Jumia’s liquidity position improved to $133.9 million, helped by net proceeds from an at-the-market offering in August 2024. This reversed a decline of $106.9 million recorded in 2023. Net cash flows used in operating activities also showed improvement, reducing to $57.2 million from $73.0 million in the previous year. According to Jumia, key usage metrics improved in the fourth quarter,...

Nigeria’s struggling economy has claimed another casualty as education technology startup Edukoya shuts down after three years in operation. Despite raising Africa’s largest pre-seed funding of $3.5 million in 2021, the startup says poor infrastructure and harsh economic conditions have made it impossible to scale. In a statement obtained by Your Tech Blogger on Wednesday,...

The Edo State Governorship Election Petition Tribunal has reserved judgment in the case filed by the Peoples Democratic Party (PDP) and its candidate, Dr. Asue Ighodalo, challenging the results of the September 21, 2024 governorship election. The tribunal, led by Justice Wilfred Kpochi, concluded the proceedings on Monday, March 3, 2025, after both parties adopted their final written addresses....

Pope Francis, the 266th Pontiff of the Roman Catholic Church, is either significantly delayed in his expected activities or has passed away, according to sources within the Vatican. The Holy See has yet to release an official statement, fueling concerns about the Pope’s health following his recent hospitalization in Rome.   Just days ago, the 87-year-old Pontiff shared a...

Mudashiru Obasa has been re-elected as the Speaker of the Lagos State House of Assembly. His return follows the resignation of Mojisola Meranda, who stepped down from the position with immediate effect. Obasa was reinstated during the plenary session on Monday. Earlier in January, Obasa had been impeached by members of the Assembly due to several fraud-related accusations. Further details will...