Jumia Kenya has begun offering its logistics service to external clients. Previously, its logistics service exclusively supported its e-commerce and food delivery business. Jumia's logistics network comprises several logistics entrepreneurs and companies including big players like POSTA and Wells Fargo with thousands of bikes, vans and hundreds of pick up stations.
This move is the latest in Jumia's quest to find new revenue sources as it continues to record losses. As its losses reached $1 billion in Q2 2019, CEO Sacha Poignonnec and CFO Antoine Maillet-Mezeray stressed the need to diversify Jumia’s revenue sources. It first turned to its digital payment service JumiaPay and has since launched different services in some of its locations including advertising services in Kenya and subscription-based delivery service in Nigeria.
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