Business

Jumia celebrates Anniversary of eCommerce revolution in Uganda

In commemoration of its anniversary to mark major milestones achieved over the period of its operations in Uganda, Jumia is holding a mega birthday sale that will see customers get up to 77% discount on all products. Just like the eCommerce giant's mobile week discount squeeze, its anniversary will have a massive slash on selected products not limited to a specific brand corner.

MTN slashes its On-Net Mobile Money sending rates

Remember the Momo Nyabo Campaign? Well, MTN is not rewarding subscribers with cars and instant cash this time around, but has new Mobile money sending fees for all registered customers through its revamped Momo Nyabo promotion. The new promo allows every subscriber to send money at half the original charge for an effective touch of convenience.

New opportunities and growing demand driving investment in African TMT investment but there are challenges

The state of investment in the TMT sector in Africa was under discussion at Baker McKenzie’s African Transactional Summit, held in Johannesburg this week. Janet MacKenzie, a partner in the Corporate/M&A Practice and Head of the TMT Industry Group at Baker McKenzie in Johannesburg said that Africa was considered to be a region of significant investment potential in the tech space.

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