Top 2024 resources on africa
Best africa resource in 2024.
Learn more about africa to improve your e-commerce strategy.
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Acquisitions, more than IPOs, will create Africa’s early startup successes
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Africa has made its global IPO debut. Pan-African e-commerce company Jumia—a $1 billion-valued company—began trading live on the NYSE last week. The stock offering made Jumia the first upstart operating in Africa to list on a major global exchange. This raises expectations for unicorns and IPOs to create the continent’s first wave of startup moguls. […]
Topics: acquisitions, weekthe, africa, startup, successes, africas, ipos, early, yes, create, global. -
Africa biggest tech stories and innovation trends in 2018
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This year, as is the case almost every year, the availability of funding proved a major talking point among African tech founders and innovators.
Topics: tech, million, companies, trends, startups, africa, payment, innovation, biggest, funding, fintech, investment. -
Africa e-tailer Jumia issues post-IPO results amid short-sell assault
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For Pan-African e-commerce startup Jumia, going public has been an up and down affair. The company filed SEC IPO docs in March and saw its share rise 70% after listing on the NYSE in April at $14.50. Then last week, Jumia’s stock tumbled when it came under assault from a short-seller accusing the company of […]
Topics: jumias, techcrunch, postipo, issues, results, analyst, assault, stock, claims, startup, citron, etailer, amid, africa, earnings, jumia, howell, shortsell. -
Africa e-tailer Jumia’s shares fall 4% day after IPO lockup expiration
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Shares of Africa-focused e-commerce company Jumia dropped 4% the day after the lockup period expired for its April IPO on the New York Stock Exchange. The lockup provision prevents major shareholders — namely those who purchased equity pre-public listing — from selling their shares for a specified number of days following the IPO. Jumia’s stock […]
Topics: ipo, company, etailer, day, sec, fall, africa, revenue, losses, million, price, period, expiration, shares, stock, jumia, techcrunch, jumias, lockup. -
Africa's tech ecosystem responds to COVID-19
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In March, the virus gripping the world — COVID-19 — started to spread in Africa. In short order, actors across the continent’s tech ecosystem began to step up to stem the spread.
Topics: responds, virus, weve, covid19, tech, africas, techcrunch, africa, ecosystem, world. -
Africa: An Emerging Ecommerce Market with Many Challenges
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Africa has been a laggard in ecommerce for many reasons, including lack of internet access, poverty, a high rate of illiteracy, and logistical inefficiencies. Most of these problems persist but ...
Topics: countries, nigeria, delivery, ecommerce, online, internet, challenges, africa, mobile, market, million, payment, emerging. -
African e-commerce startup Jumia’s shares open at $14.50 in NYSE IPO
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Pan-African e-commerce company Jumia listed on the New York Stock Exchange today, with shares beginning trading at $14.50 under ticker symbol JMIA. This comes four weeks after CEO Sacha Poignonnec confirmed the IPO to TechCrunch and Jumia filed SEC documents. With the public offering, Jumia becomes the first startup from Africa to list on a major global […]
Topics: jumias, shares, ecommerce, company, online, africa, startup, african, jumia, nyse, ipo, million, open, services. -
African startups are making the risky but attractive bet to expand beyond the continent
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The alluring promise for tech startups in Africa is the social and commercial upside that lies in providing scalable solutions and products to users on a continent that’s home to several significant problems—and market opportunities.
Topics: mobile, service, wide, expand, upside, africa, making, bet, risky, world, startups, swvl, continent, african, market, users, attractive. -
Africa’s Jumo raises $52M led by Goldman to bring its fintech services to Asia
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Asia’s fintech scene is poised to get a little larger after Jumo, a company that offers loans to the unbanked in Africa, revealed plans to expand into the continent. To get the ball rolling, Jumo has opened an office in Singapore to lead the way and landed a massive $52 million investment led by banking giant […]
Topics: raises, banks, startups, million, fintech, asia, loans, services, bring, goldman, africas, 52m, markets, financial, led, africa, jumo. -
As lockdown fuels food shortages, Africa goes online for groceries
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In between her shifts, Zimbabwean nurse Sinothando Mpofu used to go to Bulawayo’s open-air markets to buy tomatoes and cabbages for her family - until the country’s coronavirus lockdown closed all stalls.
