(Nairobi, Kenya) – Kenya is stepping up efforts to position itself as Africa’s leading digital trade hub as the continent accelerates implementation of the African Continental Free Trade Area Digital Trade Protocol. More than 200 policymakers, business leaders, investors, technology innovators and development partners are expected to attend the DigitalContinue Reading
(NAIROBI, KENYA) – Jumia’s sales in Kenya reached a record KES 6.4 billion in the three months to June 2026. The figure is equal to about 49.7 million US dollars or 39.1 million British pounds. Strong demand for fashion and beauty items offset a fall in smartphone sales caused byContinue Reading
(KYIV, UKRAINE) – The Defence Procurement Agency of Ukraine has expanded the Prozorro Market electronic catalogue for military units to 15 categories of goods. The catalogue is used by military units that make purchases with decentralised budget funds. The Ministry of Defence announced the expansion. The catalogue previously offered onlyContinue Reading
(MOSCOW, RUSSIA) – Direct losses at Wildberries could exceed 100 billion roubles after a campaign against its warehouses destroyed at least 14 logistics hubs. The figure could reach 200 billion roubles under a pessimistic scenario, according to Ukraine’s Foreign Intelligence Service. The losses have broken the business model of Russia’sContinue Reading
(MONTREAL, CANADA) – Metro’s third quarter profit fell 35% as a strike at its only produce distribution centre in Quebec entered its fifth month, costing the grocery and pharmacy retailer an estimated C$90 million in lost profit and direct costs. Metro reported net profit of C$211.3 million, about US$151.1 millionContinue Reading
(KYIV, UKRAINE) – State owned PrivatBank has announced the launch of a subscription service for the Ukrainian market, offering customers access to special prices and benefits from both the bank and its partners. The product, called PrivatPidpyska, is currently in closed beta testing and will become available to all customersContinue Reading
(KYIV, UKRAINE) – Foreign companies providing electronic services to Ukrainian users paid 11.3 billion Ukrainian hryvnia in so called Google tax to the state budget in the first seven months of 2026. At current exchange rates, this sum equals approximately 252 million US dollars, 197 million British pounds and 218Continue Reading
(LAVAL, CANADA) – Alimentation Couche-Tard Inc., the Canadian owner of the Couche-Tard and Circle K convenience store chains, has made an offer valued at more than $12 billion to acquire a controlling stake in Polish convenience store operator Zabka Group. The bid, announced on Friday, would be the largest acquisitionContinue Reading
(KYIV, UKRAINE) – Ukrainian drone strikes against logistics centres belonging to Wildberries, Russia’s largest online marketplace, are opening a new front in the economic dimension of the war. The attacks aim not only to disrupt supply routes used by the Russian military but also to weaken a major private businessContinue Reading
(KYIV) – Ukrainians have until the end of today to spend funds accrued under the “National Cashback” programme, with unspent balances reverting to the state budget from 1 August. The digital government services portal Diia issued the reminder via Telegram, stating that 31 July is the final day for cardholdersContinue Reading
