Connect with us

Tech

Egypt’s food-tech startup, Appetito, merges with Saudi company, Jumlaty, to form biggest supply platform

Published

on

Egyptian food-tech and grocery deliveries startup, Appetito, has joined forces with Saudi Arabia’s grocery delivery giant, Jumlaty, to create a leading food-tech supply chain platform, NOMU, which is the largest chain in North Africa.

Appetito which was founded in March 2020 by tech entrepreneur, Shehab Mokhtar, is a grocery delivery platform that sources products from manufacturers, stores them in its warehouses, and ships them to customers via mini fulfillment centres, according to its profile.

In 2021 the startup raised a US$2 million pre-seed funding round and acquired Tunisian quick commerce platform Lamma to expand its operations into Morocco, Tunisia and West Africa in June of this year.

Jumlaty, on the other hand, is a food-tech supply chain platform that leverages Artificial Intelligence, social commerce and smart financing to deliver high quality grocery products and more “at incredible value with a price match guarantee,” according to Mokhtar, CEO of Appetito, now CEO of NOMU.

Also speaking on the merger on Friday, Salman Attieh, former CEO of Jumlaty, who is now chairman of NOMU, said:

“The merger between the two creates NOMU, which is currently present in Saudi Arabia, Egypt, Tunisia and Morocco and has the capacity to cover the existing infrastructure of 25 million people and 100,000 F&B stores.

Appetito and Jumlaty have been, separately but similarly, working hard to reinvent the grocery supply chain.

“Both have focused on reliability, speed, and affordability, building a solid reputation and a loyal customer base of families and F&B businesses.”

Tech

Airtel Africa declares $523 million nine-month net profit

Published

on

One of Africa’s biggest mobile network operators, Airtel Africa, had declared a profit of $523 million over a nine months period ending December 31, 2022.

The profit margin, according to a financial report released by the company, showed a 12.1% increase from $514 million during the same period the previous year.

The report further stated that the company’s mobile services revenue in Nigeria grew by 20.9 percent, while East African revenue increased by 11.9 percent, just as 11.8 percent was recorded in Francophone Africa.

Revenue from voice services from its African operations increased by 12.7% while data recorded a revenue rise of 22.3%.

The company’s mobile money service recorded a 29.8% growth, largely attributed to a 32.5% growth in East Africa and 21.7% in the Francophone Africa market.

The financial report released by the Chief Executive Officer of Airtel Africa, Segun Ogunsanya, also said company’s total customer base increased to $138.5 million, up by 10.1 per cent, with the company saying it spent $490 million over the last nine months on its 4G and 5G spectrum across key markets to improve quality.

“The company’s total customer base increased by 10.1% to hit 138.5 million as the penetration of mobile data and mobile money services continued to rise, driving the data customer base up 13.6 percent and mobile money customer base up 22.2 percent,” the report said.

“Providing affordable, innovative, and essential services to customers in our 14 markets with unparalleled network quality and customer service is integral to our ambition of transforming lives across Africa.”

“Over the last nine months we have spent almost $490 million on 4G and 5G spectrum across key markets to improve network capacity and quality, future-proof the company for continued growth opportunities, and facilitate economic progress in all our markets,” Ogunsanya said.

Continue Reading

Tech

Kenyan judge rules Meta can be sued in local courts for rights violations

Published

on

A Labour Court in Kenya has ruled that Facebook’s parent company, Meta, can be sued in the East African country, following a suit filed by a former Facebook moderator, Daniel Motaung, claiming poor working conditions.

Meta had, in a counter suit, tried to have the case dropped, with the argument that Kenyan courts do not have jurisdiction over their operations.

The social media company had argued that while it has operations in Kenya, it’s a foreign company and its contracts with Sama don’t make it susceptible to Kenyan laws.

But while delivering judgement on the case on Monday, the Labour Court judge, Justice Jacob Gakeri, dismissed its appeal and insisted that Kenyan courts can rule on the case.

In the originating suit, Motaung, a South African national, had alleged that Meta and its local outsourcing partner, Sama, had exposed him and his colleagues to “toxic” work conditions while they were contracted to work as content moderators.

Matuong had claimed that he was subjected to “forced labor, exploitation, human trafficking, unfair labor relations, union busting, and failure to provide adequate mental health and psychosocial support” by Facebook and its parent company.

In his ruling, Justice Gakeri said:

“The second and third respondents’ names, Meta Platforms Inc and Meta platforms Ireland Ltd, shall not be struck out at this stage.”

The case between Motaung and Meta is due for further determination in early March.

Continue Reading

EDITOR’S PICK

VenturesNow12 hours ago

Ghana extends domestic debt exchange registration again after ‘technical glitches’

West African country, Ghana has continued its aspirations of economic recovery as it has extended the deadline to register for its...

Metro12 hours ago

Egyptian court sentences terror leader to death, 11 others to life imprisonment over 2017 charges

A special court in Egypt has sentenced a terrorist to death by hanging, while 11 others bagged life imprisonment, over...

Politics12 hours ago

Court okays continued trial of Mauritania Ex-President, Ould Abdel Aziz

A court in Mauritania has ruled that the trial of former President, Mohamed Ould Abdel Aziz for illicit enrichment can...

Culture13 hours ago

South African actress, Thuso Mbedu, wins Outstanding Breakthrough Actress at Black Reel Awards

South African actress, Thuso Mbedu, has hit off 2023 in grand style with another international honour under her belt, when...

Tech13 hours ago

Airtel Africa declares $523 million nine-month net profit

One of Africa’s biggest mobile network operators, Airtel Africa, had declared a profit of $523 million over a nine months...

Sports15 hours ago

Agent of Ghanaian international, Christian Atsu, debunks rescue from Turkey earthquake

The agent of Ghanaian Black Star international, Chrstism Atsu, has debunked reports the player who was trapped under the rubble...

Metro15 hours ago

Cameroonian media mogul, 27 others arrested for murder of journalist

At least 28 people including a well known Cameroonian media mogul, Jean-Pierre Amougou Belinga, the owner of Vision 4 TV...

Strictly Personal16 hours ago

Russia-Ukraine Conflict: A discussion from the African desert, By Isaac Mwanza

“Africa Is not for Sale. Africa is open for business not for sale or looting. We must defend what is...

VenturesNow18 hours ago

Nigeria’s apex court stops apex bank, CBN, from implementing deadline for old Naira notes

Nigeria’s apex court, the Supreme Court has ordered a suspension of the deadline for the swapping of old to new...

Metro2 days ago

34 people killed in Somaliland ethnic clashes, officials say

Authorities in Somaliland, the breakaway region of Somalia, have confirmed that 34 people have been killed when fighting broke out...

Trending