Jumia 2016 Financials – adjusted EBITDA loss €91.9 million, revenue decreased by 42%, both total transactions and active users down

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April 25, 2017

Rocket Internet SE has published today FY 2016 Results for Rocket Internet SE and selected companies.

Rocket Internet SE’s selected companies have shown continued revenue growth and progress on their way towards profitability in 2016. Aggregate revenue across the focus sectors Food & Groceries, Fashion, General Merchandise and Home & Living grew by 29% from EUR 1.7 billion in 2015 to EUR 2.2 billion in 2016. The aggregate adjusted EBITDA margin improved by 16.4 percentage points from -31.3% in 2015 to -14.9% in 2016, which equates to an absolute EBITDA loss reduction of EUR 234 million.

But the African business, Jumia, recorded an adjusted EBITDA loss of €91.9 million from €161.3 million in 2015.

African online platform Jumia, formerly known as Africa Internet Group, has successfully completed the rebranding of all services under the Jumia brand in 2016 with a positive impact on traffic and brand awareness. Jumia reduced its adjusted EBITDA losses from EUR -161.3 million in 2015 to EUR -91.9 million in 2016.

Notes: On August 30, 2016 Africa eCommerce Holding GmbH, the holding company of Jumia, was merged into Africa Internet Holding GmbH (formerly trading under Africa Internet Group). In June 2016, all business models of Africa Internet Group were renamed around the Jumia brand. The figures shown for all periods refer to Africa Internet Holding GmbH.

Jumia is really doing well as it has recorded gross profitability made possible by the consolidation of its operations in Africa.

The Buhari Plan of 3 million jobs is the Smart Nigeria Digital Economy Project

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April 25, 2017

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It has emerged that financial services within Nigeria’s digital economy could add US$88 billion and create over 3 million new jobs over the next 10 years. This comes as Ministers from developing countries namely Nigeria, Mexico, Kenya, Argentina, Colombia, Sri Lanka, Uruguay, Chile, Costa Rica and Pakistan under the auspices of Friends of E-Commerce for Development (FED) resolved to put forward a policy agenda to bridge the digital divide as well as provide development solutions in the long term, during their meeting in Geneva, Switzerland today.

The job figures are in line with estimates of a study carried out by McKinsey Global Institute (MGI). Further studies indicate that potential gains of the digital economy will be manifest in digital accounts, payments, mobile money, health and educational services and other sectors of the economy. Minister of Industry, Trade and Investment Dr. Okechukwu Enelamah who led the Nigerian delegation to Geneva, explained that the Ministry is already developing the “Smart Nigeria Digital Economy Project” and that the objective is to solve efficiency problems and create leap-frog opportunities in the economy, improve competitiveness and foster technology development and innovation more generally.

“The Smart Nigeria Digital Economy Project is Nigeria’s response to an area of intense economic and technological activity by Nigerian youths, where there is a growing pool of talent”, he stated. “It is a sector of the economy where the private sector already has ownership. The role of government would therefore be to ensure a sound pro-competitive regulatory environment and hardware infrastructure to foster rapid growth of this area,” Enelamah added.

The Minister also shared the fact that there are currently 150 million active mobile users in a country of 170m, of which over 60% are connected to the internet. There are some 17m Facebook users and new technology start ups and young people writing apps that solve problems and spur growth.

Lagos, the largest commercial city in Africa accommodates some of Africa’s well-known consumer tech businesses such as iRokotv, Hotels[dot]ng, Jobberman, Andela, Balogunmarket, and Truppr[dot]com.

Meanwhile, FED gathered for its first Ministerial Meeting in Geneva on the sidelines of the United Nations Conference for Trade and Development (UNCTAD) E-Commerce week. In a communiqué at the end of their meeting, the group said that the road map put together by member countries would form the foundation for sustainable economic development as well as pave the way for conversations at UNCTAD and the World Trade Organisation (WTO) in advance of the Ministerial Meeting of the WTO in Argentina later this year.

The communiqué noted that the “FEDs came together to build an inclusive and open space for discussion of e-commerce viewed from the development perspective. FEDs view e-commerce as an instrument that brings the digital, development and trade agenda together and as a tool for inclusive and sustainable economic growth.” The FED is a diverse, non-negotiating, group of WTO Members and UN Member States at different levels of development, with an understanding of the impact of E-Commerce and its ability to create sustainable economic opportunities for all.

