Deals articles


Former Jumia Co-founder, Raphael Afaedor Announces His New Venture

Former Jumia Co-founder, Raphael Afaedor Announces His New Venture

Raphael Afaedor, the former co-CEO of JUMIA Nigeria who officially left the Rocket Internet-backed e-commerce company in January 2014, is finally breaking his silence today with the announcement of a new venture.


iROKOtv Raises Additional $8 Million In “Series D” Funding From Kinnevik and Rise Capital

Just about a year since it raised $10 million in Series B and Series C funding from US-based Tiger Global and Sweden-based Kinnevik, iROKOtv, the world’s largest distributor of African movie content online has secured an additional round of $8 million.


MTN Now Owns 33% of Africa’s Largest, Fastest-Growing and Most Successful Internet Group

Africa’s leading telecommunications operator, MTN now owns one-third of the Africa Internet Holding, arguably the largest, fastest and most successful Internet group in Africa — for an undisclosed amount — after signing an agreement with Millicom and Rocket Internet, both initial joint venture partners.


New E-Commerce Site Lets You Order Auto Parts, Electrical Accessories And Building Materials in Nigeria

While there’s been a flurry of niche-focused online shopping services as well as general merchandise-styled e-commerce sites to cater to the needs of every Internet user, none of them have allowed users to buy auto parts, electrical accessories and building materials.


Africa’s Largest Online Classifieds Group Receives $20 Million In Funding From Australia’s Largest Jobs Site, SEEK

When two of Africa’s leading players in the classified ads space teamed up last year to build what has now become the largest online classifieds entity in the continent, it was only time before it got attention from global investors and international media. Today, SEEK, the largest jobs site in Australia announced that it has


South Africa’s Silvertree Capital Invests Into Two Nigerian E-Commerce Companies

Silvertree Capital, a South African-based company builder and venture capital investor focused on the African market has announced it has made an undisclosed investment into two of Nigeria’s leading e-commerce sites, and


Startup Stock Exchange Opens On June 10 To Help African Startups Sell Shares To Investors

Startups looking to raise money from global investors by selling ownership shares in their companies can now do so through the Startup Stock Exchange, a regulated global public marketplace for startup investing pre-launched last July. The world’s first online stock exchange for startup investing and funding will open its marketplace on June 10, 2013 allowing