Tag: Cameroon

Jumia just suspended operations in Tanzania

Jumia just suspended operations in Tanzania

Business, Startups
Reporst indicate that Jumia has suspended operations in another African country, just a few days after word got out that the biggest e-commerce player in Africa, Jumia, had quit its core e-commerce business in Cameroon, the company seems to have continued in that path by abandoning yet another African market. According to a report, it appears Jumia has suspended operations in Tanzania — a market it entered five years ago — in what looks like a continuation of a scaleback on Jumia’s e-commerce operations across Africa. Per a statement supposedly seen by Techawk, Jumia has shut down its operations in Tanzania in order to focus resources on other markets. The statement reads: “Based on our review of the path to success, we have made a difficult decision to cease our operations in Tanza
So long, Cameroon! Africa retailer Jumia suspends e-commerce in troubled country

So long, Cameroon! Africa retailer Jumia suspends e-commerce in troubled country

Business, Internet, Mobile, Startups
Online retailer Jumia Technologies has said on Monday that is has suspended its e-commerce platform activities in Cameroon because they were “not suitable” for the African state. Its share price hit a record low of $4.96 after Reuters reported the suspension on Monday, said it would continue supporting buyers and vendors in Cameroon using its classified portal Jumia Deals. Dubbed “the Amazon of Africa”, the company founded in 2012 by two French former McKinsey consultants has grown quickly to become the continent’s leading e-commerce firm, operating in more than a dozen countries. Cameroon’s economy is one of the largest in central Africa, but growth has been hit by a two-year separatist uprising in its Anglophone North-west and South-west regions. “We came to the conclusion that ou
Funding scheme set to empower African women in ICT

Funding scheme set to empower African women in ICT

Internet, Mobile
[KIGALI]  A project which was launched last year in Africa is set to empower young women and girls in computer science and help them become global leaders in information and communication technology (ICT), experts say. The project, called ‘Seed Fund for Women + Girls in Computer Science’, is  aimed at extending technological entrepreneurship programmes and competition for young girls and women below 20 years old to set up technological enterprises, says Beth Garriott, a senior programme officer at Women Enhancing Technology (WeTech), the consortium managing the project. The programme’s second seed fund application was opened this week (10 August), according to the US-headquartered Institute of International Education (IIE), which leads WeTech. “WeTech [supports] a growing movement