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Jumia Rolls out Mouth-watering Offers @ 8th Anniversary

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Jumia Nigeria, the leading e-commerce platform has announced new sizzling offers to new and existing customers to celebrate its eighth-year anniversary of online marketplace operations.

The company also said it has contributed immensely to the growth and capacity building of small and medium scale enterprises (SMEs) in Nigeria since inception, especially during the recent lockdown imposed by the government in response to the COVID-19 pandemic.

These announcements were made at the eighth anniversary press conference themed “Stronger Together”, by Massimiliano Spalazzi, Jumia Nigeria’s CEO which held on 17 June, 2020.

According to Spalazzi, Jumia made a sustainable impact on Nigeria’s economy during COVID-19 lockdown, a positive impact the company intends to sustain on SMEs and help consumers in Nigeria to save money and time with this year’s anniversary campaign.

“In the last few months, we’ve seen that e-commerce is crucial to the Nigerian economy. We have seen more people shifting their activities online at a faster pace, working and shopping are coming online faster than we thought and never like before.

“We saw new and returning customers coming on our platform to shop from the safety of their home. Jumia became a place where communities across Nigeria came to buy all sorts of products – groceries, fashion.

During the recent lockdown period, more brands come online to partner with Jumia by putting their products and services on our platform or advertising offers on Jumia Advertising. Within the period, we focused our attention on safety as much as possible to ensure safe delivery of products from our platform.

“We implemented contactless delivery, and helped by JumiaPay which allows you to pay for the product before it is delivered or pay at the doorstep through a contactless approach,” the CEO went further to said.

In her own presentation during the press conference, Omolola Oladunjoye, the Chief Commercial Officer at Jumia Nigeria informed the audience that, in line with the company’s theme for the eighth anniversary, Jumia has put together various promotional offers to entice and reward its new and existing customers. She listed Samsung, Dettol, Nexus, Intel, HP and Unilever as some of the brand partners for the anniversary campaign.

“These two-week promotional offers, which will commence on 22 June, will see many new and existing customers win various freebies, buy items at highly discounted prizes of up to 99 percent, as well as enjoy free delivery on most of the items,” she said.

On the promotional offers, Spalazzi explained that the anniversary will be a celebration of solidarity targeted at benefiting customers, partners and sellers on the platform.

“The core of Jumia anniversary will focus on customers and partners. We want to empower existing sellers and businesses to benefit on the Jumia anniversary. This is one of the times we generate more traffic and we want vendors to benefit from more sales, and we will onboard new businesses throughout this period,” he concluded.

He reeled out Jumia’s gestures as a responsible corporate citizen during the lockdown and stated that the company will continue to create sustainable impact in our  communities .

“We donated 100,000 certified masks to the Federal Ministry of Health. We also gave out a free advertising slot on our platform to the Federal Ministry of Health to sensitize the public under our “Stay Safe’ campaign. We also gave a free advertising slot to support an NGO which was committed to the cause of helping people during the lockdown. We are committed to sustaining these impacts we created during the lockdown and it in many ways.”


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FG Unveils AI Public Services Platform

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Federal government has launched GovGuideNigeria, an artificial intelligence (AI)-powered digital platform designed to streamline access to public service information through WhatsApp and the web.

The platform consolidates information from more than 35 federal ministries and over 60 government agencies, marking a significant step in Nigeria’s drive to expand AI-enabled public infrastructure and digital government services.

According to Bosun Tijani, Nigeria’s minister of communications, innovation and digital economy, the initiative aims to simplify interactions with government services, particularly for underserved communities that often face challenges navigating complex public-sector systems.

Developed in collaboration with the National Centre for Artificial Intelligence and Robotics, Meta, and Publica AI, GovGuideNigeria uses conversational AI to provide real-time responses via WhatsApp and a web interface in English, Hausa, Igbo and Yoruba.

Sade Dada, head of public policy at Meta, said the multilingual rollout highlights the growing use of natural language processing within African public institutions to improve digital inclusion and broaden access to services.

Ignatius Willie, chief executive of Publica AI, said the platform demonstrates how Africa’s next generation of digital public infrastructure can be developed locally using African languages.

GovGuideNigeria is intended to address longstanding challenges in Nigeria’s public information system, where citizens often struggle to access reliable guidance because of fragmented government websites, poor communication channels and the expense of travelling to physical offices.

Through AI-driven automation, users can obtain information on immigration procedures, documentation requirements, public programmes and agency-specific services through chat-based interactions.

