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Jumia shares drop 3.9% to $10.14 despite strong Q3 2025 results showing 25% revenue growth and narrowing operating losses.
Jumia cuts staff to 2,000 as it adopts AI to boost efficiency and profitability. The e-commerce leader eyes breakeven by 2026.
BasiGo expands its Nairobi EV network with three new charging depots and a service centre, reinforcing Kenya’s clean transport infrastructure.
Three-month-old Nigerian edtech startup Breni is seeking pre-seed funding. The learning app has grown without marketing spend.
Roam is opening its $20M pre-Series B round to everyday investors via Crowdcube. The campaign lets supporters buy stakes and join Roam.
Hafrikplay is giving African artists fair pay, control, and visibility long before fame, reshaping music streaming across the continent.
Lagride launches the Omni, a low-cost, air-conditioned shared-ride service to replace Lagos’ Korope transport system.
“Detty December is coming—an opportunity to trend food content because tourists will surely need to know where and what to eat.” Read more.
7 in 10 Nigerian ride-hailing users are women aged 25–34, a new Bolt study shows, highlighting safety as the key driver of mobility choices.
Djibouti partners with TLG Capital and International Investment Bank to secure $10M private credit for expanding digital infrastructure.
AXIAN Telecom acquires Kenya’s Zuku operator, Wananchi Group, for $63M, expanding across East Africa after a $100M EIB funding boost.
Cell C has revealed plans to list on the Johannesburg Stock Exchange (JSE) under the ticker CCD, marking a major milestone in its turnaround strategy.
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