Author: Nasha Harper

Jumia’s lending program spreads across Africa

Jumia’s lending program spreads across Africa

Business, Technology
Jumia is set to increase the small business loan scheme it initiated earlier this year to boost more small businesses in Africa. The program will be expanded into every Country where the Company operates. Working with the San Francisco-based lender Branch, Jumia began offering start-up loan for small businesses in May. The loans were pegged to vendors sales history with Jumia and projections for the future performance of the businesses.                                                                               Photo Credits In Kenya, sellers received loans of up to 30,000 Kenyan shillings (roughly $290), with a six-month term on the loan to finance their businesses. Interest rates on the loans are 1.2% per month. The loans are made available in seconds on the Branch app and are di
DHL and MallforAfrica Partnership boosts E-commerce

DHL and MallforAfrica Partnership boosts E-commerce

Business, Technology
A new partnership between DHL and MallforAfrica will enable African traders to easily sell their products to US customers through an eBay platform powered by MallforAfrica This deal will help them(African traders) drop and pick up their wares at DHL Express points in the US. DHL Express currently handles inbound express delivery for MallforAfrica and has enabled its customers importing from the US to receive their packages seamlessly in Nigeria, Kenya, Rwanda and Ghana. This is a watershed partnership for African businesses as it allows them an avenue to trade on the global stage. According to Chris Folayan, CEO, MallforAfrica, “Both companies have a common goal of seeing African e-commerce businesses thrive on the global stage. We want to contribute to the future of e-commerce g
Pezesha to participate at the blackbox connect 20 programme

Pezesha to participate at the blackbox connect 20 programme

Business
Kenya's Pezesha has been selected to participate in the upcoming Blackbox Connect 20 accelerator programme in November this year at Silicon Valley. Blackbox connect 20 is a two-week residential programme for startup founders from across the globe. Blackbox is an entrepreneur-first approach that aims to make entrepreneurs the core engine for global economic growth, and that they need someone in their corner as they build the future. It helps talented young startup founders emerge as stronger leaders to help them redefine what’s possible for themselves, their company, their community, and the world. Driven by a strong commitment to equality of entrepreneurial opportunity, its not-for-profit work spans 60 countries. Blackbox believes a more equitable, prosperous future begins