Baillie Gifford Exits Jumia, Selling Entire Stake After Six Years

Baillie Gifford Exits Jumia, Selling Entire Stake After Six Years

Jumia Technologies AG has officially lost its largest institutional investor, Baillie Gifford, which has sold 100% of its shares, marking the end of a six-year investment in the African e-commerce platform. This follows previous exits by major backers like Rocket Internet and MTN Group.

Schneider Electric appoints Canninah Dladla as the first female Cluster President for English-speaking Africa, enhancing leadership in sustainable energy solutions

Schneider Electric names Dladla first female leader

Schneider Electric has named Canninah Dladla as the new Cluster President for English-speaking Africa, with her appointment taking effect on 1 June 2025. This milestone marks the first time a woman will lead the region for the company. Dladla will take over from Devan Pillay, who has focused on advancing digital transformation and sustainable energy […]

CSCS Teams Up with MTN Nigeria to Launch USSD Service for Capital Market Access

MTN Marks 300 Million Customers with New AI Collaboration with Microsoft

The Central Securities Clearing System (CSCS) has partnered with MTN Nigeria to roll out a USSD-based service aimed at improving access to capital market information for investors across the country. According to a report by Punch Newspaper, the new service allows MTN subscribers to instantly retrieve key investment details—such as portfolio updates and asset values—directly […]

DUOLINGO SET TO REPLACE SOME WORKERS WITH AI, CEO REVEALS

A language learning app

Language-learning platform Duolingo has announced a significant shift in its workforce strategy, revealing plans to replace many of its contract workers with artificial intelligence (AI). In a company-wide memo shared earlier this week, CEO and co-founder Luis von Ahn reaffirmed Duolingo’s commitment to becoming an “AI-first” organisation. He emphasised the need to rethink workflows entirely, […]

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