Topics: fuels, site, box, africa, lockdown, local, goes, buy, groceries, online, shortages, food, vegetables, customers, fresh. -
Autochek expands to North Africa after acquiring Morocco’s Kifal Auto
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Digital automotive commerce company Autochek has acquired Morocco’s KIFAL Auto for an undisclosed amount, marking the entry of the vehicle marketplace into North Africa. The deal comes barely a year after Autochek bought Cheki Kenya and Cheki Uganda from Ringier One Africa Media. Prior to the September 2021 transaction, Autochek had bought Cheki’s subsidiaries in […]
Topics: moroccos, kifal, capital, morocco, north, auto, including, techcrunch, value, autochek, expands, africa, acquiring, car. -
Bosta raises $6.7M to expand e-commerce delivery business across Africa and MENA
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Per a recent report by Bain & Co., e-commerce is expected to grow to $28.5 billion in MENA by 2022 from a 2019 value of $8.3 billion. Egypt, one of the most active e-commerce countries in the region, is anticipated to grow 33% annually to reach $3 billion by 2022. But for any e-commerce business […]
Topics: egypt, raises, ezzat, lynks, company, lastmile, 67m, businesses, expand, ecommerce, business, bosta, africa, small, mena, delivery, techcrunch. -
China’s growing digital influence in Africa
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There’s been a heap of China in Africa coverage over the last decade, but very little of it is focused on tech. In part, because the country’s engagement with African startups is light compared to its deal-making on infrastructure and commodities. Now, that all looks to be shifting. TechCrunch has tracked moves by a number […]
Topics: china, strategic, shiftingtechcrunch, africa, chinas, theres, influence, digital, startups, signal, tracked, sector, techcrunch, growing, tech. -
Consumables dominate Jumia’s sales as buyer habits change
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NYSE-listed e-commerce platform Jumia experienced a shift in shopping habits across its markets in Africa last year, as more shoppers bought everyday products as opposed to electronics. Shopping for essentials such as foodstuff, fashion and beauty products saw Jumia’s total sales value of Fast-Moving Consumer Goods grow by 13 percentage points last year, from 44% […]
Topics: population, consumables, dominate, platform, ecommerce, report, areas, buyer, sales, africa, products, jumias, logistics, change, orders, jumia, habits, techcrunch. -
DHL brings Africa eShop to 20 countries in a competitive nod to Jumia
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DHL is expanding its DHL Africa eShop business to 9 additional markets, upping the presence of the global shipping company’s e-commerce platform to 20 African countries.
Topics: brings, competitive, africa, dhl, went, jumia, eshop, countries, nod. -
DHL brings Africa eShop to 20 countries in a competitive nod to Jumia
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DHL is expanding its DHL Africa eShop business to 9 additional markets, upping the presence of the global shipping company’s e-commerce platform to 20 African countries. DHL went live with the digital retail app in April, bringing more than 200 U.S. and U.K. sellers — from Neiman Marcus to Carters — online to African consumers. […]
Topics: platform, online, logistics, competitive, expansion, brings, techcrunch, jumia, ecommerce, services, africa, eshop, countries, dhl, nod. -
DHL expands Africa eShop online retail app to 34 countries
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DHL has expanded its DHL Africa eShop business to 13 additional markets, upping the presence of the global shipping company’s e-commerce platform to 34 African countries. DHL went live with the digital retail app in April, bringing more than 200 U.S. and U.K. sellers — from Neiman Marcus to Carters — online to African consumers. […]
Topics: expands, eshop, ecommerce, app, countries, shipping, africa, retail, techcrunch, expansion, jumia, platform, dhl, online. -
DHL launches Africa eShop app for global retailers to sell into Africa
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DHL is launching an e-commerce app called DHL Africa eShop for global retailers to sell goods to Africa’s consumers markets. The platform goes live today and brings more than 200 U.S. and U.K. retailers — from Neiman Marcus to Carters — online in 11 African markets: South Africa, Nigeria, Kenya, Mauritius, Ghana, Senegal, Rwanda, Malawi, […]
Topics: global, app, goods, sell, eshop, launches, retailers, ecommerce, african, africa, startup, dhl, delivery. -
E-Commerce In Africa Poised For Growth
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Favorable demographics may boost e-commerce in Africa. Urbanization on the continent may further advance e-commerce. Africa's middle class is growing. Smartphone growth is pushing more people in Africa online.
