It is a cliched image. Passengers lined up at the check-in desk for various flights back to African capitals, trolleys overloaded and suitcases straining at the weight limit.
American eBay sellers will soon gain access to Africa’s biggest consumer markets.
Having nearly perfected the business of moving people around on the continent, Uber is set to diversify the core of its business in sub Saharan Africa with the introduction of UberEverything.
Wherever there is a car, a decent road and a reliable GPS connection, there is Uber.
From Nigerian fintech to East African fiber, several exciting and diverse companies are emerging as IPO contenders in Africa’s rapidly growing Technology, Media & Telecommunications (TMT) sector, according to specialist news provider TMT Finance.
AXA is targeting the rapidly expanding market for African specialty insurance by partnering with Chaucer, a Lloyd’s specialty insurance group.
French telecommunications company Orange is to invest 75 million euro ($85 million) in Nigerian e-commerce group Africa Internet Group (AIG) and become a shareholder, the two companies said on Tuesday.
The African subsidiary of Swiss media and e-commerce company Ringier has acquired Nigerian online shopping startup DealDey for an undisclosed amount.
Africa Internet Group (AIG) has secured €225 million ($245 million) in funding from investors including US bank Goldman Sachs, South African telecoms giant MTN and German startup incubator Rocket Internet.
French insurance giant AXA announced today it is investing €75-million to take a 8% stake in Africa Internet Group (AIG), one of the continent’s largest e-commerce operations.
Jovago, Africa’s largest hotel booking portal, has appointed Kushal Dutta as the Managing Director of Jovago Nigeria.
At first glance, Yaba is like many other parts of Nigeria’s sprawling commercial capital: a cacophony of car horns and shouting street vendors mingling with exhaust fumes.
I came across MTN Group Ltd. (OTCPK:MTNOY) during a stock pitch competition I took part in and won earlier this year. I decided to share my analysis of the security with you today.
Marek Zmyslowski is the CEO and Managing Director of Lagos-based Jovago. Jovago is an online marketplace that connects travellers across Africa with hotels. Jovago enables customers to secure hotel rooms through an online platform that is faster, cheaper, and easier than the alternative of making a phone call.
Africa Internet Group (AIG) recently moved its office to Yaba, Lagos, Nigeria. The new office houses six of AIG’s ventures, namely Easy Taxi, Lamudi, Carmudi, HelloFood, Kaymu, and Jovago.
Africa Internet Group (AIG), the leading internet group in Africa, has moved its office to Yaba, housing six of its ventures in Nigeria – Easy Taxi, Lamudi, Carmudi, HelloFood, Kaymu, and Jovago.
Young Ghanaian entrepreneur Nana Tamakloe could hardly have a simpler business plan. When people order clothes from his website, he buys the items from stalls and shops in Accra, ships them with DHL and gets paid online.
Ecommerce is at the epicenter of Africa’s thriving economies. With internet penetration rapidly spreading across the region, this represents huge potential which has hitherto been untapped.
It’s been a good year for Africa’s startups. In terms of investment activity at least, data from one of the world’s most comprehensive startup databases, CrunchBase, shows that there’s been a huge increase within the last year, highlighting confidence.
Rocket Internet-backed Jumia is in the money today, after the Africa-based e-commerce company announced it has raised €120 million ($150 million) in new funding.
Rocket Internet, the global e-commerce investor, will take a more hands-on role in its stable of companies through a stock market listing which was fully subscribed within the first hour of taking orders, it said on Wednesday.
Rocket Internet is planning an initial public offering that could value the technology incubator at around €5 billion, or roughly $6.5 billion.
It’s been a busy year for Carmudi, a developing-world used-car start-up, and it’s about to get busier.
MTN Group has announced it will invest approximately EUR 168 million into AIG in the next two to four years after acquiring 33.3% of the JV between Rocket Internet and Millicom.
Online retailer Jumia, a would-be African Amazon set up by German venture capital firm Rocket Internet, is expanding into three new markets – Uganda, Ghana and Cameroon, the company said on Monday.
Africa’s online real estate sector will be the focus of the entire world within the next five years, according to Obi Ejimofo, managing director of Lamudi Nigeria.
HumanIPO caught up with Africa Internet Group (AIG) managing director Jeremy Hodara to discuss opportunities in Africa, AIG strategies and goals on the continent and the achievements of companies such as Jumia and Lendico.