E-Commerce News

Kim Reid, Founder & Co-CEO, Takealot

Africa's most valuable company Naspers ups investment in South Africa's largest e-commerce company Takealot

Naspers, Africa’s biggest ecommerce and digital company, has just invested R960 million (about $69.4 million) in Takealot Online, South Africa’s largest ecommerce company.

Estée Lauder partners with Jumia to bring key brands to Nigerian market

Estée Lauder partners with Jumia to bring key brands to Nigerian market

The Estée Lauder Companies is set to launch Clinique, Estée Lauder and Aramis into the Nigerian market for the first time thanks to its new partnership with Jumia Online Retailer.

A Jumia office: In 2016, Jumia became Africa's first "Unicorn". Credit: qz.com/Reuters/Akintunde Akinleye

Here's what could happen if Africa's top mobile operators and start-ups work together

Telecom operators across the African continent continue to face significant risks when it comes to revenue growth.

Kelechi Anyadiegwu, Founder & CEO, Zuvaa. Credit: good.is

How one 26-year-old turned $500 into $2 million online (Photos)

What started with a compliment turned one young woman’s idea into a million dollar business. When Kelechi Anyadiegwu started her online African clothing store Zuvaa with $500 two years ago, her idea was to share African-inspired designs with consumers around the world.

Raphael Afaedor, Co-Founder & CEO, Supermart.ng. Credit: NdaniTV

How former Jumia MD is selling groceries online in Nigeria

Lagos’s infamous back-to-back traffic can turn a simple trip to the grocery store into a time-consuming ordeal.

Olatorera Oniru, CEO, Dress Me Outlet. Credit: konnectafrica.net

From Wall Street to e-commerce in Nigeria

“To scale through the start-up phase is very difficult. It requires a lot of tenacity and, like I always say, it requires experience.” So says Nigerian Olatorera Oniru.

Shola Adekoya. CEO, Konga

Why Konga could be Africa's answer to Amazon: Shola Adekoya, CEO, Konga

Konga.com was founded in July 2012 and started purely as an online retailer selling baby and beauty products.

Nigerian Fintech Startup Paystack Raises $1.3 Million

Nigerian Fintech Startup Paystack Raises $1.3 Million

Paystack, one of Nigeria’s most hotly anticipated tech start-ups, has just secured $1.3M Seed investment from both international and homegrown investors.

The race to fix Nigeria's payments problem just received a big boost

The race to fix Nigeria's payments problem just received a big boost

Making online transactions is a process taken for granted as one of the natural offshoots of deeper internet penetration.

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.

Abidjan, Ivory Coast

Ivory Coast: Tech Hub on the Rise

Following years of political turmoil, Côte d’Ivoire is growing quickly and attracting investment. Now, the government is trying to position the country as west Africa’s technology and start-up hub.

Juliet Anammah, CEO, Jumia Nigeria

How e-commerce can lift Nigeria's economy: Juliet Anammah, CEO, Jumia Nigeria

Juliet Anammah, Jumia’s CEO, Nigeria‘s leading online shopping platform, cut her teeth in corporate management at May & Baker Plc where she worked for eight years. Her experience in strategic management at Accenture equally molded her for the challenging task of ensuring that Jumia succeeds in Nigeria.

Paga agent: Mobile money is catching on. Credit: qz.com

Nigerians are finally using mobile money services

It took a while to catch on but Nigerians are finally using mobile money. Over the past decade, financial institutions and telecoms operators, sometimes in collaboration, as well as standalone firms have tried to deploy mobile money services in Africa’s largest economy with mixed success.

Iyinoluwa Aboyeji, Co-Founder, Andela. Credit: thescoopng.com

Andela Co-Founder Iyinoluwa Aboyeji is leaving to start payments company Flutterwave

Just eight weeks after raising $24 million in a funding round led by Mark Zuckerberg’s foundation, Andela, one of Nigeria’s best-known startups, is saying goodbye to its co-founder Iyinoluwa ‘E’ Aboyeji.

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.

Opeyemi Awoyemi, Ayodeji Adewunmi and Olalekan Olude, Founders of jobs site Jobberman. Credit: Jobberman/theguardian.com

Here are Africa's top 10 tech pioneers

Africa’s digital transformation would be nothing without the tens of thousands of people who have invested, and continue to invest, energy into propelling it forward.

Why online marketplaces are not helping e-commerce grow in Nigeria: Oyihoma Saleh, CEO, Kosava Deals

Why online marketplaces are not helping e-commerce grow in Nigeria: Oyihoma Saleh, CEO, Kosava Deals

Nigerians are certainly warming to the idea of shopping online —  especially through mobile  — and this is widely expected given how suited the concept is for addressing the needs of an underserved population with a fast-growing middle class.

AIG is the parent company of Jumia, one of Africa’s leading e-commerce firms.

CDC invests €50M in Africa Internet Group

CDC, the UK’s development finance institution, recently announced a EUR50m equity investment in Africa Internet Group (AIG).

BalogunMarket.ng - The African Future Is Digital

The African Future Is Digital: Victor Asemota

WhatsApp? What is That? A couple of years ago, one of our Managing Consultants was in South Africa. She had decided to buy a local SIM instead to save cost on roaming.

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Online shopping startup MallForAfrica partners with e-commerce giant eBay

American eBay sellers will soon gain access to Africa’s biggest consumer markets.

South Africa's MTN bets on mobile banking with new CEO

South Africa's MTN bets on mobile banking with new CEO

MTN’s new chief executive Rob Shuter has been brought in to boost profits at Africa’s biggest mobile phone group after a $1.7 billion fine in Nigeria, by persuading its 200 million clients to use their handsets to store money and pay bills.