Topics: poised, companies, urbanizationit, african, young, transitioning, growth, traditional, africa, ecommerce, public. -
Egypt’s Breadfast wants to build ‘Gopuff for Africa and Middle East’, gets $26M backing
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The market for food and grocery delivery across Africa and the Middle East is worth nearly $1 trillion. And Egypt, buoyed by a young and growing population, is a big market across both regions. Investors are beginning to back their picks to capture a large chunk of the nascent but fast-growing sector, mirroring how things […]
Topics: company, gets, bread, middle, build, amin, grocery, breadfast, egypts, wants, delivery, techcrunch, egypt, backing, gopuff, east, africa. -
Egypt’s Mylerz raises $9.6M for its e-commerce fulfillment service, eyes Africa-wide growth
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Mylerz, a Cairo-based e-commerce fulfillment startup, plans to enter three new markets in North Africa and expand across Egypt over the next three months against the backdrop of the $9.6 million funding it has just secured. The startup also has its eyes on the growing e-commerce market in East Africa, with the long-term goal of […]
Topics: techcrunch, egypts, ecommerce, service, africawide, egypt, africa, eyes, delivery, partners, cash, startup, partner, mylerz, growth, raises, fulfillment, logistics. -
Enterprise escalator Impact Rooms rises to prepare African startups for growth and investment
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A few years ago, at the start of the fintech services boom in Africa, Oliver Blantern got an opportunity to work in the continent offering advisory services to high-growth startups. For slightly over three years his company, Riverhouse Technology, helped the emerging tech firms in talent sourcing and acquisition. The trained lawyer did all this […]
Topics: prepare, startup, enterprise, startups, capital, growth, techcrunch, investors, companies, rises, africa, support, escalator, impact, work, investment, rooms. -
Fast Company reveals list of most innovative African companies
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Fast Company has revealed its list of 10 most innovative companies in Africa for 2019. African Leadership University, founded by Fred Swaniker, tops the list.
Topics: fast, companies, leadership, africa, university, african, list, swaniker, flutterwave, magazine, fred, reveals, innovative, company. -
Flextock is a YC-backed e-commerce fulfillment provider for Africa and the Middle East
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When merchants launch their e-commerce businesses, they can easily manage the end-to-end operations in the early stages. But as they begin to grow, managing their own operations, from warehousing and logistics to delivery and cash collection, can become difficult. This can prevent them from scaling effectively despite having a steady inflow of demand. Now, there’s a […]
Topics: ycbacked, operations, flextock, east, businesses, fulfillment, africa, products, platform, ecommerce, merchants, provider, middle, techcrunch, company. -
Flutterwave and Alipay partner on payments between Africa and China
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San Francisco and Lagos-based fintech startup Flutterwave has partnered with Chinese e-commerce company Alibaba’s Alipay to offer digital payments between Africa and China.
Topics: digital, alibabas, africa, network, flutterwave, companies, partner, payments, china, alipay. -
Focus on Key Capabilities to Scale Your African Tech Business: Andreata Muforo, Partner, TLcom Capital
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I conceived of this article at the beginning of March and by the time I was done writing, the Coronavirus had spread to most African countries leading to major social and economic impact due to lockdowns, restrictions and the newly formed reality.
Topics: partner, muforo, key, capabilities, think, africa, companies, capital, african, scale, coronavirus, focus, tlcom, business, tech, article. -
Francophone African super app Gozem grabs $5M to expand and offer more services
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Gozem, a super app that provides a host of services — including transport, e-commerce and financial services in Francophone Africa — has raised $5 million in Series A financing, the company confirmed to TechCrunch. The Togo- and Singapore-based company received investment from AAIC, Thunes (TransferTo), Momentum Ventures (SMRT), Innoport Ventures (Schulte Group), CMC Ventures (National […]
Topics: company, costamagna, app, africa, techcrunch, grabs, expand, model, super, gozem, african, offer, francophone, financing, ventures, drivers, services. -
Google eyes TaskMate global launch after Kenya rollout
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Google has today launched TaskMate in Kenya, a crowdsourcing app that lets people use smartphones to do tasks and get paid, tapping the growing gig economy. The tech giant said it has rolled out the beta version after a year-long experiment in the East African country and is preparing to introduce it to other countries […]
Topics: kenya, taskmate, google, eyes, rollout, africa, economy, techcrunch, global, services, launch, businesses, app, platform, tasks. -
How Facebook's plans for Africa are nurturing the region's new startups: Nunu Ntshingila, Head of Facebook Africa
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As the number of social media accounts continues to climb across Africa, tech giants like Facebook are investing in infrastructure to make sure users are plugged in.
