Sunday, May 10, 2026
Jumia’s road to profitability steady as gross profit rises 22% to €92.8m in FY20
By Charles Abuede Gross profit increased by 12% y/y Adjusted EBITDA loss decreased by 47% y/y Nigeria and Africa’s...
Read moreDetailsSpotify offers Nigerians wide access to digital contents, launches N900 monthly premium
By Arakunle Kayode World’s most popular freemium audio streaming platform, Spotify, has launched its streaming service in Nigeria and...
Read moreDetailsSpotify targets one billion listeners across 80 new global markets
By Onome Amuge Swedish audio streaming and media services provider, Spotify Technology is targeting 80 new markets across the...
Read moreDetailsNigeria, Egypt, Kenya, South Africa lead Africa’s home-tech market, with adoption of smart devices to boost growth
There are over 55 companies continent-wide Global smart home market to hit $622.59bn by 2026 at CAGR of 29.3%...
Read moreDetailsJapan steps up Africa tech-funding as Tokyo VC stakes $15m on startups
Kepple Africa Ventures, another Japanese firm invested in 36 African startups in 2020 Africa startups move out of continent...
Read moreDetailsInterswitch pushes novel Quickteller Business for SME growth across Africa
By Zainab Iwayemi In a bid to empower small and medium businesses, facilitate payments, and manage transactions from anywhere...
Read moreDetails$42bn lost globally to financial fraud as banks in Nigeria lost N5bn in 9-months in 2020 – NIBSS
By Charles Abuede Fraud attempts via mobile channels, PoS increased by 330%, 215% y/y between 2019 and 2020 ...
Read moreDetailsFacebook sees user base expansion up to 2.8bn in 2020, revenue reaches 20% y/y
By Zainab Iwayemi Facebook, the world’s largest social networking platform has witnessed a significant increase in the number of...
Read moreDetailsMDXi, MainOne’s subsidiary, leads way in energy efficiency, environmental sustainability
As Africa accounts least GHG emissions, but continent loses $15bn yearly to climate change UNFCC: Africa most vulnerable to...
Read moreDetailsiROKOtv to file for IPO on London Stock Exchange, targets $100m valuation
By Charles Abuede Nigeria’s video-on-demand streaming platform going public could raise $20m-to$30m in IPO Nigerian-based online streaming media...
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