Jumia, others get $45m investment from Millicom

Emerging market-focused telecommunications company Millicom International Cellular S.A, invested an additional $45 million into Rocket Internet’s Africa online ventures, Jumia, Hellofood, Kaymu & Vamido. According to a CP-Africa report, the investment increases Millicom’s stake in Jumia Africa from 20 to 35 percent. Commenting on the investment, Millicom’s President

FG moves to decongest prisons

THE Federal Government has said that 71 per cent prisons inmates across the country are awaiting trial, describing the trend as unacceptable. Minister of Interior, Comrade Abba Moro, said this while inaugurating a 13-man Presidential Inter-

Yahoo to buy Tumblr for $1.1bn cash

Yahoo Tumblr would be operated as a separate business. Yahoo has agreed a deal to buy New York-based blogging service Tumblr for $1.1bn (£725m) in cash. Tumblr would be operated as a separate business. Yahoo’s chief executive Marissa Mayer promised “not to screw it up”. Related Story UK teen’s app bought for ‘millions’ David Karp, […]