Topics: plans, nunu, facebooks, tech, startups, africa, videos, head, regions, nurturing, users, ntshingila, talks, facebook. -
Ivorian e-commerce startup ANKA, formerly Afrikrea, raises $6.2M pre-Series A
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A study by McKinsey & Company on general e-commerce activities in Africa says consumer spending will reach over $2 trillion in the next three years. Much of this spending falls under the importation of products, primarily influenced by consumer demand and the positioning of major e-commerce platforms in Africa. Afrikrea, an Ivorian startup founded in […]
Topics: anka, startup, afrikrea, 62m, sellers, marketplace, africa, platforms, company, ivorian, raises, round, techcrunch, channels, preseries, ecommerce. -
Jiji acquires Cars45 as it looks to build a future outside classifieds
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Once heralded as disruptive marketplaces, classifieds are giving way to transactional marketplaces. Yet, some classifieds in the West like eBay have evolved with time, acquiring competition operating both models. In Africa, this occurrence is happening, in part at least, for the classifieds businesses that haven’t fizzled out. Jiji, one of the largest marketplaces for classifieds […]
Topics: outside, jiji, acquires, looks, company, cars45, transactional, marketplace, olx, business, classifieds, africa, build, future, techcrunch, group. -
Jiji raises $21M for its Africa online classifieds business
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Pan-African digital classifieds company Jiji has raised $21 million in Series C and C-1 financing from six investors, led by Knuru Capital. The Nigeria-based venture, co-founded by Ukrainian entrepreneur Vladimir Mnogoletniy, has an East to West presence that includes Ghana, Uganda, Tanzania and Kenya. Buyers and sellers in those markets use Jiji to transact purchases […]
Topics: online, million, business, company, 21m, listings, mnogoletniy, techcrunch, site, raises, marketplace, jiji, africa, classifieds. -
Jumia reports 30% growth in value of goods sold on its platform during Black Friday season this year
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E-commerce in Africa is growing fast and its potential remains enormous as more people get connected to the internet. Across sub-Saharan Africa 303 million people, about 28% of the population, are connected to the mobile internet, according to the 2021 GSMA mobile economy report, and this number is expected to rise to 40% in three […]
Topics: goods, sold, reports, percentage, online, black, season, ecommerce, points, million, jumia, africa, number, growth, value, platform, techcrunch. -
Jumia, DHL, and Alibaba will face off in African ecommerce 2.0
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The business of selling consumer goods and services online is a relatively young endeavor across Africa, but ecommerce is set to boom. Over the last eight years, the sector has seen its first phase of big VC fundings, startup duels and attrition. To date, scaling e-commerce in Africa has straddled the line of challenge and […]
Topics: vc, african, jumia, techcrunch, online, dhl, africa, market, konga, services, ecommerce, startup, nigeria, alibaba, face. -
Kenyan BNPL startup Lipa Later eyes more African markets after raising $12 million
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Lipa Later, a Kenyan tech-led consumer credit platform, is planning to expand to new markets in Africa after raising $12 million in pre-Series A funding. The equity and debt funding round was led by Cauris Finance, Lateral Frontiers VC (one of Lipa Later’s first investors) and GreenHouse Capital, with participation from SOSV IV LLC, Sayani […]
Topics: funding, eyes, africa, million, expand, markets, later, techcrunch, ecommerce, bnpl, raising, credit, pay, lipa, startup, kenyan. -
Kenyan e-commerce company Copia Global raises $50M to ramp up African expansion
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Kenyan B2C e-commerce company Copia Global has raised $50 million in a Series C equity round led by Goodwell Investments. The new financing round welcomed new investors such as Zebu Investment Partners, the U.S. International Development Finance Corporation (DFC), and Koa Labs, as well as past investors Lightrock, German development finance institution DEG, and Perivoli […]
Topics: company, goods, million, global, ramp, customers, techcrunch, ecommerce, africa, agents, raises, series, kenyan, african, steel, copia, expansion. -
Kenyan startup Wowzi secures $3.2 million from 4DX Ventures, Andela co-founder to expand across Africa
