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Jumia’s IPO Raises $196 Million

BUSINESS TECHNOLOGY April 13, 2019 0 Comments

According to multiple sources, Jumia Technologies, the largest e-commerce and retail platform in Africa, has raised $196 million in its Initial Public Offering (IPO). In a statement that was released on April 12, the company will now be focusing on expanding its customer base and service tiers. Dubbed Africa’s Amazon, Jumia sold 13.5 million American Depositary Shares, representing a total…

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Disney+ Might Not Have Launched, but It’s Bad News for Netflix Already

BUSINESS ENTERTAINMENT April 12, 2019 0 Comments

The market for streaming services is already a crowded one, but things are set to be even more competitive. Earlier this week, media giant The Walt Disney Company officially announced Disney+, its very own streaming service. And while it’s still a few months away from being launched, its effects are already being felt across its industry. After being in the…

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