Nigeria’s Paga acquires Apposit, confirms Mexico and Ethiopia expansion

Nigeria’s Paga acquires Apposit, confirms Mexico and Ethiopia expansion

Nigerian digital payments startup Paga has acquired Apposit, a software development company based in Ethiopia, for an undisclosed amount. That’s just part of Paga’s news. The Lagos based startup will also launch its payment products in Mexico this year and in Ethiopia...
Pan-African e-tailer Jumia grows 3Q revenue, e-payments and losses

Pan-African e-tailer Jumia grows 3Q revenue, e-payments and losses

Pan-African e-commerce startup Jumia released its third-quarter financial results today. The numbers and presentation reflected some of the same past trends, with a dash of new, and nary a mention of a declining share price. The results Jumia — with online goods and...
Africa’s top mobile phone seller Transsion lists in Chinese IPO

Africa’s top mobile phone seller Transsion lists in Chinese IPO

Chinese mobile-phone and device maker Transsion has listed in an IPO on Shanghai’s STAR Market, a Transsion spokesperson confirmed to TechCrunch.  Headquartered in Shenzhen, Transsion is a top-seller of smartphones in Africa under its Tecno brand. The company has also...

China’s Transsion and Kenya’s Wapi Capital partner on Africa fund

Chinese mobile-phone and device maker Transsion is teaming up with Kenya’s Wapi Capital to source and fund early-stage African fintech startups. Headquartered in Shenzhen, Transsion is a top-seller of smartphones in Africa that recently confirmed its imminent IPO....