Jumia announced a new round of investments amounting to EUR 120 million. These investments, which were made by existing shareholders, strengthen the company’s position as the leading online retailer in Africa. Jeremy Hodara, co-CEO of Africa Internet Group said: “We are very pleased to have been given this show of confidence, which acknowledges JUMIA’s success.
A new online ad site that allows individuals to buy mobile devices has been launched in Nigeria. Dubbed giddiphones.com, the platform allows buyers and sellers to meet and transact business. In an interview with HumanIPO, Yemi Olulana, founder of the startup said the goal is to simplify the way Nigerians buy phones. “giddiphones.com is an
In several African countries, ecommerce is on the horizon and citizens are beginning to open their arms to embrace the virtual-world-made-real community. But although mode of payment, accessibility and education of prospective online shoppers are seen as major setbacks, the increasing interest of cyber criminals in the multibillion dollar ecommerce sector poses more harm than
Access Bank Plc and Airtel Nigeria Limited have gone into a partnership to introduce a mobile money service known as Access Money.The service allows customers to perform simple, secure and instant financial transactions using their mobile phones. With the service, customers on the mobile network can send and receive money, make deposits and withdrawals, pay
Ericsson announced that MTN Uganda has deployed the Ericsson Converged Wallet platform, enabling the operator to quickly introduce relevant, new and differentiated mobile financial services offerings for seven million MTN Uganda mobile wallet users and 50,000 agents. MTN Uganda is part of MTN Group, a multinational telecommunications group, connecting approximately 219 million people in 22
Women who chose Ruby, a female focused current account offered by pan-African bank, United Bank for Africa (UBA) Plc, will now enjoy more perks as the bank has expanded its list of exclusive partners offering special services to its female account holders. Ruby is a current account offered by UBA exclusively to its female bank
IN a move to fight cyber crime and protect citizens from falling prey to cyber criminals, the government will next year table in Parliament three bills whose aim is to ensure protect electronic transactions and personal data information as well as ensure security. The Deputy Minister for Communication, Science and Technology, Mr January Makamba named
Tanzania is the first country in Sub-Saharan Africa and ninth globally for demonstrating most conducive environments for financial inclusion, according to the new Global Microscope 2014 by The Economist Intelligence Unit. The new study released this month shows the country has been outstanding in the region in financial inclusion and the regulatory framework has noted to
Safaricom has announced the launch of M-Ledger, an Android based application that provides subscribers on the company’s network with a simple and easy to use financial journal to track and monitor their M-PESA transactions. Developed in partnership with a local start-up Dynamic Data Systems, the partnership is the first in an anticipated series of partnerships
South Africa’s digital economy is the most developed in Africa, and one of the fastest growing in the world, according to the new Digital Evolution Index developed by MasterCard and The Fletcher School at Tufts University that tracks a country’s movement toward digital evolution, gauges progress and assesses challenges in 50 countries comprising the Index.
