Sources Intimate that Rocket Internet is preparing a Jumia IPO

Banking Crisis
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Reuters sources have intimated that German start-up investor Rocket Internet (RKET.DE) is preparing its African online shopping platform Jumia for a possible New York listing in the first quarter of 2019 which could value the firm at about $1 billion. Citi (C.N), Morgan Stanley (MS.N) and Berenberg are coordinating the IPO, the sources said. Shares worth up to $250 million may be sold, one of the sources said, adding that no final decision about the timing or metrics of the deal had yet been taken. The investor and the banks…

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Top 10 CEOs Innovating the African Tech Industry

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African Tech 10. Alpesh Patel, Oju Africa Created in 2012, Oju Africa is part of Mi-Group International and is the first African-centric Emoticon provider. Running the show is Apesh Patel who has set his sights high in trying to bring Apple on board to diversify its range of emoticons; the word ‘Oju’ literally meaning ‘faces’ in the Yoruba language from its native Nigeria. 9. Barbara Mallinson, Obami Voted as one of the top young people to take to lunch, Barbara Mallinson has been labelled as one of the most refreshing…

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