The recent complete divestment by Baillie Gifford—one of the world’s most respected long-term institutional investors—from African e-commerce pioneer, Jumia, underscores serious concerns over the platform’s sustainability and credibility. Baillie Gifford, known for backing global disruptors like Tesla and Shopify, announced in its May 5, 2025 filing that it had sold […]
E-Commerce
MoneyMaster PSB (MMPSB), Nigeria’s leading payment service bank, has announced a 100% airtime bonus offer for its customers who are using Glo lines. The airtime bonus is designed to reward existing loyal customers and also to attract others to open a MoneyMaster account and enjoy similar benefits. This, according to […]
Jumia, Africa’s leading e-commerce platform, showcased its resilience and strategic progress despite a challenging economic environment. The company reported a 17% decline in revenue to $36.5 million but revealed a strong underlying performance with a 15% increase on a constant currency basis, reflecting the impact of currency devaluations in key […]