company news
Jumia records a full-year loss of $207 million for 2022.
African e-commerce company Jumia recorded a full-year loss of $207 million and a Q4 loss of $49.2 million in 2022....
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Facebook to roll out paid subscription.
Facebook and Instagram owner Meta to launch a paid subscription service starting at $11.99 a month, allowing users to verify...
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Apple Hit With Fourth Data Privacy Lawsuit.
Apple is facing a fourth class-action lawsuit against its data collection since its publication in November 2022. This information was...
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Jumia’s board appoints Francis Dufay as CEO.
The supervisory board of the e-commerce company, Jumia, has appointed Francis Dufay as the company’s CEO. The information was disclosed...
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Flour Mill profit margins dropped to the lowest in eight years.
Due to rising input and finance costs, Flour Mills Nigeria Plc (FMN) reported its lowest profit margin in eight years,...
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Disney sacks 7,000 employees worldwide.
The Walt Disney Company, commonly known as Disney, disclosed on Wednesday that it was laying off 7,000 employees worldwide as...
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Dangote Cement Plc Says its Obajana Plant is Now Fully Operational
Nigeria’s leading cement manufacturer, Dangote Cement Plc, has announced to stakeholders that its Obajana Cement plant re-opened on Friday, 7...
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Dangote Cement Shutdown Obajana Cement Plant in Kogi State
Dangote Cement Plc, Africa’s largest cement producer, has announced to its stakeholders and the general public the recent shutdown of...
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