Tech

Jumia Kenya Moves to Marketplace Model
Big Business Tech

Jumia Kenya Moves to Marketplace Model

While celebrating its 3 years anniversary, Jumia Kenya has just announced that it is moving away from the eCommerce model to a marketplace. A statement released by Parinaz Firozi, Jumia’s CEO in Kenya, explained the move as an attempt for the company to pursue a better business model. “Having achieved […]

Foxconn Acquires Sharp for $3.5 Billion
Big Business Tech

Foxconn Acquires Sharp for $3.5 Billion

Foxconn, the company that manage and operates all Apple, Samsung, HP production lines, has acquired Sharp for $3.5 billion. Touted by TechCrunch as the the largest overseas acquisition of a Japanese company, Foxconn has finally sealed the deal. Sharp had previously rejected the bid from Netwok Corp, a Japanese company […]

Is the Future of Cinemas Endangered?
Big Business Tech

Is the Future of Cinemas Endangered?

Three weeks ago, the American cinema (perhaps the global theater) community woke up to a rude shock. Their daily butter and bread came under attack from a would-be disruption. Sean Park, another overtly ambitious tech entreprenuer, who founded Napster and worked at length with Mark Zukerberg on Facebook is on the prowl […]

Konga Now Delivers Same Day in Lagos
Big Business Tech

Konga Now Delivers Same Day in Lagos

*Rebrands K-Express to KOS ‘Keep on Shipping’ To ramp up its operations against competition, Konga, a leading eCommerce company in Nigeria, has decided to fulfill all orders from Lagos, South West Nigeria, on the same day. To make this possible, Konga has done two things. It has rebranded its delivery […]

Ringier and Silvertree Acquires DealDey
Big Business Tech

Ringier and Silvertree Acquires DealDey

For an undisclosed amount, Ringier and Silvertree are reported to have acquired DealDey, an online shopping and daily deals site. According to people with the knowledge of the matter, they will be using the opportunity to enter the eCommerce market. In 2011, DealDey was launched in Nigeria and perhaps mimicking the […]