Amazon News

Rita Okuthe, Director of Enterprise Business, Safaricom

Safaricom Sees Amazon as Model for Kenya E-Commerce Platform

Safaricom Ltd. of Kenya plans to introduce an e-commerce platform within eight months targeting formal retail and informal online trading in East Africa’s biggest economy.

Flutterwave raises over $10 million in series A financing

Flutterwave, an online payments company founded by Nigerian 26-year old, raises over $10 million in series A financing (Infographic)

Flutterwave, which provides modern payments infrastructure for banks and businesses to make and accept payments across Africa, announced on Monday that it has raised over $10 million in a Series A round of funding.

Iyinoluwa Aboyeji, the 26-year old Founder of Flutterwave and Andela

26-year-old founder wants to transform online payments in Africa

Aboyeji is the Co-Founder of Flutterwave, a payments API that makes it easier for banks and businesses to process payments across Africa.

Werner Vogels, CTO, Amazon.com

Amazon Web Services cloud platform considering hosting data centers in South Africa

Amazon Web Services is hoping to build cloud data centers in South Africa – an expansion was strongly hinted at by CTO Werner Vogels during the recent AWS Summit in Cape Town.

South African courier WumDrop is tackling address challenges by delivering parcels to your phone location.

How could Amazon deliver without an address? This startup may have the answer

South African courier WumDrop is tackling address challenges by delivering parcels to your phone location.

Kola Aina, Founder, Ventures Platform. Credit: linkedin.com

Betting on Africa's future: Kola Aina, Founder, Ventures Platform

Last year, we decided to experiment with “organized early stage investing” in African technology companies.

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.

Fashion-conscious Lagosians switch to online shopping

Fashion-conscious Lagosians switch to online shopping

Three years ago, MallforAfrica joined the raft of Nigerian tech start-ups attracting private equity and venture capital backing.

Bob van Dijk, CEO, Naspers

Africa's most valuable company Naspers worth less than what it owns (Infographics)

Fifteen years ago, a South African media company invested $34 million in an obscure Chinese Internet developer. Today that stake is worth $88 billion.

iHub, Nairobi, Kenya

A few things we learned about tech hubs in Africa: GSMA (Infographic)

The last mapping exercise done by the World Bank in September 2015 listed less than 120 tech hubs in Africa. As of July 2016, GSMA’s research suggests there are 314 active tech hubs in Africa.

Jumia staff in Lagos, Nigeria

The web startups looking to cash in on 1 billion African consumers (Photos)

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.

Meet some of the tech companies creating opportunity in Africa

Meet some of the tech companies creating opportunity in Africa: Jonathan Berman, CEO, J.E. Berman Associates

For our family, it’s the homecoming routine. I pull up to the house and my son flies out of the car to inspect the box or two on our front stairs. Santa only delivers once a year, but Amazon leaves something on our door about every other day.

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.

Seed funding for African tech startups is really taking off

Venture capital funding for African tech startups is really taking off - here's why

It is well established that VC investing globally is on the rise, but there is increasing evidence that more of this money is landing in Africa too, as the continent is now deemed a less risky place for investors to put their cash.

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.

The real size of Africa compared to the US, India & China

Check out this simple, interactive tool that shows the real size of Africa compared to the US, India & China

Africa is massive; 30.22 million sq km, in fact. It can swallow up the whole of Europe, for instance. Africa is the second largest continent in the world.

Vodacom has 64 million subscribers and runs mobile networks in South Africa, Tanzania, the Democratic Republic of Congo, Mozambique and Lesotho. Photographer: Dean Hutton/Bloomberg

Naspers in talks With Vodacom to deliver video-on-demand services across Africa

Naspers Ltd. is in talks with wireless carrier Vodacom Group Ltd. about delivering video content to mobile devices across Africa as the media company seeks to compete with Netflix Inc. in offering movies and TV in the continent of 1 billion people.

Amazon Opens Johannesburg Office in Africa Expansion

Amazon opens Johannesburg office in South Africa expansion

Amazon.com Inc plans to open a branch of its cloud-based technology business in Johannesburg as the online retailer seeks to expand its customer base in Africa.

Lagos, Nigeria

Meet Some Of The Lagos Luminaries Shaping Nigeria's Tech Scene

President Barack Obama may be the most famous citizen of the United States traveling around Africa this week, but he’s not the only one.

South Africa's Naspers returns to bond market to fund emerging markets internet acquisitions

South Africa's Naspers returns to bond market to fund emerging markets internet acquisitions

Naspers Ltd. sold bonds for the first time in almost two years to fund emerging-market Internet acquisitions, a strategy that’s transformed the media group into Africa’s biggest publicly traded company by market value.

Chris Folayan, a co-founder of MallforAfrica. Credit Thomas Patterson for The New York Times

Order from Amazon & Macy's in Nigeria: MallforAfrica now delivers over 120 global online retailers to Nigeria

Last year, when Tunde Adebayo needed three inflatable bouncy castles for KidzPlay, his event-planning business in Lagos, Nigeria, he turned to an online shopping service called MallforAfrica.

Delivery Science

10 African startups that rocked 2014

2014 has been another amazing year for startups in Africa.

Konga is Nigeria's largest online mall

Online retailers pushing for e-commerce growth in West Africa

As Internet usage surges, an increasing number of online retailers in West Africa are springing up, giving mobile phone users a variety of options to buy and sell new and used items.

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.

BlackBerry Passport

Given BlackBerry's strong popularity in Nigeria and South Africa, will the newly-launched BlackBerry Passport be a hit on the continent?

BlackBerry released its new Passport phone today, a keyboard smartphone with a 4.5-inch​ screen aimed at corporate users.

BlackBerry Z3

Robust BlackBerry Z3 sales in emerging markets, including Nigeria and South Africa, may bring early return to profitability

Late last month, International Data Corporation (IDC) forecast that the growth of smartphone sales in mature markets in 2014 would slow to a low single digit of 4.9% with emerging markets continuing to soar at 32.4%. The exponential growth rate in emerging markets is now 6.5 times of that in developed countries.

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.

Konga Mall

Africa's tech start-ups of the future

Silicon Africa is gaining attention, investment, and momentum.

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.

Jumia Fashion Truck, Morocco

How Jumia Is Adapting E-Retail To Africa

I recently spoke with Jeremy Hodara Co-CEO of Africa Internet Holding, about a particularly intriguing subject: How do you adapt online retail to the specific needs of markets that are much less developed than the U.S. or Europe?

Jumia Nigeria, Tapping into Diaspora Dollars

Internet retailer, Jumia Nigeria, tapping into diaspora dollars

Money sent home by Nigeria’s emigrant workers traditionally covers basic expenses like housing, education and medicine.

Parinaz Firozi, Managing Director, Jumia Kenya

Jumia introduces marketplace in Kenya to put local shops online

Hailing from Nigeria, ecommerce outfit Jumia has unveiled its online marketplace in Kenya. The platform allows traditionally offline suppliers to sell their products to the company’s huge customer base.