News #Africa Markets

African e-commerce group Jumia Technologies was left with just $367,000 of total equity at the end of June, before a $50m injection anchored by the International Finance Corporation

The Nigerian equities market delivered a strong performance in July 2026, adding approximately N11.11 trillion to investors’ wealth as sustained buying interest in banking and other fundamentally strong stocks outweighed intermittent profit-taking

​“I do not measure adoption by how many people can purchase a digital asset. I measure it by how many people can explain what they own, why they own it, what risks they are accepting and how they intend to protect themselves.” – Antony Mlelwa

Egyptian startup Stakpak, the developer of one of the first open-source autonomous DevOps agents, has been acquired by Vercel, a US-based cloud platform valued at US$9.3 billion.