Oladunni Adetula

Oladunni Adetula

Total 69 Posts
Actively thinking of how technology can save my world. Staff Writer at iAfrikan.

MTN Group sold its 18,9% stake in Jumia Technologies

MTN Group has announced that it has sold its 18,9% stake in New York Stock Exchange-listed Jumia Group. This ends MTN's journey as an investor in Jumia since 2013.

Nigeria's Paystack has been acquired by Stripe for $200 million

Nigerian payments company, Paystack has been acquired by global payments leader, Stripe, to accelerate online commerce across Africa. This acquisition is the latest move in Stripeโ€™s international expansion, as Paystack will be Stripeโ€™s catalyst for growing internet commerce in Africa.

Jumia launches games subscription service

Jumia has launched Jumia Games, a new subscription-based gaming service on its Super App, JumiaPay. Subscriptions to Jumia Games start from โ‚ฌ1,50 per month.

New $30 Android smartphone for the African market

A new affordable smartphone called the Sanza touch has been launched by Orange for the African market. It costs $30 and runs the 4G Android (Go edition).

Africa has 477 million mobile phone subscribers

Africa remains the fastest-growing region with 477 million mobile subscribers at the end of 2019. Notably, 272 million people are now mobile internet users, representing 26% of the population.

Founders Factory Africa has invested in HealthTech startup RxAll

Founders Factory Africa (FFA), along with its corporate investors in South Africa, namely Netcare Group and Standard Bank Group, has announced that Healthtech startup, RxAll, has been selected to participate in its Venture Scale program.

E-commerce Venture Capital deals in Africa spiked during the second quarter of 2020

While challenges to adoption still exist, both in terms of customer preferences and inefficiencies in the market, e-commerce is beginning to generate traction both because of necessity and the presence of enabling technologies.