held at the Eko Hotels & Suites, Lagos, was attended by key stakeho... |
| 17.05.2022 | The e-commerce boom is still afoot in Africa, Jumia’s earnings indicate | Jumia, the pan-African e-commerce company (and sole tech company based on the continent listed on the NYSE), released its first-quarter financial performance today. The company’s results included consistent growth but lapses in some areas c... |
| 29.04.2022 | Jumia Files Annual Report 2021 on Form 20-F with the U.S. Securities and Exchange Commission | BERLIN, GERMANY / ACCESSWIRE / April 29, 2022 / Jumia Technologies AG (NYSE:JMIA), the leading pan-African e-commerce platform, announced that it has filed its Annual Report on Form 20-F for the year ended December 31, 2021 (the "Annua... |
| 04.04.2022 | UPS Partners with Jumia to Expand its Logistics Services in Africa | The leading pan-African e-commerce platform and the world's premier package delivery company will join forces to expand delivery services for businesses and consumers across the continent
LAGOS, NIGERIA / ACCESSWIRE / April 4, 2022 / Jumia ... |
| 23.12.2021 | Nigeria’s Grocedy is fighting food inflation with grocery subscriptions | It has been a difficult year for Nigerian consumers. Food prices on many staple items have shot up 15% to 25% since last year, putting pressure on everyday earners, many of whom who are now spending nearly all of their income on food.
“The ... |
| 17.09.2020 | A conversation with Tunde Kehinde of Lidya on finance and the digital divide | Small and medium businesses have been some of the hardest hit in the COVID-19 pandemic. And all that has been as true in emerging markets as it has been for SMBs in the developed world.
Tunde Kehinde has had a front-row seat witnessing and ... |
| 13.05.2016 | Dear Nigerian founder, crushing marketing is way more important than product development | So, I had a big argument with some friends who recently got bitten by the entrepreneurship bug and have been building their product for the past 5 months. I asked if they had sealed any deals yet (“nope”) or if they had done marketing for a... |
| 06.04.2016 | Africa Internet Group Receives €75M Equity Investment from Orange | Africa Internet Group, an African e-commerce platform, received a €75m equity investment from telecommunications operator Orange.
The deal is part of a larger partnership to accelerate the growth of the company and seize development opportu... |
| 05.04.2016 | Orange invests $85M in Africa Internet Group, Africa’s first billion dollar tech firm | There’s more money for Africa Internet Group (AIG), the Rocket Internet-backed company that became Africa’s first tech unicorn last month when it landed a $326 million investment at a valuation of more than $1 billion.
AIG today revealed th... |
| 05.04.2016 | Rocket Internet secures additional €75 million from Orange for its Africa Internet Group | Rocket Internet’s Africa Internet Group, the largest e-commerce platform in Africa and parent company of Jumia, today announced a partnership with Orange to accelerate the growth of the company and seize development opportunities on the con... |
| 04.03.2016 | Africa Internet Group Secures €300M in Funding | Africa Internet Group, the parent of ecommerce platform Jumia, and other Internet platforms operating in Africa, secured more than €300m in funding.
Backers included AXA (already announced here), MTN, Rocket Internet and Goldman Sachs.
The ... |
| 16.02.2016 | MTN, Jumia launches Africa’s Entrepreneurship Challenge | - |
| 09.02.2016 | AXA buys 8% stake in AIG for R1.3bn | - |
| 08.02.2016 | Africa Internet Group Receives €75M Investment from AXA | Africa Internet Group (AIG), an African e-commerce group, received a €75m investment from insurance and asset management giant AXA.
The investment is a part of a broader partnership whereby AXA will become the exclusive provider of insuranc... |
| 10.06.2015 | Smallable lève 5 M€ et accélère son développement | Smallable.com, le site e-commerce dédié à l’univers premium des 0-16 ans, annonce son second tour de table de 5 millions d’euros auprès de Sigma Gestion et d’Aurinvest, ainsi que de son actionnaire historique Alven Capital, entré au capital... |
| 01.12.2014 | Jumia Raises €120M in Funding | Jumia, the African online retailer part of the Africa Internet Group, raised €120m in funding.
Existing shareholders made the investment. Africa Internet Holding GmbH participated in this round with an amount of €108.3m with the remaining €... |
| 28.11.2014 | Funding roundup - week ending 11/28/14 | Yik Yak, Elance-oDesk, Mobilize, Tiger Pistol, Appear Here, Jumia, SimilarWeb, Geenapp, Rete+Pay
Seed stage
Mobilize, a cloud-based community management solution startup, raised $1.2M in seed funding in a round led by Hillsven Capital, with... |
| 26.11.2014 | Rocket Internet-Backed Jumia Raises $150M For Its African E-Commerce Business | Rocket Internet-backed Jumia is in the money today, after the Africa-based e-commerce company announced it has raised €120 million ($150 million) in new funding. The company confirmed that the round values it at €445 million ($555 million).... |
| 23.02.2014 | U.S. Investments Surge For African Tech Entrepreneurs | From the largest technology companies to early stage investors, American high tech companies and venture capitalists are increasingly supporting startups across the African continent.
Whether it’s the 16 mobile apps in Botswana that Jim Goe... |
| 27.08.2013 | Rocket Internet’s African Amazon Clone, Jumia, Extends Its Reach With Android App | Jumia, an Amazon clone for Africa backed by the Rocket Internet ecommerce startup incubator and launched last year, is pushing onto mobile with the launch of its first smartphone app. The Android app, available today in Nigeria, Morocco, Iv... |
| 06.03.2013 | Summit Partners Puts $26M Into Samwer Brothers’ African Amazon Clone Jumia | Rocket Internet, the e-commerce startup incubator started by the Samwer Brothers, is once again ramping up its operations in emerging markets. Today it is announcing that Jumia, an Amazon clone launched last year in Africa, has received a €... |
| - | Jumia Reports Fourth Quarter and Full Year 2020 Results | LAGOS, Nigeria--(BUSINESS WIRE)--Feb 24, 2021--
Jumia Technologies AG (NYSE: JMIA) (“Jumia” or the “Company”) announced today its financial results for the fourth quarter and full-year ended December 31, 2020.
Results highlights for the fou... |
| - | Addressing the bank payments bottleneck, Numeral raises €13 million | After only six months since its inception, Paris-based Numeral has raised €13 million. The company provides a payment operations automation service specifically targeted at tech companies operating in a variety of industries. The funding wi... |