eCommerce

EXCLUSIVE

Naspers reports $14 million trading loss for Takealot, first-time profit for its food delivery business

EXCLUSIVE

Wasoko and MaxAB merger deal stalls due to ongoing restructuring, macroeconomic challenges

Belal El-Megharbel, CEO MaxAB and Daniel Yu, CEO Wasoko

EXCLUSIVE

Jumia to expand in Nigeria, consolidate warehouses into one depot to cut cost

Jumia delivery

EXCLUSIVE

Alerzo cuts its headcount in another round of layoffs

Alerzo

EXCLUSIVE

Jumia’s orders increased in Nigeria and Ghana, cut losses by 71% in Q1 2024

Jumia delivery

EXCLUSIVE

Amazon finally launches in South Africa with free delivery on customers’ first order

Amazon

EXCLUSIVE

Wasoko reportedly dispels Rwanda’s exit, focuses on expansion

Retailers who use Wasoko

EXCLUSIVE

Self-checkout startup, Jump n Pass, partners Justrite to activate queue-jumping service across all its stores in Nigeria

A customer scans products with their smartphone at Justrite, using Jump n Pass

EXCLUSIVE

Orders on Jumia dropped by 22% in 2023 as inflation erodes customer purchasing power

Jumia delivery

EXCLUSIVE

Naspers boosts Takealot’s investment to compete with Amazon

Takealot

EXCLUSIVE

MaxAB and Wasoko in merger talks to serve 65 million consumers in 8 African markets

Belal El-Megharbel, CEO MaxAB and Daniel Yu, CEO Wasoko

EXCLUSIVE

Jumia Food to shutdown in Nigeria from December 2023

Jumia Food

EXCLUSIVE

South African eCommerce startup, TUNL, secures $1 million pre-seed funding to grow its export platform

TUNL's team

EXCLUSIVE

Alerzo lays off 100 workers, reportedly due to warehouse automation

Alerzo founder, Adewale Opaleye

EXCLUSIVE

Eden Life launches an eCommerce platform to become profitable in a year

Eden Life's team

EXCLUSIVE

Amazon plans to open its South African marketplace after a protracted delay

Amazon

EXCLUSIVE

Jumia Kenya’s employee stole $150,000 by manipulating vendor payment records

Jumia

EXCLUSIVE

Glovo Nigeria’s country manager expects the demand for on-demand delivery to continue despite increased operating costs 

A Glovo rider

EXCLUSIVE

Jumia Kenya opens an integrated warehouse and logistics network facility to transform its Express operations

Jumia delivery

EXCLUSIVE

Amazon’s Africa expansion confirmed, as South African and Nigerian domains become available 

Amazon office




















Naspers reports $14 million trading loss for Takealot, first-time profit for its food delivery business

South African-born Naspers has reported a trading loss of R252 million ($14 million) for its subsidiary, Takealot Group. Mr D, its food delivery and logistics company, achieved profitability for the first time.

Follow the story

Wasoko and MaxAB merger deal stalls due to ongoing restructuring, macroeconomic challenges

Wasoko and MaxAB’s planned “merger of equals” is still pending completion seven months after its announcement. This delay is attributed to extended due diligence, ongoing restructuring, and macroeconomic challenges.

Follow the story

Jumia to expand in Nigeria, consolidate warehouses into one depot to cut cost

Jumia has revealed plans to combine its three Nigerian warehouses into a single 30,000-square-metre depot in Lagos. Also, the company is looking to expand into more cities in the country.

Follow the story

Alerzo cuts its headcount in another round of layoffs

Alerzo, a Nigerian eCommerce startup, reportedly announced another round of layoffs in February 2024, the third in 13 months, affecting approximately 600 employees.

Follow the story

Jumia’s orders increased in Nigeria and Ghana, cut losses by 71% in Q1 2024

Jumia’s revenue increased by $48.9 million in Q1 2024, and its gross profit was $31.2 million. It also reported an operating loss of $8.3 million, down 71% from 28.4 million in Q1 2023.