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Kenyan startup Wowzi has secured new funding to expand the reach of its platform, which turns social media users into brand influencers, to West and Southern Africa — as it taps the increasing usage of social sites across the continent driven by the proliferation of smartphones and a deepening internet penetration. Wowzi, which connects social […]
Topics: influencers, cofounder, secures, campaigns, users, africa, techcrunch, expand, brands, social, million, kenyan, media, marketing, wowzi, startup, ventures, andela. -
Kenya’s MarketForce raises $2M, plans to focus on its B2B retail marketplace RejaReja
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A 2016 study by global consultancy PwC states that an estimated 90% of sales in Africa’s major economies come through informal channels like markets and kiosks. In sub-Saharan Africa, 90% of these household retail transactions are carried out via a network of about 100 million MSMEs. Africa’s retail payments, mostly cash-based, is expected to reach […]
Topics: product, round, b2b, marketforce, plans, services, kenyas, payments, marketplace, africa, retail, distribution, focus, techcrunch, raises, rejareja, platform. -
Kenya’s Twiga Foods eyes West Africa after $30M raise led by Goldman
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Kenya’s Twiga Foods has raised a total of $30 million from lenders and investors led by Goldman Sachs. The B2B food distribution company financed $6.25 million of the funding in debt and $23.75 million in equity, classified as a Series B round. IFC, TLcom Capital and Creadev joined Goldman on the VC side. Twiga will […]
Topics: goldman, company, using, techcrunch, raise, b2b, revenue, foods, eyes, led, goods, supply, africa, million, kenyas, west, twiga. -
Kenya’s Twiga raises $50M to scale food solutions across Africa
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Years ago, Americans spent most of their disposable income on food, but consistent investment in retail infrastructure has changed that. Now, they only spend 6% of their household income on food and beverages. Africa still battles with this, and it is not hard to see why. The continent’s retail markets are highly fragmented and mostly made […]
Topics: africa, million, solutions, concept, twigas, raises, kenyas, scale, njonjo, traceability, company, techcrunch, value, 50m, food, chains, twiga. -
Lidya: How one company is hoping to help small businesses thrive in Africa (Video)
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"Our aim is to be the biggest alternative financier to small businesses in the world," says Lidya Co-Founder, Tunde Kehinde.
Topics: small, video, woman, young, african, videos, hoping, africa, help, lidya, businesses, kehinde, tunde, company, thrive, world. -
MallforAfrica and DHL launch MarketPlace Africa global e-commerce site
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MallforAfrica and DHL are giving African merchants a global stage. This week the online retailer and delivery giant launch MarketPlaceAfrica.com: an e-commerce site for select African artisans to sell wares to buyers in any of DHL’s 220 delivery countries.
Topics: marketplace, site, africa, folayan, dhl, goods, global, launch, african, ecommerce, online, platform, products, mallforafrica, sell. -
MallforAfrica and DHL launch MarketPlaceAfrica.com, a global e-commerce site
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MallforAfrica and DHL are giving African merchants a global stage. This week the online retailer and delivery giant launch MarketPlaceAfrica.com.
Topics: global, site, marketplaceafricacom, ecommerce, africa, dhls, marketplace, dhl, mallforafrica, launch, online, african. -
MaxAB, the Egyptian B2B food and grocery delivery startup, raises $40M for expansion
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Globally, food and grocery delivery startups have been raising mega-rounds of late, especially those in Europe as the pandemic has given rise to more people ordering online more than ever. This growth has translated to an increase in volume across e-commerce platforms all over the world. While there has relatively been no action in Africa […]
Topics: africa, b2b, round, middle, startup, grocery, technology, company, merchants, food, supply, raises, maxab, delivery, expansion, egyptian, growth, elmegharbel, techcrunch. -
Microsoft opens Africa developer centers in Kenya and Nigeria
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Last year, when Microsoft executives were doing their due diligence ahead of paying $7.5 billion for GitHub, the software engineer marketplace, they might have been surprised by one unexpected data point.
