Via TechSafari, an interesting look at Africa’s logistics sector: It was a brutal week for logistics startups. Gokada (a last-mile delivery company) laid off 54 employees this week, and is on the brink after acquisition talks with Kwik fell through. And Sendy – a Kenyan logistics contender that raised $26 million from Atlantica Ventures and Toyota […]
Read more »Via Rest of World, a look at Jumia’s plans to be the “Amazon of Africa”: Jumia has established dominance as the major e-commerce player in Africa, with over 3.1 million quarterly active users. However, its share price has continued to underperform, falling nearly 70% since its IPO. Experts question whether Africa is ready for the […]
Read more »Via AP News, a report on Nigeria’s Chinese-built and -funded $1.5 billion deep seaport in the commercial hub of Lagos which authorities hope will help grow the West African nation’s ailing economy: Nigerian President Muhammadu Buhari has marked the opening of a $1.5 billion, Chinese-funded deep seaport in the commercial hub of Lagos that authorities hope […]
Read more »Via Quartz, a report that the first phase of Lagos’ new elevated rail system has been commissioned and testing will now begin ahead of operations that will transport 250,000 passengers daily: The first phase of a light rail system that is set to transform commuting in Nigeria’s economic capital, has been commissioned. The Blue Line […]
Read more »Via The Financial Times, a report on how Mars – the world’s largest confectionery maker – is on track to double the value of sales in developing countries in five years: Mars has embarked on a drive to convince developing country consumers to eat more chocolate, claiming it is on track to double the value […]
Read more »Via Eurasia Review, commentary on North Africa’s potential to help address Europe’s energy challenges: Several major energy projects connecting northwest Africa to Europe are being made necessary by current geopolitical realities, making this route a vital energy corridor. The Nigeria-Morocco Gas Pipeline is a unique multi-country project, while Algeria’s Maghreb-Europe Gas Pipeline and several other […]
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