Two entrepreneurs are set to unveil Nigeria’s first online lender in New York on Thursday. Marketed as a digital bank that will have no branches, Lidya will be based in Lagos, Nigeria’s commercial capital, and offer small and medium-sized businesses unsecured loans of between $500 and $15,000.
American eBay sellers will soon gain access to Africa’s biggest consumer markets. This comes via a new partnership between the U.S. e-commerce giant and online shopping startup MallforAfrica.com, set to go live July 2016.
According to the research, Nigeria is home to some of the keenest mobile shoppers on the African continent, and is also the third largest mobile commerce market in terms of the incidence of mobile shoppers amongst the countries that participated in the research.
Vice President and Area Business Head West Africa, Mastercard, Omokehinde Adebanjo has said that African countries share some of the world’s highest speeds of digital growth with people now constantly in pursuit of faster and more convenient ways of paying for goods and services.
Africa Internet Group is today connecting its companies into Jumia’s ecosystem with a new vision, "Expand your horizons". The new Jumia ecosystem will give access to products and services from its 8 leading platforms.
Standard Chartered Bank is bringing its newest mobile and online banking platform to 1 million clients across 8 African markets, the most extensive digital rollout of its kind in Africa by an international bank.
KairoswebTV, a premier online television, owned and managed by Cihan Group, has been launched in Nigeria to compete with the likes of U-Tube and DSTv, with a focus to motivate and inspire viewers to success.
Nigeria's online mall, Konga Online Shopping Limited, has announced the appointment of Mr. Shola Adekoya, as its new Chief Executive Officer.
Amidst the challenges of limited Internet connectivity and unreliable connections, a new Nielsen Global Connected Commerce Survey has found that Nigerians use of mobile devices to make online retail purchases is significantly higher than global purchasing rates across several categories.
Ringier Africa Deals Group, a newly-founded joint venture between Swiss Ringier Africa AG and South African Silvertree Internet Holdings (Pty) Ltd, today announces it has acquired one of Nigeria's biggest online shopping platforms, DealDey.