Tag: E-commerce
E-commerce giants, Naspers, Prosus to lay off staffs
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The e-commerce giant Naspers, which has its headquarters in South Africa, and the European subsidiary of its parent…
Taelo, Nigeria’s E-commerce raises funding for expansion
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Aruwa Capital, a Nigerian early-stage growth equity and gender-lens fund, has given Taeillo $2.5 million in “expansion” capital…
African Ecommerce Giant, Jumia, To Reduce Staff And Product Offerings
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Jumia, an African e-commerce company, reported $50.5 million in sales for the third quarter of this year, although…
Jeremy Hodara And Sacha Poignonnec Resign as Co-CEOs of Jumia
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Jeremy Hodara and Sacha Poignonnec, the co-founders of Jumia, have resigned from their roles as co-CEOs of the…
Egypt’s Kenzz e-commerce platform Obtains $3.5 million in Funding
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An Egyptian mass e-commerce firm known as Kenzz completed a seed round of funding totalling $3.5 million. The…
Kenyan e-commerce startup Sky.Garden faces closure
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Sky.Garden, an online shopping platform and marketplace, is set to close due to its inability to raise funds.…
Capiter fires its founders after fraud allegations
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Last September, Egyptian startup Capiter raised $33 million in Series A financing to contend in the nation’s developing…
Kwik launches e-commerce and delivery platform in Ibadan
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Kwik, an e-commerce and delivery platform based in Lagos, revealed that it has officially launched a service that…
Jumia Shares Rise After A Tough First Quarter
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Jumia, the African e-commerce giant, has announced its second-quarter financial progress. In the report, Jumia’s shares gained more…
Cartona Secures $12 Million in Funding
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Egypt-based B2B e-commerce platform Cartona has gotten $12 million in a Series A funding round led by Silicon…
