Chaka
Business Funding Investment

Nigerian Investment Startup, Chaka Receives Pre-seed Funding From Iyinoluwa Aboyeji & Microtraction

Chaka, an investment firm offering customers access to Nigerian and global financial assets, has raised undisclosed funding from Iyin Aboyeji,

Interswitch
Acquisition Investment Payment

Visa to Acquire 20% Stake in Africa’s Integrated Payments Solution Company, Interswitch

Visa, the global credit card giant is reportedly planning to acquire a 20% stake in Interswitch, Africa’s integrated payments, and

Jumia
Africa Business Ecommerce

Jumia Debunks Fraud Allegations that Sunk its Shares

Jumia, the Africa-ecommerce company, has refuted allegations of fraud levelled against it by Citron Research’s Andrew Left. Responding to claims

Jumia
Africa Business Ecommerce Legal

Jumia to Bring Forward the Date Announcing Q1 Report

Jumia Technologies has announced that it will release its results for the quarter ended March 31, 2019, before the U.S.

Jumia
Business Ecommerce Telecom

MTN Plans to Sell Half of its Shares in Jumia After Expiration of Lock-in Period

MTN Group Ltd. plans to sell at least half of its 19% ($655 million) interest in Africa Tech startup, Jumia,

Jumia
Africa Business Ecommerce Funding

Jumia Becomes First African Startup To List Shares on NYSE

Jumia Technologies AG (“Jumia”) (NYSE: JMIA), the leading pan-African e-commerce platform, has officially announced its listing on the New York

Jumia
Business Ecommerce

Jumia To Raise $216 million From Upcoming IPO on NYSE

Jumia plans to raise  $216 million by offering 13.5 million American depository shares for purchase on the New York Stock

Mastercard
Africa Business Ecommerce Funding Investment Payment Press Release

Why Mastercard is Investing in ‘Africa’s Alibaba’, Jumia

Jumia, the leading pan-African e-commerce platform has announced that Mastercard has agreed, subject to certain conditions, to become an investor

Uber
Acquisition Apps Business Transport

Uber To Acquire Middle East RideSharing Company, Careem for $3.1B

Uber is set to announce $3.1 billion acquisition of its Middle East rival, Careem in a cash and stock deal

Fintech Funding Investment Venture Capital

Ghanaian Fintech Startup SecondSTAX Secures $1.6m For Expansion

SecondSTAX, a Ghanaian investment fintech, has secured $1.6 million in pre-seed funding from private investors and venture capital firms, including