Africa’s biggest E-commerce giant Jumia has released its second full year financials. We caught up with the CEO, Kene Okafor to find out what’s ahead for the company. Daily 5-minute roundup of happenings in Africa and global tech While it may not be your traditional newscast, LMA TV has something for everyone. Not only does it offer news and entertainment, but it also features in-studio analyses of business, social media and sports. Its newest additions are a music program and a food and beverage channel. The RM Show is a fun interactive show that airs Monday through Friday from 2000…
Author: Petersion
A few days ago I was in New York City at the coceo of Jumia’s Techcrunch Africa event. There, I had a chance to interview three African entrepreneurs who are bringing their products to the international stage. These are Sacha Poignonnec, Jeremy Hodara, and Tage Kene-Okafor. They are all extremely interesting individuals and it was a pleasure to have the opportunity to speak to them. Francis Dufay Jumia has a huge reach on the African continent. It’s a leading e-commerce platform, with a presence in 11 countries. Founded in Nigeria in 2012, the company has since expanded to Tanzania, Rwanda,…
The African e-commerce site Jumia has announced that its co-founders, Jeremy Hodara and Sacha Poignonnec, have stepped down as CEO and COO, respectively. They will now be replaced by Francis Dufay, who will serve as acting CEO. Meanwhile, the company has also extended its pre-Series A round by $5 million. Jeremy Hodara and Sacha Poignonnec step down as co-CEOs The African e-commerce giant Jumia has made some changes in its management. After the departure of co-founders Jeremy Hodara and Sacha Poignonnec, the company has appointed Francis Dufay as its acting CEO. However, Dufay will be forced to refocus resources on…
Lagos, Texas-based Reliance Industries has raised $40 million in seed capital in its most recent round, a new sign that investors are betting on the technology company’s growth. It’s a huge deal for Reliance, especially since the Nigerian company plans to use the funding to expand into the US and Africa. As with any company, Reliance has to find a way to stay competitive with its global competitors. However, the company says it is focused on its core business: creating and improving its health and wellness products. Earlier this year, the company launched an app that allows users to manage…
A startup, MaxAB, is raising a total of $40, $55, and $30 million in a two-trillion-dollar round, according to TechCrunch. The company has already raised $20 and $30 million in previous rounds, and its most recent round is expected to bring in an additional $40 and $55 million. Interestingly, these are the first two billion-dollar rounds for any tech company since Google and Facebook made their debuts in 2013. MaxAB raises $55 million in a two-trillion-dollar round MaxAB is an e-commerce startup headquartered in Egypt. In less than three years, the company has served more than 80,000 retail merchants, and…
The SMBS fidelity 400mkeneokafortechcrunch is a great NAS device that is designed for the best in performance. It offers an extremely fast data transfer speed of up to a whopping 400MB per second and a remarkably stable network connection that can handle a variety of demanding tasks. If you are looking for an affordable and easy to use NAS device that can accommodate all of your needs, this is a great option.
If you’re a fan of tech and the African market, then you might want to check out MKeneoka, an online video platform that is taking on the tech world. The company is known for its pay-as-you-go model and its focus on a strong customer relationship. You can read more about the platform and its plans to spend heavily on tech in this article. A look at the company’s business model The Nairobi-based pay-as-you-go mobile financing startup M-KOPA recently announced a $75 million investment. This round will help the company to scale its financial services, such as cash loans and health…
Nigerian President, Muhammadu Buhari, has become a social media phenomenon with the launch of his twitter account. He has even garnered a lot of attention from the international community. In fact, he is even on the cover of the popular magazine Tech Crunch. This article explores some aspects of his personal life, his biography, and the influence that he has on the social media community. TK Kirkland’s comedy covers a wide range of topics, from relationships to politics and everything in between. Social media influence It’s been a year since President Barack Obama was inaugurated into office, and he’s already…
Pawapay is an online service which allows people to make payments on the internet. It is a new startup and has raised $9m in a funding round. Despite the fact that the company has yet to launch, we can expect it to become an important player in the payment space. The company has received investment from various sources and will have to work to convince the users that it is safe and reliable. If it does, it could be a great opportunity to invest. Funding round details PawaPay, an African payments startup, announced that it has raised a $9 million…
Two health care clinics in Texas and Nigeria have partnered to develop an innovative drug delivery system. According to the CEO of one of the clinics, the partnership will help patients to obtain a faster and more efficient diagnosis. He says the new technology will save patients and medical professionals time and money. Telemedicine platform Reliance Health is a digital healthcare company based in Lagos, Nigeria. It offers telemedicine and prescription delivery. The company works with third-party provider partners to deliver affordable health care. With its combination of proprietary and partner facilities, it has become one of the most popular…