Topics: github, kenya, africa, microsoft, yearthat, nigeria, insight, centers, opens, center, software, developer. -
Nigeria’s CredPal secures $15M in debt and equity to scale its BNPL product across Africa
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The adoption of buy now, pay later (BNPL) in Nigeria as a payment option both online and at the point of sale is expected to record a CAGR of 20% from 2021 to 2028, per this report. BNPL’s growth is further highlighted as GMV is predicted to increase from $204 million to over $1 billion […]
Topics: africa, credpal, store, scale, later, company, product, techcrunch, credit, bnpl, nigerias, equity, pay, consumers, secures, nigeria, debt, merchants. -
Omnibiz gets $3M to digitize Nigeria’s informal B2B supply chain
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Despite the prevalence of shopping malls and the emergence of VC-backed e-commerce companies like Jumia, informal retail in Africa is still king. A 2016 study by PwC states that 90% of sales in Africa’s major economies come through informal channels — markets and kiosks. This presents a large market ripe for digitization, and over the […]
Topics: 3m, company, techcrunch, africa, scale, b2b, omnibiz, supply, digitize, gets, manufacturers, retailers, investment, chain, nigerias, platform, informal, rustagi, goods. -
Opera: Attractive Exposure To Africa's Fintech Landscape
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Upon a $600 million takeover by the new Chinese owners in 2016, Opera has shifted its focus to emerging fintech opportunities in Africa and Asia.
Topics: africa, opera, chinese, vision, fintech, africas, exposure, went, attractive, landscape, million, owners, emerging. -
Opontia gets $42M to buy more e-commerce brands in Eastern Europe, Middle East and Africa
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E-commerce roll-up play Opontia launched in June, raising $20 million in debt and equity to acquire older, small e-commerce brands in the Middle East and Africa. Today, the company confirmed to TechCrunch that it has closed a subsequent round, a $42 million Series A nine months after it was founded. Roll-up plays are generally known […]
Topics: founders, marketplace, biggest, buy, gets, techcrunch, ecommerce, debt, africa, brands, opontia, middle, europe, eastern, east. -
Opontia raises $20M to roll up e-commerce brands in Africa and the Middle East
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Razor Group. Branded. Thrasio. These are big names in the new wave of e-commerce companies taking the world by storm. Their business of acquiring small e-commerce brands that look promising and consolidating them is quite popular in the U.S. and Europe. The concept has sifted through those shores to Latin America and Asia, where companies […]
Topics: brands, techcrunch, middle, ecommerce, east, sellers, raises, 20m, market, meyer, africa, roll, opontia, company. -
Pangea to unlock diaspora remittances as funding source for African startups
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Pangea Trust, through its equity crowdfunding platform Connect, is unlocking diaspora remittance inflows as funding source for early and growth-stage startups in Africa. Remittances to sub-Saharan Africa reached $45 billion last year, with Nigeria, Ghana, Kenya, Senegal and Zimbabwe leading the list of recipient countries. And as annual inflows grow, Anne Lawi, the country director […]
Topics: africa, zimbabwe, pangea, startups, source, remittances, unlock, african, platform, funding, investment, techcrunch, diaspora, kenya, working. -
Paystack Review – Payments Solution for Africa
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This Paystack review covers all the important elements- its features, capabilities, pricing, and the target user base. We’re currently in a revolutionary ecommerce age. So they say. And I have to give it to them. Because going by the current…
Continue reading Paystack Review – Payments Solution for Africa
Topics: africa, paystack, online, ecommerce, bank, solution, ngn, payment, businesses, customers, payments, platform. -
Paystack, with ambitions to become the Stripe of Africa, raises $8M from Visa, Tencent… and Stripe itself
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Africa has been one of the least-developed regions globally when it comes to technology and being on the less advanced side of the so-called digital divide. But with a huge population and a set of nations whose economies are rapidly changing, we are seeing a significant knock-on effect in tech. Today, one of the more […]
Topics: money, tencent, mobile, startup, market, raises, 8m, paystack, africa, number, ambitions, payment, stripe, payments, services, visa. -
Second Act: How They Launched A Second Successful Business
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Angela and Steve Watts are the life and business partners behind Veldskoen Shoes, selling handcrafted footwear from South Africa. As serial entrepreneurs, they are also the owners behind Slyde, makers of handboards used in bodysurfing. In this episode of Shopify Masters, Angela and Steve Watts of Veldskoen Shoes share their ways of validating a market fit, managing ad spend, and their number one tip for navigating the effects of COVID-19.More
Topics: im, act, obviously, veldskoen, need, second, going, launched, shoes, south, theyre, business, able, africa, successful. -
The Folklore Group secures $1.7 million, launches fashion B2B e-commerce platform
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Fashion e-commerce startup The Folklore Group today announced a shift from direct-to-consumer to B2B wholesale against the backdrop of a $1.7 million pre-seed funding, which the startup plans to use to fuel the growth of its new business. The startup’s new wholesale business, dubbed The Folklore Connect, will link luxury fashion brands in emerging markets to […]
Topics: group, africa, startup, launches, brands, south, sales, rasool, secures, continent, ecommerce, million, platform, retailers, folklore, fashion, b2b, techcrunch. -
The Rapid Growth of Digital Business in Africa: Acha Leke, Partner, McKinsey
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Jumia, an e-commerce platform with over 4 million customers in 14 African countries, saw its shares jump by around 70% on its NYSE debut day on April 12th.
