30 results
- 16 Jul 2013
Rocket Internet is $Bn Company, World’s Largest Internet Incubator
Rocket Internet has announced that it has raised a total of $500 million from partners Investment AB Kinnevik and Access Industries since May 2012, representing the largest investment ever made in an…
- 16 Dec 2013
MTN Forms e-Commerce Venture with Millicom, Rocket Internet
Millicom, the international telecommunications and media company and Rocket Internet have signed an agreement to partner with MTN to develop their African online company AIH. Together the three…
- 3 Mar 2015
Rocket Internet Launches Everjob for Career Listings
Rocket Internet, a Berlin based company in broadening its already wide portfolio of companies has launched Everjobs, a career-listings platform. Everjobs, which is already live in Sri Lanka will…
- 30 Jun 2016
Falling Sales, Naira Devaluation Hobble Rocket Internet’s Growth
When German e-commerce investor Rocket Internet launched Jumia in 2012 as a would-be African Amazon, it was optimistic that a rapidly expanding middle class would quickly shift from street markets to…
- 17 Nov 2014
Rocket Internet to Launch 10 Start-ups in 2015
Rocket Internet, the global e-commerce investor, expects to launch at least another 10 start-ups in 2015 and said it would work more closely with Facebook (FB.O) on advertising. Rocket Internet,…
- 28 Apr 2016
Valuation Worries Weigh on Rocket Internet
Shares in ecommerce investor Rocket Internet took another tumble on Thursday as concerns grew over the value of its portfolio and after a downgrade by the bank that worked on the company's 2014 stock…
- 1 May 2015
Rocket Internet Cuts Stakes in Two Lending Sites
Rocket Internet, a tech investor focused on emerging market ventures, has reduced its stakes in two of its Europe-focused financial services start-ups after facing setbacks there, Germany's Spiegel…
- 29 May 2018
Rocket Internet Targets $2.6 billion Cash at Fintech & AI
Rocket Internet, owners of Jumia said yesterday it is looking at investing in areas such as financial technology and artificial intelligence with the 2.6 billion euro ($3 billion) it has amassed. “We…
- 13 Feb 2015
Rocket Internet Hikes Capital after Investment Spree
Ecommerce investor Rocket Internet, which held its initial public offering just four months ago, completed a quick-turnaround capital increase on Friday to help fund its global investment spree,…
- 22 Sept 2016
Rocket Internet Trims Losses, Increases Debt Buyback
e-commerce investor Rocket Internet reported progress on Thursday in cutting losses at its main start-ups with three set to generate profits by the end of 2017, while its shares were lifted by a plan…
- 23 Jun 2015
Rocket Internet Gets Shareholders' Approval to Raise $5Bn
e-commerce investor Rocket Internet won shareholder approval on Tuesday to raise as much as 4.5 billion euros ($5 billion) in the next five years to invest in new ventures and increase stakes in its…
- 15 Apr 2016
Rocket Internet to Limit Losses after 2015 Cash Burn
ecommerce firm and owners of Jumia Rocket Internet said it was on track to make three of its start-ups profitable by the end of 2017, and its losses should have peaked last year when its companies…
- 20 Mar 2018
After Konga, Owners Mull Sale of Jumia
There are plans to sell Africa’s leading e-commerce firm, Jumia, owned by Rocket Internet, a German start-up investor. The move is coming as Zinox Group, an integrated Information…
- 1 Nov 2013
Jumia Nigeria Hit by Allegations of Labour Abuses
Aggrieved ex-staff of Jumia Nigeria, Rocket Internet’s e-commerce venture have cried out against alleged unrestrained reign of terror by the management of the company on Nigerian staff. The…
- 31 Aug 2010
Multi-Links Telkom Slashes Cost of Internet Access
Multi-Links Telkom, foremost private service provider, has announced a slash in the cost of acquisition of its Internet devices branded as Rocket Mobile Broadband even as it has also restructured the…
- 17 Jun 2014
