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Welcome to another edition of the Big 5 Daily, your one-stop for top innovation news in Africa.
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Big News! Africa’s foremost e-commerce company Jumia has suspended its operations in Cameroon. This is due to hitches that wouldn’t let them run a smooth business in the country. The company will now leverage its Jumia Deals to attend to customers.
Drum roll! The long-awaited third edition of the Lagos Digital summit will be taking place on the 22nd of November 2019 in Lagos, Nigeria. The summit aims to support individuals and businesses to harness the constant innovations in the digital ecosystem. Apply here.
We also have news that the United Bank for Africa (UBA) and fintech provider Ovamba Solutions, have partnered to provide trade tech solutions for SMEs in Cameroon. The ‘Growth-As-A-Service’ solution will provide financial help to businesses based in Cameroon.
Also, Toronto-based healthtech company Winterlight Labs has raised $4.3 million. It will leverage the fund to grow its technology which fights psychological diseases in Africa & Europe.
Finally, French ride-hailing company with operations in Morocco, Algeria, and Cameroon Heetch, has secured $4 million funds to scale its service across Africa and beyond.
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