The Africa Alliance for E- Commerce (AAEC) has renewed its partnership with West African Economic and Monetary Union (WAEMU) through an additional funding of 10 million CFA Francs this year to support the joint project between WAEMU-AAEC-AfDB.
Jumia has announced plans to set up a technology hub in Nairobi that will create over 100 jobs. This is contained in the e-commerce firm’s first sustainability report covering 2021.
Barbadian singer, songwriter, actress, fashion designer and businesswoman Robyn Rihanna Fenty (Rihanna), announced the launch of her Fenty Beauty and Fenty Skin products across eight African markets.
Credo, Africa’s pioneer social payment platform will be hosting a social payment hackathon, the first of its kind in Nigeria,16th May – 21st May 2022.
Amazon is giving customers in Egypt access to buy now, pay later (BNPL) thanks to a consumer financing offering from valU Consumer Finance.
The merger would create an over $900 million annual revenue and highly profitable Nasdaq-listed Fintech and Agri-Fintech company serving the African and Asian markets.
With more and more businesses moving into the e-commerce space, it's increasingly becoming essential to curve a way for your online business to stand out and thrive among competitors.
Jumia on Wednesday released its first Environmental Social Governance Report outlining its ESG strategy alongside an overview of current sustainability practices at Jumia.
Egyptian last-mile delivery firm Mylerz raises $9.6 million to expand logistics solutions in North Africa
Mylerz’s proprietary logistics management technology allows it to deliver e-commerce products to customers in city centers in as fast as same-day delivery.
[Nigeria] B2B eCommerce platform TradeDepot appoints Chidi Akubuiro as Managing Director for West Africa
TradeDepot, a B2B eCommerce and embedded finance platform in Africa, has appointed former Coca Cola HBC and Hayat Kimya Nigeria Executive, Chidi Akubuiro as its Managing Director for West Africa.
Amid coronavirus-driven lockdowns and social distancing, proliferating mobile apps and online channels have proven vital lifelines. US mobile banking grew 50% in the first half of 2020.
TymeBank, a digital bank in South Africa, looks to empower small and micro businesses to accept card payments, powered by Network International, an enabler of digital commerce across Africa and the Middle East.
MFS Africa has announced a partnership with Moroccan mobile money provider inwi money, bringing smooth and affordable international digital money transfers and payments to Morocco.
[Nigeria] Mastercard, NetPlusDotCom and Innovectives partner to enable MSMEs accept digital payments
Mastercard, NetPlusDotCom and Innovectives have announced a milestone in their partnership to provide micro, small and medium-sized enterprises (MSMEs) in Nigeria with digital payment tools.
The U.S. International Development Finance Corporation (DFC) approved investments this quarter totaling more than $2.5 billion across nine projects that will advance development in Africa, Latin America, and emerging markets across the globe.
Mastercard and Zimswitch, Zimbabwe’s national payment switch, have partnered to enable the modernization of Zimbabwe’s payment infrastructure, using Mastercard’s technology, products and services.
NMB Bank PLC and Mastercard have announced a partnership to roll out 1.5 million Mastercard branded prepaid and credit cards in Tanzania over the next five years.
Co-operative Bank of Kenya has partnered with Thunes, a cross-border payment provider, to launch an alternative global money transfer solution: Co-opRemit©.
WorldRemit, a cross-border digital payments service, has launched a service for customers in Nigeria to receive international transfers in their bank accounts in USD.
Le gouvernement de la République d’Algérie a annoncé la suppression de tous les impôts et taxes sur l’e-commerce, les téléphones portables, les matériels informatiques à usage personnel et les start-up.
Ethiopia's Ethio Telecom has announced a loyalty program it dubbed "Ashamtele", said to enable Ethio Telecom's customers be rewarded for using its services.
Instant loans, sometimes called digital loans, are gaining speed in the country and the telecom sector took some giant steps forward this week.
Optty, the world’s first Buy Now, Pay Later integration platform, has in stealth raised over $9 million USD in private funding and today announced its solution for retailers and payment gateway providers to revolutionize the fast-growing sector with transparency, simplicity, and speed.
Outfund is an alternative investment platform that focuses on venture capital funds and bank loans to invest in businesses such as eCommerce, Software-as-a-Service (SaaS) and retail.
Kwely Inc. a finalisé un cycle de financement de démarrage d'un million de dollars avec une injection de 700 000 dollars de capitaux frais dirigée par WIC Capital avec la participation de Loftyinc Capital, Afropreneur Angels, Haskè Ventures et d'autres investisseurs providentiels.
