Jumia suffers major setback, shuts Cameroon operations, records losses
Africa e-Commerce company, Jumia, has closed down operations of its Cameroon subsidiary, Jumia Cameroon. This is coming less than a week after Jumia released its Q3 financial report in…
OPEC’s share of Indian oil imports in October hits lowest since 2011
OPEC’S share of India’s oil imports fell to 73% in October, its lowest monthly share since at least 2011, tanker data from sources showed, as refiners shipped in fuel from…
How Pentagon contract returned Bill Gates as world richest man
This time it’s official. Microsoft Corp. co-founder Bill Gates overtook Amazon.com Inc.’s Jeff Bezos as the world’s richest person on Friday, reclaiming the top ranking for the first time in more than…
Oil prices edge up on trade-talk optimism, OPEC meeting
Oil prices inched higher on Monday, extending steady gains from the previous week, with investors awaiting fresh clues over prospects for a trade deal between the United States and China…
Vandals cut Nigeria crude export, revenue: Aiteo cries out
Sustained economic sabotage by vandals on Nigeria’s oil-exporting Nembe Creek Trunk Line (NCTL) has led to significant losses in production, operator Aiteo said on Sunday. Nigeria, Africa’s biggest crude oil…
Konga to break e-Commerce biggest day sales record soon – Chris Uwaje
Africa Chair for IEEE-World Forum on Internet of Things (IoTs), Dr. Chris Uwaje has boldly declared that foremost e-Commerce giant, Konga will beat the record for the biggest single day…
$1m awarded to 10 African entrepreneurs by Jack Ma Foundation Africa Netpreneur Prize Initiative
Jack Ma Foundation has hosted its first annual Africa Netpreneur Prize Initiative (ANPI) grand finale awarding $1 million in prize money to 10 entrepreneurs from across Africa. The…
Global debt to top record $255 trillion by year’s end
Global debt is on course to end 2019 at a record high of more than $255 trillion, the Institute of International Finance estimated on Friday — nearly $32,500 for each…
Border closure: Benin, Niger appeal for the immediate re-opening of Nigeria’s borders, agree to help tackle smuggling
Nigeria and neighbouring countries Benin and Niger have agreed to set up a joint border patrol force to tackle smuggling between the West African countries, they said in a communique…
Road freight in Sub-Saharan Africa goes digital with DHL’s Saloodo!
First international digital road freight platform to be launched in the continent; Provides shippers and carriers a one-stop platform for road freight connections for domestic shipments within South Africa…