Humbled by losses, Jumia seems to have learnt it lessons, and adapting it strategies to the local economics.
Jumia reported a loss after tax of Eur 37.6 million (N17 billion) in the second quarter of 2020.
MTN has been trying to dispose of its non-core assets to minimize debt and open new markets.
Shoprite's intention to divest from its Nigerian operations appears to be anchored on these factors.
"We are seeing unprecedented demand to join the Jumia platform, especially for named brands. We believe those dynamics will help accelerate the shift toward online."
The pandemic has completely changed the world, every facet of our existence has been affected as human contact is now considered dangerous.
A recent report says the earnings of Nigeria’s Deposit Money Banks from digital payment platforms grew by 64% to reach N212.66 billion in 2019.
LASEPA has eeopened Jumia warehouse situated at Surulere industrial road, off Allen Avenue, in Ikeja Lagos.
Rocket Internet, has sold off its stakes in Jumia, as the African eCommerce firm's shares continue to decline on the New York Stock Exchange.
The Lagos State Government has sealed off of the business premises of one of the largest online marketing store in Africa, Jumia.