African B2B marketplace Kwely Inc. finalized a $1 million seed funding round with a $700,000 injection of fresh capital led by WIC Capital with participation from Loftyinc Capital, Afropreneur Angels, Haskè Ventures and other angel investors.
Skaleet, an international fintech providing a next-generation Core Banking Platform (CBP), announced a partnership with Thunes, a global cross border payments provider, to offer an instant, global payment service to both B2B and B2C customers.
Mastercard announced the launch of an enhanced identity solution designed to improve the online shopping experience and tackle digital fraud in a new collaboration with Microsoft Corp.
Jumia Food has inked an exclusive partnership with Domino's Pizza to help them reach more consumers and grow its business
E-commerce leader Jumia has partnered with Chinese global logistics company 4PX Express to help it expand its reach in Africa
Lipa Later, the first of its kind buy-now-pay-later (BNPL) company operating in Kenya, Rwanda, Uganda and Nigeria, has appointed a new Chief Technology Officer.
The partnership gives UPS a stronger presence across Africa starting in Kenya, Morocco, and Nigeria at a time when online retail is surging and expected to continue.
Copia Global, a Kenyan-based mobile commerce platform has announced the appointment of former Amazon executive Jason Murray to its Board.
The number of POS terminals in Nigeria grew from 150,000 in 2017 to 543,000 in April 2021, according to Statista.
EgyptAir entered into a partnership agreement with ValU and Pay Tabs Egypt this week to provide payment solutions for airline tickets.
Customer Journey Management (CJM), can help business owners boost customer satisfaction, increase sales and revenues. This is a method of optimising the online and in-store customer experience.
E-commerce leader Jumia has today announced a partnership giving UPS access to its last-mile logistics capabilities and infrastructure to grow its delivery services in Africa.
Netcetera and Covalent enter new international partnership, expanding online payments in Middle East & Africa
Swiss software company Netcetera is now collaborating with Pakistani payments powerhouse Covalent in order to provide a smooth and secure online payment experience for customers.
Selling online means telling stories, evoking emotion and establishing trust. No one owes you their business, you have to earn it with every interaction.
Lipa Later, a payment option that allows customers to purchase commodities through affordable monthly instalments has on-boarded Hotpoint as a new retail partner.
Mastercard has announced a growing list of leading partners, including BNPL specialists and globally recognized brands, further expanding Mastercard Installments, the unique BNPL program that delivers greater choice at checkout, both in-store and online.
The Central Bank of Egypt (CBE) has announced the official launch of the Instant Payment Network and “InstaPay” mobile application.
French-Nigerian B2B startup Kwik, a fast-growing provider of SaaS logistics services to social vendors and e-commerce platforms in Africa, has announced that it successfully closed its $2 million Series A round.
Jumia Kenya consumers will enjoy great discounts during the Tech Week Campaign which started this week.
Kenya is set to host the first trade facilitation summit in the East African region as the country seeks to increase international trade.
Clickatell, a CPaaS innovator and Chat Commerce player has announced it has launched the integration of its industry-leading Chat 2 Pay payment solution with Salesforce Commerce Cloud, the fastest path to unified commerce.
Daily customer purchases on Jumia indicate that everyday essentials could just be the key to e-commerce growth in Kenya
Buy-now-pay-later (BNPL) company Lipa Later operating in Kenya, Rwanda, Uganda and Nigeria, has announced it will be offering all it’s employees 6-month paid maternity leave effective April 1st 2022.
valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle enabling fintech platform, and noon.com, the Middle East’s leading e-commerce platform and online shopping destination, announced a partnership that will allow noon and valU’s users to take advantage of valU’s flexible installment plans through noon.
Egypt’s banking system processed one billion electronic transactions in 2021 with a total value of EGP 2.8 trillion, according to Ayman Hussain, the sub-governor of the Central Bank of Egypt (CBE) for the Information Technology Sector.
Over 1000 women SME owners across Nairobi County have benefited from a five-day financial training tour designed to help women entrepreneurs running small businesses strengthen their financial situations in the post-pandemic era.
Stephen Oehley is the CEO of Xtendevent, an infrastructure for organising trade shows, digital expositions and corporate events.
Jumia consumers will enjoy a 50% discount on diverse cuisines from across the country during Jumia Food Festival Campaign which will take place from 1st to 13th March.
