Alibaba News

Africa's banker of tomorrow

Armed with fintech and fueled by data: Africa's banker of tomorrow

Markets in Shanghai closed up today on news that the Chinese bullet train manufacturer Fujian Corp won the contract to connect Casablanca to Abidjan.

At the regional finals of the third annual Challenge Cup, hosted this year in Nairobi. Credit: Christopher M. Schroeder/recode.net

Startup Rising Africa

It’s hard to get more American than generalizing Africa as one big homogenous thing. It is, of course, a rich and diverse continent of more than 50 nations, where merely a piece of it — say from Kenya to Nigeria — is a greater distance than the entire United States.

Sim Shagaya, Chairman & former CEO, Konga

Konga Founder Sim Shagaya steps down as CEO

Nigerian tech entrepreneur Sim Shagaya has announced he is stepping down as the CEO of Konga. Konga is one of Africa’s leading ecommerce companies.

Africa's digital banking boom

Africa's digital banking boom

Five years ago, banking clients in Nairobi had to spend an hour queuing to pay their utility bills. Fast forward to the present day, and these clients can now pay their bills at the touch of a button from the comfort of their home.

Alec Oxenford, Founder, Letgo

South Africa's Naspers invests $100M in smartphone start-up Letgo

The world of online marketplaces may already seem crowded with the likes of Amazon.com and the Alibaba Group.

Nigerian startup Green Energy is heading to Switzerland to win $500,000 at the Seedstars World (SSW) final competition

Nigerian startup Green Energy is heading to Switzerland to win $500,000 at the Seedstars World (SSW) final competition

Green Energy is representing Nigeria at the Seedstars World (SSW) Grand Final in Geneva and will be competing against 35 startups from other emerging markets.

Sim Shagaya, Founder & CEO of Konga and DealDey

Building Konga, Africa's Alibaba: Sim Shagaya (Part One)

Chatting with Simdul Shagaya is like an intense, super-charged colloquy on doing business….in Africa.

Takealot CEO Kim Reid, who will manage the merged entity under the Takealot brand together with Co-CEO and CTO Willem van Biljon

Kalahari.com and Takealot.com in merger deal

South African e-commerce giants, Kalahari.com and Takealot.com, have announced that they are merging their operations.

Jumia is one of Africa Internet Holding's portfolio companies

Africa Internet Group's parent company Rocket Internet draws big IPO investor crowd for emerging markets web plan

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.

A staff member of on-line retailer Jumia, pushes a cart past shelves at the company's warehouse in Lagos April 10, 2014

Online retailer Jumia expanding into new markets: Uganda, Ghana and Cameroon

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.