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Africa Launches PAPSSCARD – The Continent’s First Pan-African Payment Card

Abuja, Nigeria | 30 June 2025 – Africa has taken a historic leap toward financial sovereignty and payment independence with the official launch of PAPSSCARD, the continent’s first pan-African card scheme. The launch took place on 27 June 2025, during the 32nd Afreximbank Annual Meetings in Abuja, Nigeria, and is seen as a transformational milestone in Africa’s long-standing quest for intra-African financial integration. […]

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Jumia’s Growth Amid Rising Chinese Competition: Africa’s E-Commerce Battle

Jumia, Africa’s homegrown e-commerce giant, is preparing for a major expansion in 2024, despite fierce competition from Chinese retail disruptors like Temu and Shein. The company, which has long been seen as the “Amazon of Africa,” is betting on strategic growth, deeper localization, and improved cost efficiency to maintain its dominance. However, with Chinese platforms bringing their low-cost, high-volume business […]

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