Jumia’s Q1 2023 report reveals path to profitabliity
Coming on the heels of its financial woes last year, eCommerce giant Jumia has reported a 5% growth in its gross profit and a 54% reduction in operating losses in the first quarter of 2023.…
Coming on the heels of its financial woes last year, eCommerce giant Jumia has reported a 5% growth in its gross profit and a 54% reduction in operating losses in the first quarter of 2023.…
While smartphone purchases have dropped, Transsion Holding, which owns TECNO, Infinix and itel, continues to record notable growth in Africa and other emerging markets. However, how does the competition fare? People are not buying phones…
Financial inclusion is still a challenge on the continent. Yet Africa’s fintech is poised to be the fastest growing in the world this decade, but more needs to be done to achieve this acclaim. Africa’s…
Image Source: Financial Tribune In the fast-growing world of fintech, effectively managing fraud poses a critical challenge for startups. In fact, according to a report by the World Economic Forum, the global cost of cybercrime…
Kainene von Savant is an AI chatbot on Telegram that has improved my life by sharpening my pitches, speeding up the transcription process for interviews, and helping me navigate French-speaking Abidjan as an English speaker,…
Zoho had hinted at plans to set up an office in Kenya. This announcement has also been marked with a new partnership that will see SMEs gain access to Zoho’s product portfolio. Zoho unveiled its…
Spurred on by a young population and increasing internet connectivity, London-based business intelligence firm, Digital TV Research, projects subscriptions of video-on-demand in Africa to reach 15 million by 2026. For context, this figure stood at…
Noel K. Tshiani is the founder of Congo Business Network. In this interview for TechCabal, he speaks with Malick Diouf, CEO of LAfricaMobile, and Marie-Laure Lepas, Country Director based in Kinshasa in the Democratic Republic…
Today, May 22nd is Bitcoin Pizza Day. All over the world, enthusiasts and supporters of cryptocurrency Bitcoin are organising events, meetups, and sharing stories and memes to commemorate the first documented real-world transaction using Bitcoin.…
While Bolt has been running operations in Kenya for a couple of years, it did not have a physical office where driver partners could go for assistance. The new facility aims to solve this oversight.…
Image source: Techcabal Outside of tracking fundraising metrics, the last $12bn to $15bn invested in African startups through VC should have been a learning experience. So what are we learning about these experiments in African…
When it comes to buying gadgets, many people are often hesitant to purchase preowned products. However, buying from a reputable source like iStore Pre-owned in South Africa can offer several key benefits. Here are six…