Mobile Internet Drives Online Marketing in Nigeria- Spalazzi
Massimiliano Spalazzi is the managing director of Kaymu Nigeria. Prior to joining Kaymu, Spalazzi was an Entrepreneur in Residence at Zanui.com.au, a Rocket Internet based in Australia and co-founded…
- 26 Mar 2015
Easy Taxi Rolls Out Cashless Payment Module on Its App
Easy Taxi, is working towards seamless payment system on its app with Easy Taxi Pay (ET Pay), a new in-app that allows users pay via debit/credit cards. Rocket Internet, that ET Pay lets users import…
- 3 May 2017
Jumia Travel Records Double Digit Growth Monthly – MD
Kushal Dutta, managing director of Jumia Travel, has disclosed that the foremost online travel agency records double digit growth on a monthly basis. Explaining the company’s achievement, Dutta adds…
- 28 Oct 2015
Female Tech MDs Inspire Techpreneurs at AIG/Idea Hub Fireside Chat
At the recent Idea Hub Fireside Chat, startup founders converged to meet with the Managing Directors of the Rocket funded Africa Internet Group to share knowledge, case studies, exchange notes and…
- 26 Aug 2015
TopCheck Raises 1m Euros for Nigerian Operations
Start up TopCheck (topcheck.com.ng) has raised one million Euros from well-known European investors to expand her foot print in Nigeria. Founded by an international team of entrepreneurs, TopCheck…
- 10 Feb 2016
AIG, AXA Ink Deal on Insurance Products & Services to African Customers
Africa Internet Group (“AIG”), a leading e-commerce group in Africa, and AXA, a worldwide leader in insurance and asset management, today announced a partnership whereby AXA will become the exclusive…
- 8 Feb 2016
Jumia, AXA Partner to Provide Insurance Products to African
Africa Internet Group (“AIG”), a leading e-commerce group in Africa, and AXA, a worldwide leader in insurance and asset management, has announced a partnership whereby AXA will become the exclusive…
- 22 Jan 2019
Building Confidence in Nigeria’s Tough E-Commerce Market
By Sammy Lee Despite the positive projections and huge potential locked in Nigeria’s emerging e-commerce landscape, the sector is proving more than a tough nut to crack for the majority of players in…
- 3 Mar 2016
Africa Internet Group Secures €300M from Goldman Sachs, Others
Africa Internet Group (AIG), the parent of Jumia, the leading ecommerce platform in Africa, has secured more than Euro 300 million in funding from new and existing investors, including the previously…
- 24 Jul 2013
Easy Taxi Starts Global Rollout with Nigeria
Easy Taxi, one of the world’s largest mobile Taxi apps has announced its global expansion in Asia, Africa and the Middle East. After receiving an additional funding of $10 million from Rocket…
- 6 Apr 2016
Orange Doles Out £7m, Invests in African e-commerce Giant 'AIG'
Orange has announced the acquisition of a 75 million-euro equity interest in Africa Internet Group, joining AXA, Goldman Sachs and longstanding investors MTN Group, Millicom and Rocket…
- 6 Nov 2023
Starlink’s Expansion to Propel SpaceX Revenue to $15Bn by 2024
SpaceX is poised to report $9 billion in revenue for this year and is projected to hit $15 billion in sales in 2024, according to undisclosed sources. The figures offer a rare glimpse into the…
- 15 Jul 2013
JUMIA Gathers Industry Heavyweights to Discuss e-Commerce in Nigeria
Mrs. Omobola Johnson, minister for Communications Technology has addressed the possibilities that lay in the new technological developments and said that eCommerce and ICT are the engine of growth.…
- 26 Nov 2014
JUMIA Secures EUR 120m in Funding
Jumia announced a new round of investments amounting to EUR 120 million. These investments, which were made by existing shareholders, strengthen the company's position as the leading online retailer…
- 5 Mar 2014
Nigeria Becomes Cash Cow for MTN Group
MTN Group, Africa's largest telecoms provider, reported a 27 percent rise in full-year earnings on Wednesday, but also revealed a dip in revenues in its home market South Africa due partly to fierce…