UberEverything will have to get round logistics difficulties in cities like Lagos. (AP Photo/Sunday Alamba)

Uber Africa will diversify beyond car rides this year with its UberEverything service

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.

As it expands in Africa, Uber adapts to local markets and adopts cash payments

As it expands in Africa, Uber adapts to local markets and adopts cash payments

While Uber continues its push into Africa the company is making allowances to local markets and testing unique service models users wouldn’t see in other parts of the globe.

Interswitch: Africa’s first ‘unicorn’? Credit: eyefortravel.com

Interswitch: Africa's first 'unicorn'?

An integrated digital payments and transaction processing company in Nigeria has travel companies queueing up, writes Sally White.

Philip Akesson, Country Manager, Travelstart Nigeria

Travelstart appoints Philip Akesson as Nigeria Country Manager

Travelstart has just announced the hiring of Philip Akesson as Nigeria Country Manager, effective June 1st, 2016. Akesson will be based in Travelstart Nigeria’s office in Ikeja, Lagos.

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.

Justin Clarke, CEO, One Africa Media & Acting CEO, Ringier One Africa Media

Ringier Africa and One Africa Media form joint venture

Ringier Africa and One Africa Media (OAM) have agreed to merge their pan-African Classifieds assets to create and grow Africa’s largest classifieds group.

Olatorera Oniru, CEO, Dress Me Outlet

Meet the Nigerian woman who is building the fashion Amazon of Africa

Olatorera Oniru is one of Nigeria’s most assiduous and ambitious young entrepreneurs. The 29 year-old lady is the founder of Dressmeoutlet.com, a Lagos-based e-commerce startup that retails fashion products sourced from across the globe.

Why Nigerian entrepreneurs should solve other problems apart from ecommerce: Dotun Olowoporoku, Founder, Starta Africa

Why Nigerian entrepreneurs should solve other problems apart from ecommerce: Dotun Olowoporoku, Founder, Starta Africa

Nigeria is almost a victim of it’s size. It’s almost too easy to have big ambition.

Stephane Richard, Chairman and CEO of Orange

French telco giant Orange to invest $85 million in Nigerian e-commerce group Africa Internet 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.

Chris Folayan, Founder and CEO, MallForAfrica

Mall For Africa: How a Nigerian built an African e-commerce empire from his bedroom

As an Africa business coach and consultant I have the pleasure of wandering through African business news and related success stories as part of my job.

Nigerian e-commerce site DealDey gets acquired by Swiss media group Ringier (Infographic)

Nigerian e-commerce site DealDey gets acquired by Swiss media group Ringier (Infographic)

The African subsidiary of Swiss media and e-commerce company Ringier has acquired Nigerian online shopping startup DealDey for an undisclosed amount.

Mitchell Prather, Managing Director, Djembe Communications

We see opportunities in every conceivable sector in Africa: Mitchell Prather, Managing Director, Djembe Communications

We are seeing inquiries from a number of public and private sector entities representing a wide variety of sectors, including financials, agriculture, infrastructure and hospitality, to name a few.

4G connectivity could drive a new era of productivity for African entrepreneurs

4G connectivity could drive a new era of productivity for African entrepreneurs

Sub-Saharan Africa’s telecoms infrastructure has improved in leaps and bounds over the past few years, thanks to new undersea cables, national fibre links and mobile data services.

Jumia is one of the leading e-commerce sites in Africa.

African Technology Startups Gaining Attention

The increasingly noticeable discussions of the tech boom taking shape across Africa were recently further bolstered by news about startup financings on the continent.

AIG is the company behind Africa's largest e-commerce company Jumia

Goldman Sachs & MTN to invest $245M in Nigerian e-commerce firm Africa Internet Group (AIG)

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.

UK investors eye Africa's burgeoning opportunities

Africa is one of the few bright spots on the global economic horizon, says billionaire investor George Soros

Investor and philanthropist George Soros has described Africa as ‘one of the few bright spots on the global economic horizon’, while consultants McKinsey say that the continent offers higher returns than any other developing region.

South Africa's Naspers invests $250M in India internet travel firm Ibibo

South Africa's Naspers invests $250M in India internet travel firm Ibibo

Naspers Ltd., Africa’s largest company by market value, invested a further $250 million in Indian Internet-travel group Ibibo to strengthen the firm’s market position in hotel bookings and add new technology.

South African digital insurance distributor Hepstar raises $2M from UK-based Amadeus Capital

South African digital insurance distributor Hepstar raises $2M from UK-based Amadeus Capital

Cape Town-based digital insurance distribution startup Hepstar announces $2 million funding round from UK-based global technology investor, Amadeus Capital Partners.

Mark Essien, Founder & CEO, Hotels.ng

Meet Mark Essien, Founder & CEO of Nigeria's Hotels.ng (Video)

Hotels.ng‘s CEO Mark Essien founded the Nigeria-based online hotel booking company in 2013, after completing Master’s and Bachelor’s degrees in Computer Science and Engineering in Germany.

Jumia is AIG’s main subsidiary and operates in 11 African markets.

AXA buys 8% stake In Africa Internet Group for €75M ($85M) valuing company at over $1B

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.

Mitchell Elegbe, Founder & CEO, Interswitch

Helios said to be working with Citigroup to sell Nigeria's Interswitch

Helios Investment Partners, an Africa-focused private equity firm, is preparing to sell Nigerian payments-processing group Interswitch Ltd. in a deal that could value the company at more than $1 billion, people with knowledge of the matter said.