It is also considered one of the fastest growing companies in the Egyptian market since its first launch in Egypt at the start of 2021, OPay Group quickly gained the confidence of thousands of merchants that utilize its points of sale (POS) to collect bills and other payments.
[Africa Tech Review] Nixon Kanali: More African countries are competing for a share of the continent’s data center market
This week, Acronis, a global player in cyber protection announced the availability of a new Acronis Cyber Cloud Data Center in Lagos, Nigeria.
Now that AI and M2M are fast becoming more entrenched, merchants are reaping the benefits of ever more integrated and secure payment solutions.
[Nigeria] B2B eCommerce platform TradeDepot acquires Green Lion to accelerate expansion across Ghana
TradeDepot, a B2B eCommerce and embedded finance platform in Africa has acquired its competitor from Ghana Green Lion for an undisclosed amount.
ACI Worldwide, the global real-time payments software, announced a partnership with South Africa’s financial services provider, Nedbank, to drive its digital transformation journey including real-time payments.
Egypt's exports in 2021 rose to $31 billion, reaching the highest level in history.
Kenyan retail tech startup MarketForce raises $40m Series A to scale up super app for Africa’s informal merchants
MarketForce, the Nairobi-headquartered B2B platform for retail distribution of consumer goods and digital financial services in Africa, announced the closing of a $40 million Series A round, the largest Series A round of it’s kind in East and Central Africa.
[African Startup Review] Pie Kamau: Nigerian fintech Flutterwave is now Africa's highest valued Unicorn
As the African fintech industry continues to bloom, so does the funding. Flutterwave, the San Francisco-headquartered and Lagos-based company has now become Africa's highest valued startup with a valuation of over $3 billion.
Here are the leading logistics technology trends that will soon influence the local on-demand sector – and make the home economy grow even bigger.
Nigerian fintech Flutterwave has raised $250 million in a Series D round that tripled the company’s valuation to over $3 billion in twelve months.
Zbooni, MENA's c-Commerce (connected commerce) platform, has announced its official launch in Egypt. The rapidly scaling startup, which is backed by regional and global investors, will support the backbone of the Egyptian economy.
The startup ecosystem in Africa is taking shape. A lot of technological innovations especially in the areas of fintech, e-mobility, e-commerce, healthtech, foodtech and cleantech have seen accelerated growth towards Africa’s digital transformation and innovation.
Jiji already holds leadership positions in Ghana and Kenya.
African digital payments company DPO Group has partnered with Bank of Kigali to onboard e-Commerce merchants for the bank, in Rwanda.
[Colum] Julia Carvalho: Africa has to look to emerging technologies like AI to fuel its economic recovery in 2022
Forward-thinking leaders, policymakers and organisations are turning to AI – which is helping organisations experience the equivalent of 10 years of growth in less than one year in areas such as e-commerce.
Through the ground-breaking partnership, Mazadat’s customers will benefit from valU’s convenient and affordable financing plans and pay for products seamlessly via PayTabs payment gateway, through auctions or fixed-price listings.
B2B marketplace startup Retailo raises $36m Series A funding to empower community commerce in the MENA region
Retailo, the B2B marketplace startup for retailers in Middle East, North Africa, and Pakistan (MENAP) which is digitizing the region's retail supply chains, has raised $36 million in its Series A investment round.
E-commerce giant Jumia Kenya has announced that customers in Nairobi will from this week free delivery on orders above Ksh.1,000.
The Nigerian Postal Service has added financial inclusion as part of its services to Nigerians, introducing its own e-debit card, agency banking platform and 27 new logistics vehicles for courier services.
outh African B2B delivery-as-a-service (DaaS) startup Orderin has raised $4.7 million pre-Series B funding to scale its infrastructure and improve its last-mile delivery service.
To gain a competitive advantage and to exceed customer expectations, businesses need to discover the emerging trends in ecommerce and adopt current trending technologies in software.
Based on its strategy to provide new tech opportunities for youth and further expand e-commerce, Jumia, the e-commerce leader in Egypt, officially announced the launch of the new Tech Center in Alexandria Governorate.
Kenyan artists are creating infrastructure to support digital art sales, as sales across Africa move online.
Morocco fintech startup Chari closes a bridge round to pilot BNPL services with grocery stores in Francophone Africa
Aiming to take a serious step towards the Fintech space, Chari has announced the closing of a bridge round led by the Saudi-based venture capital fund Khwarizmi Ventures (KV), AirAngels (Airbnb Alumni Investors), and Afri Mobility, the venture capital arm of AKWA Group.
