In 2016, Africa Internet Group (Jumia’s former parent company) raised $493 million at a $1 billion valuation making it Africa’s first tech unicorn. Jumia comprises 10 businesses (sharing the brand name) spread across 23 African nations. The company which launched in 2012, generated about $234 million in revenue in 2015, a 265% increase from the […]
This is an edited version of the TechCabal daily digest for September 4, 2017. Subscribe here, to get it in your mailbox every day around 7am (WAT).
Analysis of the strength, weaknesses, opportunities, and threats prevalent in the Nigerian e-commerce sector
Merchants will be able to sell on the site at 0% commission
It’s coming to Nigeria first
In light of the recently published Kinnevik Q2 2016 earnings report, TechCabal organised a conference call at noon yesterday with a few financial and e-commerce experts to discuss the state of the internet business in Nigeria. One of the experts on the call, an Investor named, Eloho Omame thinks the real issue is that the Nigerian […]