Follow the story

Amazon finally launches in South Africa with free delivery on customers’ first order

After several postponements, Amazon has finally launched its online marketplace in South Africa, with customers receiving free delivery on their first order.

Follow the story

Wasoko reportedly dispels Rwanda’s exit, focuses on expansion

Weeks after closing its operation in Zanzibar and pausing business in Uganda and Zambia, Wasoko, a Kenya eCommerce platform, reportedly denies exiting Rwanda and discloses that it’s hiring to fill up positions across its Kenyan, Rwandan, and Tanzania markets.

Follow the story

Self-checkout startup, Jump n Pass, partners Justrite to activate queue-jumping service across all its stores in Nigeria

Techstars-backed Jump n Pass has signed a deal with Justrite Superstore to activate its mobile self-checkout services at all Justrite outlets in Nigeria. The startup enables customers skip queues by scanning items with a smartphone and paying online.

Follow the story

Orders on Jumia dropped by 22% in 2023 as inflation erodes customer purchasing power

Orders on Jumia dropped by 22% in 2023. The eCommerce company blamed Inflation and currency depreciation, which continue to reduce customer purchasing power. It will now focus on reducing advertising spend and building small and agile teams.

Follow the story

Naspers boosts Takealot’s investment to compete with Amazon

Naspers, Africa’s largest company by market value, is increasing its investment in Takealot, a South African online retail platform as Amazon plans to enter the country.

Follow the story

MaxAB and Wasoko in merger talks to serve 65 million consumers in 8 African markets

eCommerce startups — MaxAB and Wasoko — have signed preliminary merger terms to serve over 65 million consumers in eight African countries.

Follow the story

Jumia Food to shutdown in Nigeria from December 2023

Jumia Food to cease operations in Nigeria and six other African countries by Dec 2023, amid profitability challenges. This follows Bolt Food’s exit and contrasts with Chowdeck’s Glovo’s recent expansions

Follow the story

South African eCommerce startup, TUNL, secures $1 million pre-seed funding to grow its export platform

TUNL, a South African eCommerce startup, has raised $1 million in pre-seed funding to break into emerging markets. Several investors participated in the round, including Founders Factory Africa, Digital Africa Ventures, E4E Africa, and Jozi Angels.

Follow the story

Alerzo lays off 100 workers, reportedly due to warehouse automation

About 100 employees at Alerzo have lost their jobs to warehouse automation. The company said it has invested in an end-to-end warehouse management system that has improved process automation.

Follow the story

Eden Life launches an eCommerce platform to become profitable in a year

After announcing it could become profitable within 12 months, Eden Life has launched Eden Marketplace, an eCommerce platform, to compete with Jumia and Konga in Nigeria.

Follow the story

Amazon plans to open its South African marketplace after a protracted delay

After postponing its launch until the end of the year, 2023, Amazon has revealed plans to open its marketplace in South Africa in 2024.

Follow the story

Jumia Kenya’s employee stole $150,000 by manipulating vendor payment records

eCommerce company, Jumia Kenya, has lost KSh 21.2 million ($150,000) to fraud. The company said one of its employees stole the funds by manipulating vendor payment records.

Follow the story

Glovo Nigeria’s country manager expects the demand for on-demand delivery to continue despite increased operating costs 

Higher fuel prices have caused some delivery companies to raise prices, but Glovo Nigeria’s country manager expects a continued increase in on-demand delivery.

Follow the story

Jumia Kenya opens an integrated warehouse and logistics network facility to transform its Express operations

The warehouse and logistics network facility will transform Jumia’s logistics operations by increasing storage capacity for warehouse expansion and providing converged services.

Follow the story

Amazon’s Africa expansion confirmed, as South African and Nigerian domains become available 

Amazon’s expansion project into Africa, dubbed Project Fela, has been confirmed as the eCommerce giant now has Amazon.com.ng and Amazon.co.za domain names in its customer support menu.

Follow the story