e-commerce – Newswire Report

Amazon sales of ‘non-essentials’ hit by French court ruling

April 16, 2020April 16, 2020 NewsEditorAmazon, business, coronavirus outbreak, e-commerce, Europe, France, Law, Unions, World news

Online supplier to appeal against staff virus safety plan in France which sought to limit orders to food and medicine Amazon must stop selling non-essential items or face a fine of 1m a day until it can come up with a safety plan to protect the health of its employees, a French court has ruled. The ruling, which has already been suspended pending appeal, required the company to only accept orders for groceries, toiletries and medical products as part of the wider lockdown imposed in France. The company was sued…

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What we know (and dont) about Goldman Sachs Africa VC investing

February 1, 2020February 1, 2020 NewsEditorafrica, Andreessen Horowitz, asia, e-commerce, entrepreneurship, Europe, finance, Ghana, Goldman Sachs, head, Investment Banking, Jules Frebault, jumia, jumo, Kenya, kobo360, London, Middle East, Money, Nigeria, player, Private Equity, Rocket Internet, San Francisco, sequoia capital, South Africa, Twiga Foods, Uber, United States, Venture Capital, zipline

Goldman Sachs is investing in African tech companies. The venerable American investment bank and financial services firm has backed startups from Kenya to Nigeria and taken a significant stake in e-commerce venture Jumia, which listed on the NYSE in 2019. Though Goldman declined to comment on its Africa VC activities for this article, the company has spoken to TechCrunch in the past about specific investments. Goldman Sachs is one of the most enviable investment banking shops on Wall Street, generating $36 billion in net revenues in 2019, or roughly $1…