In light of Nigeria’s strong engagement in the fast developing area of digital economy of which e-commerce is a part, on 24^th April, Nigeria’s Chief Negotiator Ambassador Chiedu Osakwe was invited by the office of the UNCTAD Secretary-General to deliver the Keynote Address at the UNCTAD E-Commerce week session on E-commerce in Africa. In his address titled: “Trumping Timidity: The Importance of Audacity in the Digital Economy”, Ambassador Osakwe urged African countries to integrate digital economy strategies and action plans into domestic structural reforms for diversification, modernization and growth. “Africa needed to be offensive in this area, acting innovatively, purposefully and expeditiously” because the gains and development yields were considerable as evidenced

Try EaseUS Data Recovery Software – It’s The Best in the Industry

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April 25, 2017

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I do not know how many times you make errors in your work. But there are errors which could be very problematic and consequential. That happens when you suddenly delete important files that run your business or personal life. Imagine students crying that they have mistakenly deleted a thesis they have invested months of work by accident. We do business managers crying that the presentation which is the next day was accidentally deleted. Or sometimes, it is not really an accident, we just purge our PCs, laptops and other devices files only to note that we need those files within days.

If you have experienced this type of scenarios and more, there is good news. There is a solution from EaseUS. They have the world’s best data recovery software to recover deleted, formatted or lost data from PC, laptop or removable device easily and quickly. The recovery software can be tried free and it allows anyone to restore deleted files and folders quicker than you may expect.

The Capabilities of EaseUS Recovery Software

The EaseUS free data recovery software restores crucial data for sudden deletion, formatting, hard drive corruption, virus attack, system crash, volume loss, improper operation or other reasons. It is extremely easy and safe free file recovery software for PC/laptop/Server and helps to retrieve lost or deleted files, photos, music, audio, emails, etc. from hard drive, memory card, USB, digital camera, mobile devices and other storage media. It is an omni-recovery ecosystem that can handle any media type. The key attributes are as follows:

PC data recovery wizard: Recover deleted files from hard drive, external hard drive and SSD on your PCs, laptops or servers, or even lost and formatted partitions
Memory card recovery wizard: Restore lost data from damaged or corrupted memory card including memory stick, SD card, CF card, Micro card and more
USB drive recovery wizard: Rescue data loss on USB drive, flash drive, pen drive and other removable storage media due to accidental deletion, formatting, virus attack, etc.
Other digital device recovery wizard: Retrieve lost data from devices like digital camera, mobile phones, iPod, music and video player for deleting, formatting, hardware crash and other reasons

Recovery Features and Comparisons

EaseUS Recovery Wizard has three main editions and they have different recovery features as noted in the table below.

Operating the EaseUS Interface

The EaseUS Data Recovery Software is a free software that you can download on your computer. It works with both Windows and Mac systems, making it convenient to be used by anyone. Let’s take a comprehensive look at how to recover your files using this free file recovery application.

Installing and Operating the Wizard

The program is free and easy to download. After it is downloaded, simply launch the program and you will be able to observe first hand that the interface is super user friendly and easy to make sense of. You can find everything you need inside the Menu icon on the top of the window.

Beginning the Search

Beginning from the ‘Home’ screen, you can select what kind of files (documents, audio, video) you would like to search for. The next screen will ask you to select which part of the hard drive or the attached drive you would like the software to scan for the deleted file.

Quick and Deep Scans

The next step would be to click on ‘Scan’ on the bottom right of the page.

When you do a Quick Scan, the software takes just a few minutes to extract a small bunch of files from the selected place. The Deep Scan, however, extracts over hundreds and thousands of files for you to select from and recover. It is also understandable that such a difficult feat takes a considerable amount of time as well. You can pause or stop the Deep Scan anytime you want if you are not willing to wait through the two or three hours of searching. You are still able to preview and restore the files that the software has recovered till that point in time.

Exporting and Importing Scans

You can save your scan results if you would like to view them later by clicking on the ‘Export Scan Status’. Whenever you would like to view them again, you can simply choose the ‘Import Scan Status’ option and bring back the Recovery State File into the window.

Finally: Recover!

Once you have decided which files you want un-deleted, you can either right click on that particular file and choose ‘Recover’, or in the case that there are several files you would like recovered, you can tick all the files and press the ‘Recover’ option on the bottom-right corner. You can choose where you would like to place these newly recovered files. It is better to store them in a new place if they were deleted because of a damaged drive.

Free Trial

You can experience the EaseUS software on a trial before you actually download the software, if you would like to.

By Ken Brad

Dubai invites African fintech entrepreneurs – apply to FinTech Hive at DIFC accelerator

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Tekedia Editors

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April 25, 2017

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Is your start-up disrupting or enhancing the financial services industry? Are you looking to grow in the Middle East, Africa and South Asia (MEASA) region? If yes, then FinTech Hive at DIFC is the accelerator for you!

