Country: Nigeria

WeeTracker

MTN Does A Rocket Internet By Selling Off Its 18.9% Stake In Jumia

Some six months after Rocket Internet divested its 11 percent stake in Jumia and exited the beleaguered e-commerce business, MTN Group appears to have followed suit. […]
October 30th, 2020
Techpoint Africa

MTN Group sells stake in Jumia, reportedly makes net proceeds of $142 million

South African telecommunications giant, MTN Group has, on Friday, October 30, 2020, announced the sale of its stake in Jumia, one of Africa’s largest eCommerce firms. […]
October 30th, 2020
WeeTracker

Ghana Is Outshining Nigeria As Top FDI Destination In West Africa

An unpopular fact might have been commonly overlooked would be that population size is sometimes only just a number, as it isn’t necessarily a determining factor […]
October 30th, 2020
Techpoint Africa

Nigerian HR startup, SeamlessHR, raises a seven-figure round to drive pan-African expansion

Nigerian HR startup, SeamlessHR, has raised a new round of funding in a bid to drive pan-African expansion. Founded in 2018 by Dr Emmanuel Okeleji, SeamlessHR […]
October 30th, 2020
Techpoint Africa

CcHub acquires Kenya’s eLimu to build the content creation arm of re:learn

Nigeria’s Co-creation Hub (CcHub) has announced its acquisition of Kenyan edtech startup, eLimu for an undisclosed amount. This is coming a year since it acquired Kenya’s […]
October 29th, 2020
Techpoint Africa

Airtel to exit Ghana operations as government prepares takeover

Indian telecom giants Bharti Airtel has announced that it plans to end its Ghana operations by selling all of its 100% stake in its Ghana division, […]
October 29th, 2020
Techpoint Africa

After raising $10k from an angel investor, Pickmeup wants to expand outside Nigeria

Abeokuta-based transport and logistics startup, Pickmeup, has raised $10,000 from an angel investor. This is according to the startup’s co-founder, Adewale Oretuga.  Along with Adeitan Abimbola, […]
October 29th, 2020
Techpoint Africa

OAU, CU produced the highest number of ‘millionaire’ West African startup founders in the last decade

On Monday, October 5, 2020, Techpoint Africa launched its West African Startup Decade Report. The report focuses on the funding activities of startups in the tech […]
October 29th, 2020
Techpoint Africa

Nigeria plans to let you access your network in areas where it has no coverage

Imagine going on a trip to your hometown during a festive season, but you can’t use your Glo SIM because only Airtel works there. Well, new […]
October 29th, 2020
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