You are reading Factsheet, our series of specific guides on experiencing and using technology platforms in Africa. Whether you are looking for knowledge on getting your African film on Netflix, raising a seed round or finishing an online design course, we are covering all that. — OPay’s payments product is supposedly growing. It has been […]
For the second quarter, Jumia’s operating losses stood at €37.6 million, a 44% decrease year-on-year. The company has talked about cost efficiency in the last one year and backed its talk by cutting down its advertising spend to the lowest levels since 2017.
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 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 […]
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.
Jumia and Transsion, two of Africa’s largest tech businesses had their IPOs in 2019. But their fortunes have largely gone in opposite directions since.