Rocket Internet announces share buy-back program for a maximum of up to 100 million Euros

Rocket Internet has resolved to carry out a share buy-back program of up to 100 million Euro and a maximum volume of up to 5,000,000 shares, representing a maximum of up to... Read more »

Struggling Rocket Internet’s Jumia Market Calls it a Day in Nigeria, Kenya & across Africa

UPDATED: Rocket Internet’s online marketplace Jumia Market has called it a day and is no longer accepting new inventory in both Nigeria, Kenya and various other markets across Africa after trying its... Read more »

Rocket Internet to sell its remaining 8.8% stake in Lazada to Alibaba for $276 million

Rocket Internet is set to sell its remaining 8.8% stake in Lazada to Alibaba for USD 276 million, equating to an implied USD 3.15 billion valuation of Lazada. The transaction is the... Read more »

Jumia Food Kenya launches M-Kula to help employers offer meal passes online

Jumia Food Kenya has partnered with Sodexo Group – a global leader in employee benefits and reward scheme to offer employers a seamless mobile solution dubbed M-Kula. According to the two firms,... Read more »

Rocket Internet Capital Partners Fund raises $1 billion to invest in Internet startups this year

Rocket Internet Capital Partners Fund has raised USD 1.0 billion to invest in early stage and growth equity investments globally making it Europe’s largest fund focused on the Internet sector. According to... Read more »

Jumia Market overhauling site to double inventory & increase revenues for its sellers

 Jumia Market formerly Kaymu is overhauling its front end design, signature color and the total customer experience in a move that will see Jumia Market host a lot more C2C and B2C... Read more »

UShift connects employers with locally available, vetted, hourly workers on-demand

Ushift, an on-demand staffing platform for businesses to fill their hourly or daily labor needs in shifts has launched to make it easy for businesses to post jobs and get matched with... Read more »