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JUMIA
news and analysis about Jumia
Africa’s e-commerce giant, Jumia, said it is reshaping its business strategy to defend market share, boost profitability, and...
British investment firm, Baillie Gifford, once Jumia’s largest institutional backer, has officially exited its stake in the African e-commerce giant, marking the end of a six-year bet on what was once hailed as the “Amazon of Africa.”
This article explores the gains and challenges of food delivery system in Lagos state.
Africa’s e-commerce giant Jumia on Thursday released its earnings statement for Q4 and full year 2024, reporting a 10 % decline year-on-year in its operating loss to $66 million from $73.3 million in 2023.
Jumia Technologies AG, Africa’s leading e-commerce platform, has announced plans to shut down its operations in South Africa, where it operated under the brand name Zando, and Tunisia by the end of 2024.
Africa’s tech ecosystem is witnessing rapid growth, with innovative companies emerging as leaders in sectors ranging from fintech to healthcare and infrastructure.
Jumia Technologies AG, the leading e-commerce platform in Africa, announced plans on Tuesday to raise EUR 244 million ($268 million) through a rights issue as part of its strategy to strengthen its financial position and fuel expansion efforts across the continent.
Africa’s e-commerce group, Jumia, posted a $20.2 million operating loss in Q2 2024 amid a 17% decline in revenue.
E-commerce juggernaut, Jumia Technologies AG, is set to consolidate all three warehouses into a singular 30,000sqm depot in Lagos, as part of its profitability strategy in Nigeria.
Jumia’s gross merchandise value (GMV), that is, the total amount customers paid before deductions like fees, discounts, or returns, also surged by 5% year-over-year to $181 million.
Africa’s e-commerce giant, Jumia has released its earnings statement for the full year 2023, reporting a 64% decline year on year in its operating loss to $73 million.
Jumia has announced the appointment of Sunil Natraj as the new Chief Executive Officer for Nigeria effective from January, 1st 2024.