African startups weather the funding storm with acquisitions it-online.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from it-online.co.za Daily Mail and Mail on Sunday newspapers.
The TechCabal Insights report has shown that there has been an increase in the number of tech acquisitions in Africa, with a total of 43 deals by the end of Q3 2022.
Despite recording increased profits in Q3 2022, Jumia is looking to cut more costs. The e-commerce giant is cutting Jumia Prime, its loyalty programme that offered unlimited free deliveries on all orders. It's also sizing down its Dubai office. More in #TCDaily.