The e-commerce company, Jumia hit a record market capitalization of $4.6 billion.
At this time last year, the company’s market cap was less than $1 billion. What’s spurring Jumia’s market rally?
Events, people
When someone in the event’s chat room says “then stop introducing yourselves as the Amazon of Africa,” Klein responded, “We never called ourselves the Amazon of Africa. We call ourselves Jumia.”
Cameroon’s strange and short-lived phone tax law NOVEMBER 1, 2020 This newsletter is a weekly in-depth analysis of tech and innovation in Africa that will serve as a post-pandemic guide. Subscribe here to get it directly in your inbox every Sunday at 3 pm WAT. Hello, As I write this, the Jumia shares on my […]
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 […]