Tag: Andrew Left
Africa e-tailer Jumia reports first full-year results post NYSE IPO
Pan-African e-commerce company Jumia got into the black (by a small amount) on its gross profit vs. fulfillment expenses, expanded financial services and still posted losses. The online sales company, with an operations center in China, also anticipates some negative impact on 2020 growth from the coronavirus outbreak, CEO Sacha…
Read MoreOpera and the firm short-selling its stock (alleging Africa fintech abuses) weigh in
Internet services company Opera has come under a short-sell assault based on allegations of predatory lending practices by its fintech products in Africa. Hindenburg Research issued a report claiming (among other things) that Opera’s finance products in Nigeria and Kenya have run afoul of prudent consumer practices and Google Play…
Read MoreRecent Posts
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- How Crestron AV-over-IP solution is helping this eSports and hotel business thrive
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