Total 69 Posts
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.
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 Stripe’s international expansion, as Paystack will be Stripe’s catalyst for growing internet commerce in Africa.
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.
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.