Africa-focused e-commerce company, Jumia has released its financial report for the second quarter (Q2) of 2019. This is the company’s second financial report since it became a publicly-traded company, and there are a lot of sides to the earnings report. Here’s what we know.
Investors are betting on Kobo360’s ability to meet a rise in demand in cargo deliveries on the back of the newly-minted Africa Continental Free Trade Agreement (AfCFTA). But the startup’s ambitions will partly depend on the proper and effective implementation of the AfCFTA.
On the 27th of September at 9 am, Techcabal is bringing together the most knowledgeable and influential mobility entrepreneurs, investors and policymakers to explore, discuss and define the potential of Africa’s mobility sector, the challenges and what the future holds.
In a recent interview, Babatunde Fowler, the Chairman of the Federal Inland Revenue Service (FIRS), disclosed that his agency is considering imposing a new tax specifically for e-commerce.
The new features from PiggyVest and CowryWise are designed to help users make transfers to their funds easily; but speculation has been rife about both startups becoming “digital banks”. In reality, neither company has any plans to become a bank at the moment.
Jumia Prime is designed to reduce delivery costs for frequent Jumia customers. It also aims to turn infrequent and first-time customers to repeat buyers.