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Inside Francis Dufay’s Urgent Plans to Rescue Jumia, the Struggling Amazon of Africa
As chief executive, Dufay inherited a struggling business that is no longer growing, putting it at risk of running out of money in a little over a year.
- Categories
- Technology
- Region
- Global
- Tags
- e-commerce, startups
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TikTok’s E-Commerce Ambitions Stall as Global Backlash Grows
TikTok can advertise to more than 100 million users in Indonesia, but they now need to go on a different app or site to buy.
- Categories
- Technology
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Brazilian Payments Firm, EBANX, Expands into 8 New African Countries
Besides Africa, the fintech firm also revealed its plans for further expansion across Latin America and the Caribbean.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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IFC Leads $5 Million Extension Round in Ivorian SAAS E-Commerce Platform ANKA
ANKA said it will use the fresh investment to strengthen product development and expand services, particularly in its key markets: Nigeria, Kenya and the U.S.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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From $2M to $42 Million: Wasoko’s Success Story in Rwanda Sparks Democratic Republic of Congo Expansion
Wasoko, an African e-commerce company that uses smart technology to transform the informal retail supply chain, has today announced its expansion into the Democratic Republic of Congo (DRC).
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, MSMEs, startups, supply chains
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Key Announcements from Amazon Smbhav to Help Boost Indian MSMEs
These announcements take Amazon closer to fulfilling its pledges—digitise 10 million MSMEs, generate $20 billion in cumulative e-commerce exports and create 2 million jobs in India by 2025.
- Categories
- Technology
- Region
- Asia Pacific
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Report: New Lease of Life for Gig Economy in India
The gig economy is continuously evolving and has seen 93% growth since Jan 2023 in the white-collar space as of July 2023.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- e-commerce, employment, gig economy, scale
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Devolut Raises USD $600,000 in Pre-Seed Round to Optimize Returns in Latin American E-Commerce
The round had the participation of Seedstars International Ventures, FJ Labs, Far Out VC, Pareto 20, and Forum VC.
- Categories
- Finance, Technology
- Region
- Latin America
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