Kenyan-based mobile commerce platform Copia Global has raised $50 million in a Series C equity round led by Goodwell Investments.
Samsung Electronics East Africa has today announced the launch online brand shop targeting online consumers in Kenya in partnership with BrandCart Limited.
Lipa Later, one of it’s kind buy-now-pay-later (BNPL) company operating in Kenya, Rwanda, Uganda and Nigeria, has raised $12 million from a consortium of investors.
Afrikrea, an Ivorian e-commerce startup has raised $6.2M pre-Series A round led by Investisseurs & Partenaires. The startup has also rebranded to “ANKA”.
Namibia-based B2B eCommerce startup JABU, which calls itself a last-mile distribution eCommerce company, has raised $3.2 million in a financing round.
The South Africa E-Commerce market is poised to reach $ 7.9 Billion by 2027 from $4.5 Billion in 2021 according to a recent report by Research and Markets.
Mohamed Gamil at the National Bank of Egypt has disclosed that the bank accounts for about 60% of the e-commerce transactions market and 47% of the total POS machines in Egypt.
African Development Fund grants $1.5m to strengthen policy environment for digital trade and e-Commerce across Africa
The African Development Bank Group approved a $1.5 million grant to assess policy gaps in the digital trade and e-Commerce ecosystems in 10 countries in Africa.
The end of year (fondly referred to as ‘ember months’) tends to bring about anxieties of different sorts among Nigerians.
Sympl, the first ‘Save Your Money Pay Later’ platform in Egypt, announced it raised $6 million funding round led by Beco Capital along with A15, and Global Ventures. Sympl will use the proceeds to accelerate the growth of its merchant network.
Mastercard and ProgressSoft partner to simplify remittance solutions across Middle East and North Africa
With Mastercard Cross-Border Services, financial service providers can seamlessly process digital payments leveraging its global network through a single connection.
[Nigeria] TradeDepot Raises $110 Million To Extend ‘Buy-Now-Pay-Later’ Service to Retailers Across Africa
TradeDepot, the leading B2B eCommerce and embedded finance platform in Africa, has raised $110 million in an equity and debt funding round to support the delivery of Buy-Now-Pay-Later services to 5 million SME retailers
Globally, this is 3.7% higher than the same five-day period leading up to Cyber Monday last year. For transactions originating from Kenya, the percentage of suspected fraudulent transactions decreased by 16.5% when comparing those same periods
On Monday, Africa Data Centres officially opened its new 10MW data centre facility in Lagos, Nigeria. The new facility, the company says, will pave the way for Africa Data Centres hyperscale customers to deploy digitisation solutions to West Africa
[Column] Gilbert Lungu: How seamless payment experiences make retail brands more valuable and relevant
As established brands in the retail sector aggressively compete to acquire, cultivate, and defend their share of the Zambian consumer’s spend, those that connect, engage, and transact in the most unified and frictionless ways will be best positioned.
Jumia Kenya has partnered with eBee Africa to launch a fleet of electric bicycles, to amplify Jumia’s logistics capacity for delivery.
[South Africa] Mastercard and PayFast host masterclass to help SMEs start or grow a resilient online business
Under the theme ‘The New Age of Digital Entrepreneurs: Growth Re-loaded’, the masterclass brings together some of South Africa’s incisive business and management gurus who will share insights on how SMEs can start or grow their business online, mitigate risks, and take the “new normal” by storm.
South African expense management solution SlipMate has announced that it has enabled e-commerce functionality for its Mastercard corporate prepaid cards, a first-of-its-kind integration for the South African market.
Flutterwave’s acquisition aims to improve the process of digital content creation for Disha users, enabling them to earn value for their creativity using the platform’s new payouts and collections solution. Disha has acquired over 20,000 users organically over 12 months.
African retailer Pick n Pay selects Clickatell to manage its WhatsApp customer communication channel
Clickatell, a player in mobile communications and chat commerce, has been selected by African retailer Pick n Pay, to manage its WhatsApp customer communication channel.
Exinity, the new wealth engine with an ambition to unlock the value of risk-driven trading for ambitious individuals, today launched Exinity Trader in Kenya.
Jumia has announced the appointment of Betty Mwangi, as Kenya’s new Chief Executive Officer. She takes over the leadership mantle from former CEO Sam Chappatte.
The partnership allows JumiaPay as a payment gateway to manage the payment operations of valU consumers by linking valU and JumiaPay for electronic payment services.