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JUMIA
news and analysis about Jumia
Africa’s e-commerce giant, Jumia, has released its Q2 2023 financial results, showing a 28.1% decline in its customer base as inflation bites harder in its major operating markets including Nigeria, Ghana, and Egypt.
Africa’s e-commerce group, Jumia, recorded a 54% decline year-on-year in its operating loss in Q1 2023, resulting in a $31 million deficit at the end of the quarter.
In a tense week characterised by cash shortages ahead of Nigeria's presidential election, some commercial banks were vandalised even as Jumia announced mass layoffs
Jumia has slashed 20% of its workforce in a layoff exercise that saw the exit of 900 people from the company.
It's time to summarise the main company news stories that dominated the headlines last week
Let's summarise the major company news stories that dominated the headlines during the week that ended November 26, 2022
The e-commerce managed to reduce its operating loss by 33% from $64 million to $43.2 million as of Q3 2022
Francis Dufay, who previously held the CEO role at Jumia Ivory Coast, will now replace both co-founders as acting CEO
Africa’s leading e-commerce platform, Jumia, has announced the launch of the 2022 edition of its Black Friday shopping...
He also claimed that the cost of data has crashed from N1,200 per GB in 2019 to about N360 today
Leading e-commerce platform, Jumia, has been recognised for its innovation and service delivery at the prestigious GAGE Awards.
Copying the strategies that made Jumia and Konga popular may seem like an easy deal but it may not be sustainable in the long run.