Tag Archives: Jumia

The leading pan-African e-commerce platform collaborates with Starlink to expand Africa’s access to internet connectivity Lagos (Nigeria), October 2023: Jumia, the leading e-commerce platform in Africa, has announced an agreement with Starlink, a satellite internet service, to retail the Starlink Residential Kit in Africa. With this partnership, Jumia aims to …

The FinTech Association of Nigeria says Financial Technology (FinTech) operators accounted for 63 per cent of the 1.37 billion dollars funding raised in Nigeria in 2021. President of the association, Mr Ade Bajomo said this on Saturday in Lekki, Lagos, at a dinner held at the FinTech Platinum Awards ceremony. …

Jumia, one of the major e-commerce players in the African market, appears to be battling severe headwinds after its share price – which once traded at record highs of $59.96 tumbling down and currently trading at less than $5 – prompting speculations of a loss of investor confidence and a …

Feelers indicate that Amazon may now be ready to explore what the continent has to offer on the e-commerce front but the nous and experience of indigenous giants such as Konga will come in handy if it is not to stumble heavily in Africa’s biggest market It is no longer …

OPPO Mobile Nigeria just announced the biggest New Year mega deals to kick of the year and this is a perfect chance for quality smartphone lovers to take Advantage and change their phones without breaking the bank. OPPO Mobile Nigeria kicked off its “New Year Epic Advantage Promo” on select OPPO …

I have read and digested the very comprehensive independent submission made by e-Live consultant, Kelvin Mulungwe on the e-commerce race in Africa between Jumia and Konga. The submission is one I recommend for all young African entrepreneurs who want to mount the global stage as successful entrepreneurs. This is a …

Having successfully exited Jumia upon sales of its remaining 18.9 percent stake, MTN Group announced that it has raised $138 million from the investment deal. The announcement was made on Friday through MTN Group’s Q3 2020 financial report. “The MTN Group has now fully exited its 18.9 percent investment in …

To say e-commerce has become a part of our lives is to say the least. Many of us have had a reason to patronize the services of e-commerce platforms. The experience of many no doubt differs. Indeed, the advent of e-commerce in Nigeria has been a refreshing experience. It has …

….as company reports €2.5m profit, consumers reach a record high of 6.4m JumiaPay, the Jumia’s brand fintech platform has continued its impressive growth since 2019. The report released by the company revealed that the payment platform processed 2.3 million transactions worth $39 million in Q1 2020. The payments product almost …

At a time when global players in the e-commerce sector have seen the peculiarities of their operations come to the fore in helping governments and people in other climes observe social distancing and stay in supply of essential items without leaving their homes, the Nigerian e-Commerce sector is instead buckling …