The FinTech Hive at DIFC has been developed to help startups refine and test propositions with the support of the world’s leading financial firms. Reflecting the energetic and entrepreneurial environment of Dubai, FinTech Hive at DIFC links global innovation across three other FinTech hubs, in New York, London and Hong Kong.

Established in 2004, the Dubai International Financial Centre (DIFC) has grown to become a leading financial hub for the Middle East, Africa and South Asia (MEASA) region. Positioned between the global financial centres of New York, London, Singapore and Hong Kong, and home to over 21,000 individuals from over 1,500 financial and professional services companies, the Centre provides access to top firms looking to access the high-growth MEASA markets.

Custom built, linking cutting edge and innovative financial services technology to the MEASA markets, the accelerator – FinTech Hive provides an ideal launchpad to access and serve the region.

Eligibility

You’re not already an established, public/listed or well-known technology business in financial services or you are an established business in other industries looking to branch out and financial services professionals who want to commercialise their IP.
You have a minimum alpha or beta product to demonstrate and are prepared to share access to programme partners under NDA (and where reasonable, for no additional cost)
Your senior team (e.g. Founder/CEO & CTO/Lead Developer) can commit to being based in Dubai throughout the 12-week programme
You can show that access to senior-level executives in the financial services firms will have a meaningful impact on your growth prospects

Apply

To apply, click here . Please note that applications will close on Sunday, 28 May.

Kaspersky Lab is looking for partners on cybersecurity solutions in Africa

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Tekedia Editors

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April 25, 2017

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Kaspersky Lab has launched a new partner program in Africa, aimed at managed service providers (MSPs) that already offer security services or would like to add them to their current portfolio. The program helps MSPs to address the growing demand for IT security services and enables them to attract new customers in the SMB markets, while satisfying existing customers looking to outsource all IT functions, including security, to a trusted third-party.

Riaan Badenhorst, Managing Director, Kaspersky Lab Africa says: “Kaspersky Lab’s MSP Program was created specifically to meet the needs of partners who want to grow their managed service offerings in cybersecurity – without additional administrative overheads or resources. The program is based on the world’s most tested, most awarded multi-layered security solutions. It allows MSP partners to secure the complete customer infrastructure, from mobile devices and desktops to physical and virtual servers, with our comprehensive portfolio that can be delivered both on-premises or from the cloud.”

First Distribution , operating across Africa, with offices in South Africa, Kenya and Nigeria, announced the news about joining Kaspersky Lab’s program, at their First for Cloud Roadshow in Johannesburg, South Africa, which was attended by over 100 partners, resellers and vendors. Debbie Abrahall, Managing Director, First Distribution, commented; “With Kaspersky Lab’s new program we see great opportunities for resellers and MSPs. We believe that with this, everybody in the market, including SMB clients, will benefit from the high-quality cybersecurity proposals that allow remote management and make IT security more affordable”.

The specialised program is designed for MSP partners that want to enhance and grow their reputation and expertise, achieve maximum margin at minimum risk, and ensure that their customers’ data and infrastructure are kept safe. Kaspersky Lab’s offering includes products and technologies that will enable MSP partners to provide new security services to their customers, such as remote security monitoring, managed security, virtualization security and mobile device security and management.

Participation in the program also guarantees special privileges and benefits for the MSPs themselves, including:

exclusive access to volume based pricing with a separate MSP price list;
monthly licensing;
product and security training and certification;
standard and premium technical support;
extended sales and marketing materials.

Managed service providers will have the opportunity to choose between cloud and on-premises models, to provide greater flexibility of IT security services for their customers. Kaspersky Endpoint Security Cloud, suitable for smaller MSP businesses, allows MSP partners to manage customer infrastructure from the cloud using a multi-tenant cloud console. Kaspersky Endpoint Security for Business Basic and Kaspersky Security for Virtualization add the ability to use a multi-tenant on-premises solution managed by Kaspersky Security Center — for larger businesses with up to 10,000 managed nodes. Kaspersky Security for Mail Server and Managed Service Agreement are also part of the MSP offering. Managed service providers can offer clients of any size a full range of services to protect all types of corporate devices and appliances.

Partners who want to join the program need to meet several requirements, including being a provider of managed services, purchasing licenses from a distributor affiliated with Kaspersky Lab, and providing first line support to customers.

To join the program, MSP partners can register on the partner portal . Successful applicants will then be able to choose a distributor, complete sales and technical training, and have access to a wealth of relevant marketing materials.

Jumia 2016 Financials – adjusted EBITDA loss €91.9 million, revenue decreased by 42%, both total transactions and active users down

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Try EaseUS Data Recovery Software – It’s The Best in the Industry