The launch also reflects Nigeria’s broader ambition to integrate AI into digital governance, while strengthening partnerships between government agencies, global technology companies and local AI startups to modernise public service delivery.


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Elon Musk to Become First World’s Trillionaire with SpaceX Historic IPO

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Elon Musk is poised to become the world’s first trillionaire after  SpaceX, his company, confirmed plans to go public.

Elon Musk to Become First World’s Trillionaire with SpaceX Historic IPO

Elon Musk

Because Musk owns the majority of the shares, it could push his net worth over the trillion dollar mark.

The entrepreneur is known for his leadership of Tesla, SpaceX, X, and xAI.

Musk has been the wealthiest person in the world since 2025; as of May 2026, Forbes estimates his net worth to be $788 billion.

SpaceX has filed for a blockbuster public listing in the United States, paving the way for what could become the largest stock market debut in Wall Street history.

The company, formally known as Space Exploration Technologies, announced plans to begin trading under the ticker symbol “SPCX” as early as next month.

The listing values SpaceX at about $1.25 trillion, with Musk’s majority ownership potentially worth more than $600 billion alone.

Combined with his existing holdings in companies including Tesla, the IPO could push Musk’s personal wealth above the $1 trillion mark.

The long-awaited filing also offered investors a rare look into SpaceX’s finances.

The company reported $18.6 billion in revenue last year but recorded a net loss of $4.9 billion. In the first quarter of this year, SpaceX generated $4.7 billion in sales while posting a $4.3 billion net loss.

Financial disclosures showed the company holds $102 billion in assets, including rockets, launch infrastructure and satellite systems, while carrying debts totalling $60.5 billion.

Despite the losses, analysts suggested investors were unlikely to be deterred given SpaceX’s dominance in commercial space launches and satellite internet services.

Ruth Foxe-Blader, managing partner at Citrine Venture Partners, described the planned flotation as “extremely exciting.”

“SpaceX is just an absolutely sprawling, enormous project with so many different selling points, and so many points that really point to the future,” she said.

SpaceX operates the Starlink satellite internet network and also owns Musk’s artificial intelligence company, xAI.

The IPO filing revealed that xAI recently reached a major commercial agreement with rival AI company Anthropic, maker of the Claude chatbot.

Under the arrangement, Anthropic will reportedly pay $15 billion annually to access data centre infrastructure linked to xAI operations in the American South.

The filing also disclosed that SpaceX expects to incur more than half a billion dollars in legal costs from multiple ongoing lawsuits and regulatory disputes.

Among the cases listed were claims alleging that xAI’s chatbot Grok had been used to create sexualised deepfakes of women and girls, alongside patent infringement disputes, music copyright claims, data breach allegations and investigations into compliance with European Union content moderation rules.

Musk has previously said he plans to dissolve xAI as a standalone company and pursue his AI ambitions directly under SpaceX.

The filing came shortly after Musk lost a high-profile legal battle against OpenAI and its chief executive Sam Altman.

Musk had accused OpenAI of abandoning its non-profit mission after shifting towards a commercial model, but a jury dismissed the lawsuit, ruling that he had waited too long to bring the claims.


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Moniepoint Boosts UK Payments Security

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African financial services platform Moniepoint has partnered with open banking software-as-a-service provider tell.money to deploy a transaction security system in the UK market.

The companies said the partnership will allow Moniepoint to implement Confirmation of Payee, an account name-checking service designed to verify recipient details before payments are processed.

The integration will be rolled out through Monieworld, Moniepoint’s UK remittance subsidiary, as part of the company’s broader European expansion strategy.

Tell.money will provide the underlying verification technology, which the companies said is intended to reduce misdirected payments and help protect users against cross-border fraud.

Ravi Jakhodia, CEO of Monieworld, said: “Our goal with Monieworld is to build financial services for Africans in the diaspora.”

He added that tell.money was selected because it manages compliance and accreditation requirements, allowing the fintech company to focus on customer service.

Moniepoint is entering a competitive UK-to-Africa remittance market that includes established providers such as Wise, WorldRemit and Remitly, as well as African fintech firms including Flutterwave’s Send App.

According to data from the World Bank’s KNOMAD programme, remittance flows to low- and middle-income countries are estimated at about $620 billion annually, with digital -first platforms capturing increasing market share through open banking integrations and automated compliance systems.

The rollout reflects a broader trend of African fintech firms expanding into developed markets by adopting local regulatory and open banking standards.

Industry analysts expect diaspora-focused platforms to evolve beyond money transfers into services such as multi-currency banking, credit and investment products.


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