Thanks to scandals, the e-commerce company has had a rocky year since it listed on the New York Stock Exchange in April. But its Q3 report is a bit of a mixed bag.
Africa-focused e-commerce company, Jumia has released its financial report for the second quarter (Q2) of 2019. This is the company’s second financial report since it became a publicly-traded company, and there are a lot of sides to the earnings report. Here’s what we know.
In a recent interview, Babatunde Fowler, the Chairman of the Federal Inland Revenue Service (FIRS), disclosed that his agency is considering imposing a new tax specifically for e-commerce.
Jumia Prime is designed to reduce delivery costs for frequent Jumia customers. It also aims to turn infrequent and first-time customers to repeat buyers.
Overall, my first online international shopping experience was good, but I think that international logistics is still super fragmented.
With its plethora of infrastructural challenges and hostile business environments, Africa stands to gain a lot from hybridized business models such as fulfillment.