Jumia Food, a Rocket Internet-backed online food ordering and delivery firm has hired a new Managing Director to drive restaurant sign ups to its platform and drive customer acquisition as the festive season approaches. Shreenal Ruparelia has worked in Management Consulting and eCommerce across Australia, Asia and East Africa and ...
Rocket Internet-backed Jumia has launched an online lending programme for its merchants in Kenya, Nigeria, Egypt, Morocco and Ivory Coast helping them borrow loans to grow their inventory, and help it become an everyday and everything store. By leveraging on transactional, operational and behavioral data on its vendors, Jumia believes ...
For several years, Africans used to send family and friends to shop for them whenever they traveled overseas, by sending them an item or two on Amazon or eBay. Later, hundreds of sites sprouted across cities to help buyers in Africa buy just about anything from hundreds of overseas eCommerce ...
Nairobi-based women-focused lifestyle & fashion site Zumi Magazine raised $250,000 to expand into Nigeria & Ghana. Co-founded by Ex-Rocket Internet executives William McCarren and Sabrina Dorman, Zumi entertainment, lifestyle and love, fashion, beauty and style news to a smartphone enabled, female audience. The site targets 18-35 year old African women. ...
Jumia Kenya has launched “Jumia Express” service (formerly “Jumia First”) in Nairobi in a move expected to see shoppers enjoy next day deliveries in Nairobi and 1 day faster than normal in other parts of the country. Jumia is still mum about same day deliveries in Nairobi a year after ...
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 3.03%. The buy-back will be executed via Xetra trading on the Frankfurt Stock Exchange and will begin on ...
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 best to pivot and survive without much result. The report, was first made public by TechLoy's Loy Okezie ...
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 result of the exercise of the put-call agreement entered into in conjunction with Rocket Internet’s sale of a ...
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, the new payment option on the global mobile food delivery eCommerce now allows employees access to Jumia Food ...
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 Oliver Samwer, Rocket Internet’s CEO, “RICP having reached the hard cap of USD 1.0 billion shows the strong ...
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 sellers and inventory on the homepage to increase sales and revenues which convert into more commissions to its ...
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 qualified and skilled workers looking for temporary work. Founded this year by Robinson Blanckaert and Philippe Benedetti, and ...
Frontier Digital Ventures, which invests in online classifieds businesses in frontier markets with a particular focus on property and automotive verticals and general classifieds has raised US$22.9 million from an an oversubscribed IPO on the Australian Stock Exchange (ASX). Founded in May 2014 and headquartered in Kuala Lumpur, Frontier Digital Ventures, owned by Malaysia-based ...
After Uber was launched, many people in rural Kenya were left in a dilemma since the smart society is concentrated in urban areas. A few months later, Safaricom powered hailing app; Little, was unveiled and Nirobians thought it will have a slow pickup. Anyway, it’s still trying to get people’s ...
Jumia Kenya is turning to Kenyan women entrepreneurs to grow its marketplace by providing business training manuals and tools through empowerment seminars and one-on-one trainings. The firm says it is targeting over 3,000 women to undergo E-commerce training, it will facilitate in collaboration with SheCares International. The 3,000 plus women were ...
Fatema Dharsee Jumia Travel Tanzania, formerly known as Jovago has appointed Fatema Dharsee as the new Country Manager to further develop the growing portfolio of hospitality sector in Tanzania after working as the Head of Marketing at Jumia Food, Jumia Travel's sister company. According to ...
Rocket Internet's Jumia Group (formerly Africa Internet Group) has raised US$55 million (EUR50 million) from CDC, the UK’s development finance institution, to improve its existing operations and expand into new countries. Jumia Group operates online consumer businesses in 23 countries across the continent connecting more than 50,000 local and international companies ...
Oliver Oliver Samwer has transferred his stake in Rocket Internet to the Munich-based "Oliver Samwer Familienstiftung", a family foundation governed by the laws of the Principality of Liechtenstein and subject to unlimited taxation in Germany. This means that all income of the foundation as well as ...
UPDATE: This video has been made private and you might not have access. Africa Internet Group, arm of the struggling German internet clone empire Rocket Internet is rebranding all its ventures to Jumia in an African consolidation move. AIG expects this move to make the new Jumia, Africa's largest ...
Rocket Internet's online store Jumia is set to retail insurance policies to its users across Africa months after the firm signed a €75-million investment deal with French insurer AXA Mansard Insurance for an 8% stake early this year. AXA and Jumia says they'll launch more financial services and insurance products for the ...
Hotel booking website, Jovago.com, has integrated with SiteMinder's Channel Manager in a move to hoteliers to seamlessly update their inventory and room rates on the booking portal to increase their hotel bookings and revenues. “We aim to bring top-notch technology to our hotel partners across all our markets in Africa ...
Ghana's teamMedRX was last week named winner of the inaugural MTN Entrepreneurship Challenge powered by Jumia winning a year-long partnership with Jumia, a Facebook Start Program to the value of US $15 000 and incubation at the MTN Solution Space at the University of Cape Town Graduate School of Business. Founded by ...
Rocket Internet is steadily exiting its Amazon clones in emerging markets including Africa and South East Asia. Last week it sold some stake to Orange Group. Today the firm today sold a 9.1% stake, on a fully diluted basis, in Lazada, its Amazon for South East Asia for USD 137 ...
Lamudi Kenya has partnered with global education technology company Shaw Academy, that will enable Lamudi subscribers to access a live online learning course worth Sh.50,000 ($500) for FREE. All online interaction now made with Lamudi, an online real estate marketplace, will give subscribers an opportunity to develop new practical skills. ...
Rocket Internet is steadily exiting its ventures in Africa, Asia and Middle East by selling out equity to new investors in venture groups it help start in partnerhip with Millicom and MTN. Today, the firm sold an $85m (75 million-euro) just a few weeks after it signed up AXA and ...
AIG-backed online mall, Jumia has today announced that it has partnered with Posta Kenya to allow its customers to pick up items they purchase on the website from Post offices across the country, a move we presume will help the firm reach more buyers as well as increase its visibility ...
AIG-backed Everjobs, has began work in Dakar, Senegal in a mission is to simplify the job search and hiring process by connecting job seekers with employers in a matter of clicks. Everjobs will support Senegal’s ambitious plan to establish itself as an emerging country by 2035. The initiative, known as ...
Tanzania's general classifieds site Kupatana.com has raised an undsiclosed funding from Malaysia's Frontier Digital Ventures (FDV) to consolidate its number one position in Tanzania, and bolster its operations in Uganda, Rwanda and Burundi. Kupatana is Swahili for meeting and the firm connects buyers and sellers just like Naspers-Backed OLX and ...
We told you about Vendito weeks ago and we are happy to announce that the firm has finally launched the site in Africa and Asia. Through a press release send out to media houses and blogs today, Rocket Internet's AIG and APIG said that Vendito.com, the new classified ads platform ...
Online hotel search and booking engine Jovago has began operations in Addis Ababa, Ethiopia to bring services close to the people, the firm announced. Jovago.com says the new proximity to both its customers and partner-hotels is a key driver in both business development and effective customer service. Estelle Verdier, the ...
