TradeDepot, a B2B eCommerce startup, has announced its $110m Series B round. The funding, a mixture of debt and equity...
eCommerce
Techpoint Africa covers African eCommerce startups and their journey, headlining their struggles, successes and breakthroughs.
Nigerian eCommerce platform, MallforAfrica, has shut down operations, possible rebranding could be imminent
Africa-focused eCommerce platform, MallforAfrica seems to have suspended operations in Nigeria. From our latest...
Jiji reportedly acquires Cars45 for an undisclosed amount
Classifieds marketplace, Jiji, has today announced its acquisition of Cars45 for an undisclosed amount. This would see...
18 months into a new strategy, how close is Jumia to profitability?
Africa-focused eCommerce giant, Jumia, has announced its financial results for the first quarter of 2021. In keeping...
Jumia losses dropped by 34% in 2020, yet it witnessed slower growth
Jumia has announced its financial results for the final quarter of 2020 and for the entire year. It was a promising...
GIG Logistics wants to reduce delivery costs for merchants with new Class Plan
The Nigerian eCommerce space is fraught with systemic issues that will surely take deliberate government intervention....
How online grocery platforms are braving Nigeria’s recent food inflation
Globally, there have been several unexpected events in 2020 with many unfavourable outcomes. In Nigeria, the effect of...
Ivorian startup, Afrikrea, is building the online infrastructure for African culture commerce
Growing up in Mali, Moulaye Taboure was passionate about art and fashion. His studies took him to France, where he...
Inside the deep challenges of eCommerce and logistics in Nigeria
The failure of eCommerce companies and how unprofitable the sector is has been discussed at length. The death of...
Q2 2020: Jumia shares crash 40% as earnings reveal drop in losses and sales value
Jumia, Africas’s largest eCommerce player, has released its financial report for the second quarter of 2020. In what...
YDS is an Abuja-based eCommerce startup taking stores like Miniso online
While living in the UK, Surayyah Ahmad and Zaheed Mahmood noticed that many Nigerians spent a lot of money in high...
Flutterwave launches eCommerce platform for small businesses in Africa
Lagos and San Francisco-based fintech startup, Flutterwave has launched Flutterwave Store, an online portal that lets...
What you need to know as Jumia expands to South Africa
Seemingly leveraging the current demand for deliveries of essential services during the lockdown, Africa focused...
German investment firm, Rocket Internet, sells off stake in Jumia
German technology investment group, Rocket Internet, has sold off its remaining stake in Africa's largest eCommerce...
Fact check: Sealed Jumia warehouse reopened, deliveries still ongoing
The coronavirus induced lockdown in the commercial city of Lagos has brought a halt to several business activities. As...
More COVID-19 precautions taken as Kenyan manufacturers launch online shopping portal
In the wake of the coronavirus (COVID-19) pandemic, a lot of businesses have been negatively affected. While some have...
JumiaPay hits $135 million as losses continue to soar: Highlights from Jumia’s 2019 financial report
In recent times, less than stellar numbers have been posted by eCommerce platforms, and for companies like Jumia, it...
Despite numerous exits, the African classifieds market still has every prospect of success
Within the last decade, Africa has witnessed the entries and exits of players in the online classifieds space. In the...
Building the ‘SF Express of Africa’: GIG Logistics is the African eCommerce giant you don’t hear about enough
In spite of the many negatives surrounding the eCommerce industry in Africa, investors, analysts and other foreign...
Jumia becomes smaller as Jumia Travel is said to be taken over by Travelstart
Just a few weeks after closing its eCommerce businesses in Tanzania and Cameroon, and laying off staff in Kenya, Jumia...
How companies can shape the narrative for tech-enabled mobility in Africa
Team Chemotronix, 2 others win $2,500 cash prize at TABS Web3 Hackathon
SEC regulations: Nigeria Crypto exchange CEOs to retire after 10 years
Analysing 2 major allegations against Olugbenga Agboola
Investors on high alert as Y Combinator shows more interest in East and North Africa
Nigeria has a new data protection enforcing body; here’s why you should care
How no-code tools helped two UNILAG graduates build omni-channel messaging platform, Ozi
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