Jumia

Nigeria’s Interswitch becomes Africa’s latest unicorn after Visa acquires minority stake

US payments technology corporation Visa has acquired a minority stake in Lagos-based digital payments firm Interswitch Group at a valuation of $1-billion, effectively making…

Marek Zmyslowski releases tell-all book after Interpol drops Nigerian extradition request

Polish entrepreneur Marek Zmyslowski has released the English version of a new book in which he documents the Nigerian extradition saga he endured last…

So, let’s call it out – what then is an African startup?

What is an African startup? Is it any startup that operates in Africa even if headquartered outside the continent, or must a firm be based…

Jumia raises $196m in New York Stock Exchange IPO

African ecommerce giant Jumia today raised $196-million in its initial public offering (IPO) at the New York Stock Exchange (NYSE).

Nigeria’s Kobo360 named Disrupter of the Year at 2019 Africa CEO Awards

Nigerian logistics startup Kobo360 has been named Disrupter of the Year at the 2019 Africa CEO Forum Awards in Kigali, Rwanda. The awards were…

Loss making African ecommerce giant Jumia files for NYSE IPO

African ecommerce giant Jumia has filed with the US Securities and Exchange Commission (SEC) to launch an initial public offering (IPO) on the New York Stock…

How Nigerian business partner tried to bribe, take over my startup – Polish man

UPDATE (18 October 2019): Marek Zmyslowski has released a tell-all book after Interpol in May 2019 took down the Red Notice it issued in…

Why Africa’s ‘largest retailer’ Jumia calls itself a startup

In February, I put Nigeria’s two leading ecommerce giants Jumia Nigeria and Konga to the test. The results showed some concerns about the quality…

Jumia Nigeria’s former MD secures $850k funding from Interswitch for new venture

Pan-African integrated payment, processing and transaction switching company, Interswitch, has announced it has made an initial investment of US$850 000 in Africa Courier Express…

A tale of two online shopping giants: Konga & Jumia put to the test

They both claim to be the largest ecommerce platform in Nigeria and Africa — even though they won’t make their sales figures publicly available…

Jumia partners with First Bank of Nigeria so shoppers can pay in installments

“Those days of saving up all you had only to buy one single product are over,” Jumia boasts. Nigerian ecommerce has always had a…

Jumia ‘acknowledges success’ after just raising a nice fat $150 million

Jumia, which launched in only two years ago in Lagos, Nigeria, has just announced a new round of investments amounting to a fat €120…

Naspers invests $50-million in Nigerian ecommerce site Konga, says report

Key players seem to be raising the stakes in Africa’s ecommerce space. Earlier this week, two of South Africa’s biggest online shops — the…

Jumia partners with Ivorian Ministry of Education to support local schools

In partnership with the Ivorian Ministry of Education, African ecommerce company Jumia has recently announced that it will be launching a campaign that will distribute free…

Jumia opens up online marketplace in Nigeria to empower offline SMEs

After celebrating its 2nd year anniversary, ecommerce store Jumia Nigeria has now announced the launch of its online Marketplace where third-party merchants can leverage…

Jumia introduces marketplace in Kenya to put local shops online

Hailing from Nigeria, ecommerce outfit Jumia has unveiled its online marketplace in Kenya. The platform allows traditionally offline suppliers to sell their products to…

Jumia bags another award: named best Nigerian ecommerce site of the year

It seems like Jumia is making a habit of winning. The Nigerian online retailer was awarded the Best ecommerce Website of the Year at the Beacon…

AIH, MTN partnership kicks-off with big Jumia ecommerce push in Ivory Coast

One of the continent’s largest tech incubators, Africa Internet Holding (AIH), announced its first partnership campaign with one of Africa’s leading telecom companies MTN….

Jumia now offering budget-friendly X-touch tablet in Nigeria

Jumia is one of Nigeria’s largest online retail stores and offers a range products from women’s high-heels to cheap smartphones and books. To further…

Rocket Internet continues its African onslaught with Jumia Uganda

Jumia, the Rocket Internet-driven “Amazon for Africa,” today announced that it will extend its services to Uganda. Jumia also operates in Morocco, Egypt, Nigeria,…

Ex-Rocket Internet crew all-in on Nigerian gift card startup Suregifts

While the idea of a gift card ecommerce startup isn’t exactly novel, Suregifts from Lagos, Nigeria, has the type of VC backing and founder…

Lawyers and domains: Rocket Internet and Konga to face off

We told you things in Nigeria’s ecommerce space were about to heat up and at the center of the brewing storm is Konga and…

Jumia exits & Shoppi.ng acqui-hires: Major shakeups in Nigeria’s ecommerce scene

2014 is shaping up to be quite the year for ecommerce in Nigeria. Unconfirmed reports have been floating around that Jumia co-founders, Tunde Kehinde…

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