Topics: africa, nyse, digital, number, partner, growth, technology, business, acha, market, rapid, million, leke, mobile, mckinsey, revolution, africas. -
The e-commerce boom is still afoot in Africa, Jumia’s earnings indicate
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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 compared with Jumia’s previous quarter. As always, the first page of every Jumia report highlights its year-over-year wins. The first quarter […]
Topics: yearoveryear, techcrunch, indicate, growth, boom, million, africa, afoot, quarter, earnings, revenue, q1, jumia, company, ecommerce, jumias. -
The future of tech is in 'cities across Africa,' says this start-up CEO
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Silicon Valley's days leading the tech revolution may be coming to an end, according to one optimistic observer who believes the future of technology lies much further abroad than San Francisco.
Topics: ceo, tech, companies, written, cities, africa, future, world, startup, nairobi. -
This Is a Game-Changing Move by Jumia Technologies
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When little under-the-radar companies are compared to mega-corporations, it's often little more than unfounded hype.
Topics: gamechanging, company, ecommerce, little, technologies, great, thats, unfounded, jumia, africa. -
TradeDepot raises $110M from IFC, Novastar to extend BNPL service to merchants across Africa
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Startups digitizing B2B e-commerce and retail in Africa continue to grab the headlines after the pandemic paved the way for widespread offline retail and commerce disruption. TradeDepot, a Nigeria- and U.S.-based company that connects consumer goods brands to thousands of retailers and helps with distribution, has raised $110 million in new equity and debt funding […]
Topics: merchants, retailers, raises, extend, novastar, debt, bnpl, retail, tradedepot, africa, techcrunch, ifc, company, work, nigeria, service, equity. -
UAE B2B e-commerce site Dubuy targets Africa for growth
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Dubuy, an e-commerce platform by UAE global logistics provider DP World, has entered Kenya with plans to launch the business-to-business (B2B) site in more countries across the continent in the coming months. This marks Dubuy’s third market in East Africa, coming months after setting up in Rwanda and unveiling plans to enter Ethiopia. The wholesale […]
Topics: dp, businesses, uae, ecommerce, dubuy, continent, platform, world, trade, b2b, plans, growth, africa, targets, site, techcrunch. -
UPS partners with Jumia to expand delivery network in Africa
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Global logistics and package delivery company UPS will leverage Jumia’s network across Africa to grow its reach in the continent, following a new partnership announced today that gives it access to the e-commerce firm’s last-mile delivery infrastructure. This means that UPS customers can pick-up or drop-off packages for sending across the world at Jumia’s stations […]
Topics: africa, partnership, delivery, expand, jumia, ecommerce, platform, network, marketplace, techcrunch, partners, ups, logistics. -
Video: What does the future look like for Airbnb in Africa?
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As leisure and business travel across Africa increased steadily the last few years, companies like Airbnb looked to countries like Nigeria and South Africa for growth.
Topics: future, airbnb, video, does, think, look, travel, business, nigeria, booming, south, tourism, africa, guests. -
Visa partners with Paga on payments and fintech for Africa and abroad
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Visa has entered a partnership with Nigeria based startup Paga on payments and technology.
Topics: visa, startup, abroad, paga, fintech, work, payments, africa, partners, nigeria, network. -
Visa unveils first innovation hub in Africa to drive product development
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Global digital payments giant Visa has opened an innovation studio in Kenya, its first in Africa and sixth globally, after posts in Dubai, London, Miami, San Francisco and Singapore. The studio will bring together developers, Visa’s internal and external clients, and other partners to co-create payment and commerce solutions. “Sub-Saharan Africa is a fast-growing region […]
Topics: technology, subsaharan, development, visas, unveils, africa, drive, product, solutions, region, visa, hub, payments, techcrunch, studio, innovation. -
Why Africa Is Becoming the Next Serious Player in Entrepreneurship
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Africa's entrepreneurial future is not just promising — it's already unfolding.
