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,...

The Nigerian Police Force has advised the Osun State Government to immediately suspend the upcoming local government elections for public safety and national stability.  This recommendation follows intelligence reports indicating a high likelihood of violence and significant security threats if the elections proceed. Credible sources suggest that various groups, including political...

Looking for an Instagram alternative that gives you more control and less algorithm chaos? Meet Flashes—the latest photo-sharing app to join the scene, and it's already making waves. After officially launching on the App Store this week, Flashes pulled in nearly 30,000 downloads in just 24 hours. Not bad for a debut. So, what’s the big deal with Flashes? Well, for starters,...

After pioneering internet-based calling 23 years ago, Skype is officially shutting down. Microsoft, which acquired the platform 14 years ago, announced that Skype will be retired on May 5, 2025, as the company prioritizes Microsoft Teams. Skype users have 10 weeks to decide their next steps. While it's unclear how many people will be affected, Microsoft last reported in 2023 that Skype had over...

The “Dead Horse Theory” is a satirical metaphor that reflects how some people, institutions or nations face obvious problems that are impossible to solve, but instead of accepting reality, they cling to justifying them. The central idea is clear: if you find that you are riding a dead horse, the most sensible thing to do is to get off and leave it. However, in practice, the opposite...