Africa

Akanda Corp (NASDAQ: AKAN) an international medical cannabis company, announced the pricing of its initial public offering of 4 million common shares at $4.00 per share to the public for a total of $16 million in gross proceeds to the Company, prior to deducting...

A company that moderates content for Facebook, owned by Meta Platforms Inc (NASDAQ: FB), stands accused by employees of “mental torture” and underpayment. What Happened: Sama, which moderates content for the Mark Zuckerberg-led social media platform Facebook, is facing employee...

Jumia Technologies AG - ADR (NYSE: JMIA) shares are trading significantly higher Tuesday after the company announced the highlights of its 2021 Black Friday campaign. The company said gross merchandise value reached $150 million, representing an increase of 30% year-over-year. Orders totaled 4...

Square Inc (NASDAQ: SQ) and Twitter Inc (NASDAQ: SQ) CEO Jack Dorsey provided an update on the $28.3 million endowment trust he is setting up with the rapper Jay-Z. What Happened: Dorsey said on Twitter early Tuesday that over 7,000 applications were reviewed for the blind irrevocable trust focused...

Netflix Inc (NASDAQ: NFLX) said Monday it is launching a free mobile plan with limited TV shows and movies in Kenya as it looks to score new subscribers in the key African country. What Happened: The streaming giant said the free plan is available on Android mobile phones and will not have ads...

IOTA Foundation, the firm developing blockchain-inspired cryptocurrency network IOTA (CRYPTO: MIOTA), partnered with Trademark East Africa to power its paperless trade system. What Happened: According to an announcement shared with Benzinga on Tuesday, Trademark East Africa hopes...

Ameer and Raees Cajee, founders of South African crypto exchange Africrypt, have reportedly disappeared with 69,000 Bitcoin (CRYPTO: BTC) $3.6 billion worth of client funds. In doing so, twenty-year-old Ameer Cajee and his seventeen-year-old brother Raees Cajee may have pulled off the biggest...

Shares of Jumia Technologies (NYSE: JMIA) went on quite the ride Tuesday after reporting first-quarter financial results. Investors saw the company report a drop in revenue and shares immediately sold off. Shares traded down to $17.90 before climbing up throughout the day and ended in the...

Twitter Inc (NYSE: TWTR) and Square Inc (NYSE: SQ) CEO Jack Dorsey announced a 500 bitcoins (BTC) or $23.56 million worth of endowment to a trust that will fund the development of the apex cryptocurrency in Africa and India. What Happened: The fund will be set up as a blind irrevocable...

Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. We surveyed a group of over 500 investors on whether shares of Jumia Technologies AG - ADR (NASDAQ: JMIA) will reach...

Universal Music Group Inc is planning to expand its foothold in the African continent, Bloomberg reports. French media company Vivendi SE (OTC: VIVHY) is a majority shareholder in Universal music. Chinese tech company Tencent Holdings ADR (OTC: TCEHY) ...

Jumia Technologies AG (NYSE: JMIA) is the largest e-commerce company in Africa and should ultimately be valued at more than just $3.5 billion, tech venture capitalist Gene Munster said Wednesday on Benzinga's PreMarket Prep show.  About Jumia: Jumia's stock was trading as low as $2.15...

Netflix Inc (NASDAQ: NFLX) is aiming to boost its presence in Africa with the appointment of Zimbabwean billionaire Strive Masiyiwa to its board. What Happened: Masiyiwa has become the first African to join Netflix’s board. The company also has two European directors. The newly-appointed...

Benzinga recently chatted with Stephen Weiss, the managing partner of Short Hills Capital Partners and frequent CNBC guest on “Halftime Report," to get his take on Jumia Technologies (NYSE: JMIA). Comparisons To Amazon: Weiss weighed in on Jumia being called the Amazon.com (...