Topics: africa, entrepreneurs, sectors, surging, energy, innovation, startups, potential, sector, opportunities, landscape, entrepreneurship. -
Why Amazon is expanding Amazon Web Services (AWS) not e-commerce in Africa
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A day before Microsoft’s Azure Africa cloud services went live in 2019 with services offered from data centers in Johannesburg and Cape Town in South Africa, Huawei Cloud Data Centers started operations in Cape Town making it the first active cloud provider in the whole of Africa.
Topics: expanding, cloud, africa, cape, centers, web, services, data, aws, ecommerce, town, amazon. -
Why Everybody Is Talking About Jumia Stock (Infographic)
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The bulls think it might be the next Sea Limited or MercadoLibre. The bears see horrible profit margins and revenues going backwards.
Topics: stock, infographic, internet, africa, thatthe, jumia, talking, everybody, technologies, trading, citron. -
Why Warriors’ Andre Iguodala joined African unicorn Jumia’s board of directors
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Andre Iguodala, a key member of the Golden State Warriors basketball team, is no stranger to the tech industry. He’s invested in Tristan Walker’s Walker & Company, which has since been acquired by Procter & Gamble, electric scooter startup Lime and many others. Now, he’s joined the board of directors over at Jumia, an African e-commerce […]
Topics: joined, sacha, iguodala, directors, board, andre, hes, africa, tech, jumia, company, jumias, sure, startup, warriors, roots, african, unicorn. -
Will Carbon and Shahry usher in a wave of buy now, pay later services in Africa?
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Affirm, Afterpay, Klarna, Quadpay. These are some of the big global players in the buy now, pay later (BNPL) movement. They allow shoppers to purchase products online and pay in installments with nominal or no fees, and have become more prominent due to how the pandemic accelerated e-commerce market growth around the world. Credit card […]
Topics: bnpl, market, zero, shahry, pay, africa, products, wave, credit, company, carbon, merchants, services, customers, later, usher, buy, techcrunch. -
YC-backed Curacel unveils new API platform that enables tech-led businesses to offer insurance
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Curacel, the YC-backed startup that is developing insurance infrastructure for the African market, has launched a new interface that allows digital businesses like those in retail, fintech, e-commerce and logistics to add insurance to their core products. The API-based tool, dubbed Grow, has so far been integrated with 22 tech entities across Africa including Topship, […]
Topics: curacel, products, insurance, companies, ycbacked, market, offer, techled, businesses, unveils, infrastructure, africa, system, including, enables, technologies, platform, techcrunch. -
Zip acquisition of Payflex means Africa is ripe for BNPL disruption
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Australian buy now, pay later (BNPL) company Zip this week acquired South Africa-based BNPL player Payflex for an undisclosed amount. It’s a piece of news that once again highlights the hype around BNPL services and the quest for global dominance among the leading players. This year we have covered BNPL services from the likes of […]
Topics: payflex, south, zip, services, company, africa, players, bnpl, techcrunch, disruption, service, markets, ripe, market, means, acquisition. -
e-Conomy Africa 2020 - Africa's $180 Billion Internet Economy Future: Google & IFC (Infographic & Report)
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Africa’s Internet economy is transforming development on the continent by fostering economic opportunities, creating jobs, and providing innovative solutions to complex challenges, like access to healthcare, education, and finance.
Topics: startups, infographic, digital, african, economy, africa, future, billion, report, ifc, google, venture, potential, growing, internet, africas. -
mPharma raises $35 million in round joined by Tinder co-founder’s JAM fund, Bharti executive
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Ghanaian health tech startup mPharma is building a network of community pharmacies across Africa as it plans to be the go-to primary healthcare service provider for millions of people residing in the region. MPharma plans to grow its community (Mutti) pharmacies across eight markets in Africa to be the first point of care for patients. […]
Topics: executive, jam, joined, round, pharmacies, health, techcrunch, raises, care, fund, million, services, africa, pharmacy, mpharma, build, tinder, mutti, community.