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Imperial acquires ParcelNinja in major South African e-commerce deal Subscribe In a shareholder statement published on Tuesday (23 February), Imperial said that the deal took effect from 1 February 2021. “Enabled with leading software, processes and people capabilities in South Africa, ParcelNinja provides fulfilment in both B2C and B2B channels including the informal market, supported by the management and optimisation of courier parcel deliveries,” Imperial said. “This acquisition suppo...

February 3, 2021 The Covid-19 pandemic has upended the African continent, and at the same time accelerated major innovative breakthroughs, including in talent marketplace businesses, pay-as-you-go platforms, and decentralized finance (DeFi). There is reason, therefore, to be hopeful in 2021. What follows is a top ten list of predictions—some more speculative than others—on Africa’s growing startup and venture sector for the year ahead. Early investing explodes. With nearly 10 trillion dol...

Alexander O. Onukwue 20th January 2021 Share this article but may need one holdover to influence Africa. In January 2020, Nigerian healthcare startup LifeBank became the first company to receive investment under a new maternal care initiative introduced by the US International Development Finance Corporation (DFC). LifeBank’s 24/7 blood supply business met three criteria for a DFC-funded company; it is a revenue-generating enterprise filling a emerging market. Using these investment criter...