Jumia unveils EUR 244 million Rights Issue to boost expansion
Jumia Technologies AG, the leading e-commerce platform in Africa, announced plans on Tuesday to raise EUR 244 million ($268 million) ...
Tag: Jumia
news and analysis about Jumia
Jumia records $20.2 million operating loss in Q2 2024 as revenue decline
Africa’s e-commerce group, Jumia, posted a $20.2 million operating loss in Q2 2024 amid a 17% decline in revenue.
Jumia to consolidate all 3 warehouses into singular 30,000sqm depot in Lagos
E-commerce juggernaut, Jumia Technologies AG, is set to consolidate all three warehouses into a singular 30,000sqm depot in Lagos, as ...
Jumia’s operating losses falls to $8.3 million in first quarter
Jumia’s gross merchandise value (GMV), that is, the total amount customers paid before deductions like fees, discounts, or returns, also ...
Jumia cuts operating loss by 64% amid revenue decline
Africa’s e-commerce giant, Jumia has released its earnings statement for the full year 2023, reporting a 64% decline year on ...
Jumia appoints Sunil Natraj as new CEO for Nigeria
Jumia has announced the appointment of Sunil Natraj as the new Chief Executive Officer for Nigeria effective from January, 1st ...
Jumia loses 1 million customers to high inflation in Nigeria, others
Africa’s e-commerce giant, Jumia, has released its Q2 2023 financial results, showing a 28.1% decline in its customer base as ...
Jumia records 54% decline in operating loss in Q1 2023
Africa’s e-commerce group, Jumia, recorded a 54% decline year-on-year in its operating loss in Q1 2023, resulting in a $31 ...
WEEKLY ROUNDUP: Jumia finally laid off 900 workers as Tizeti coincidentally began mass recruitment
In a tense week characterised by cash shortages ahead of Nigeria's presidential election, some commercial banks were vandalised even as ...
Jumia lays off 900 workers as part of strategies to cut losses
Jumia has slashed 20% of its workforce in a layoff exercise that saw the exit of 900 people from the ...
