Total 128 Posts

Fake accounts targeted African elections

An Israeli company, Archimedes Group, ran fake accounts on Facebook and Instagram to try and influence elections in some African countries.

MTN to list on Nigerian Stock Exchange

MTN Nigeria is set to finally make its debut on the Nigerian Stock Exchange on 16 May 2019.

Class action lawsuit filed against JUMIA

At least 4 class action lawsuits have been filed in New York against JUMIA Technologies for allegedly misleading American investors.

Microsoft's Africa Development Centres

Microsoft will spend $100 million and hire 500 full time engineers for its newly announced Africa Development Centres in Lagos and Nairobi.

High order returns are normal - JUMIA

JUMIA reported impressive numbers and states that 41% order returns are just a normal feature of an e-commerce business.

Binance hacked, 7,000 Bitcoin stolen

Hackers have stolen 7,000 Bitcoins (approximately $40 million) from Binance, one of the world's largest cryptocurrency exchanges.

JUMIA shares down 20%, labeled a fraud

Citron Research has published a report showing that JUMIA overstated its customer numbers and other material discrepancies when filing with the SEC.