ecommerce

Jumia has lost $120m so far in 2019, admits it has a fraud problem

Jumia’s new aggressive drive towards profitability over growth has a new casualty: its hotel and flight services vertical Jumia Travel will be offloaded, effective immediately.  “We have decided to enter into a partnership with our partner, Travelstart. While we will continue to promote the Travel category, Travelstart will be responsible for the operational side of […]

Jumia shuts down operations in Tanzania as it pursues profitability
Business, ecosystem, FinTech, Government, long reads, News, Policy, startups, Technology
28th November 2019

Jumia has shut down its e-commerce business in Tanzania. Users in the country will no longer be able to buy and sell goods from the retailer’s website, Jumia.tz. In a statement to TechCabal, Jumia said its Tanzanian exit is “part of ongoing portfolio optimization efforts.” “While Tanzania has strong potential and we’re proud of the […]



TechCabal is a Big Cabal Media brand



Copyright © 2020
All rights reserved

Privacy & Terms