Jumia plans to spin off logistics and payment unit in a bid to become profitable

Jumia Technologies is laying out longer-term plans to spin off divisions and enter new countries.

Q3 ’19: Jumia grows revenue by 52%, Five gone, more to follow as Jumia shuts down Tanzania operation for 2022 projection

Jumia sees competition from startups in growing African e-commerce market

by Chike Olisah

August 15, 2020

Investors have experienced a couple of twists and turn since the stock debuted in New York.

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MTN seeking to sell stake in Jumia Technologies AG

by Olumide Adesina

August 6, 2020

MTN has been trying to dispose of its non-core assets to minimize debt and open new markets.

Jumia loses its leadership status, sheds $2.6 billion market cap , Jumia CEOs to take salary cut, create solidary fund to support workers

Jumia CEOs to take salary cut, create support fund for workers

by Fakoyejo Olalekan

April 5, 2020

The two CEOs of Jumia Group, Jeremy Hodara and Sacha Poignonnec will be taking a salary cut to support their workers amidst the Coronavirus pandemic.

Q3 ’19: Jumia grows revenue by 52%

by Op-Ed Contributor

November 14, 2019

Jumia's global business has continued to show an improvement quarter on as it recorded significant increase across its major financial ...

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DEAL: Jumia has sold its real estate assets portal to EMPG’s Mubawab

by Damilare Famuyiwa

June 20, 2019

Dubai-based Emerging Markets Property Group (EMPG), Mubawab has secured the purchase of Jumia's North-African real estate portal, Jumia House.

MTN Group considering sale of its 40% stake in Jumia

by Emmanuel Abara Benson

August 19, 2018

The company is said to be in need of money to offset its $4.8 billion worth of debts.

Tag: Sacha Poignonnec