Africa

Jumia Technologies (NYSE: JMIA) is an African e-commerce company that covers a population of 600 million people. A November presentation laid out the company’s turnaround efforts and plans for future growth that are summarized below. Jumia E-commerce: Jumia has 6.7 million annual active...

Leading African e-commerce company Jumia Technologies (NYSE: JMIA) reported third-quarter earnings Tuesday morning. Shares fell on a decline in revenue, but the move could be overdone as the company shifts its business to improve profitability. Earnings: The gross merchandise value fell 28% year-...

Shares of the African e-commerce company are up sharply Friday. About Jumia: Jumia Technologies (NYSE: JMIA) is an e-commerce company in Africa with operations in 11 countries in the continent. The company operates its Jumia Logistics and Jumia Pay businesses and also recently launched gaming...

Twitter Inc. (NASDAQ: TWTR) chief executive officer Jack Dorsey on Thursday defended his record at the helm of the social media company. Defends Twitter's Performance Speaking at an event organized by Morgan Stanley (NYSE: MS), Dorsey defended the performance of Twitter over the recent years....

Good day, A United Nations agency stands ready to undertake a massive humanitarian logistics effort to feed 4.1 million people in Zimbabwe amid a worsening hunger crisis but said it needs millions of dollars to pay for food. The World Food Program warned on Dec. 30 that continued droughts and an...

Twitter Inc (NYSE: TWTR) Chief Executive Officer Jack Dorsey said on Wednesday that he is considering moving to Africa sometime next year. Dorsey, who also heads the payments company Square was bidding goodbye to the continent after spending some time in Ethiopia meeting the country’s...

Financial Markets across several African countries have seen significant improvements in the year 2018-19, says research conducted by OMFIF (Official Monetary and Financial Institutions Forum) and pan-African financial group Absa. What Happened OMFIF measures the countries’ financial markets...

As ratification of the new U.S.-Mexico-Canada trade agreement (USMCA) moves forward slowly, a landmark free trade agreement has been signed several thousand miles away on the continent of Africa. While 52 African nations signed the African Continental Free Trade Area (AfCFTA), to date 24 have...

Zimbabwe annually spends more than $400 million on health care (based on 2019 budget figures). 25% of all health care spending comes out of pocket (OOP). With a conservative roll-out of a medical cannabis program, Zimbabwe could reduce health-care spends by $10 million by its fifth year. Based on...

Oppenheimer Equity Research disputed a short report on Pareteum Corp (NASDAQ: TEUM) that accused the company of touting contracts with dubious startups. Pareteum shares were soaring Monday after the short report caused it to drop last week. The stock lost nearly a quarter of its...

Residents in the African nations of Tanzania and Mozambique are preparing for potential destruction from Tropical Cyclone Kenneth. The ferocious storm is heading towards the eastern coast of Africa with torrential rain, in addition to winds of nearly 145 mph as of early this morning (Thursday,...

The self-proclaimed "Alibaba of Africa" -- or perhaps the Amazon of Africa -- is set to hit U.S. markets April 12. Here’s what you need to know about the first e-commerce platform operating in Africa to hit the NYSE. The Offering Jumia Technologies will issue 13.5 million shares on...

New Frontier Data, the authority in data analytics and business intelligence on the global cannabis industry, will hold Africa’s premier hemp and cannabis conference, The InterCannAlliance (ICA) Africa Symposium, to take place in May 2019 in Victoria Falls. This one-day invitation-only event...

Nearly a week after a deadly cyclone hit the southeast coast of Africa, it is still difficult for aid to reach survivors. Cyclone Idai slammed into Mozambique in the wee hours of March 15, when most people were likely asleep. It made a direct hit on Beira, a coastal city of around 500,000 people...