Search Results for: jumia

Jumia might be on the verge of a collapse, MTN not selling stake share

Venture Beat reports that Jumia, one of Nigeria’s largest online retailers has allegedly laid off 300 of its workers in Nigeria, which accounts for about 30% of its 1000-person workforce in Nigeria. This has raised concerns as to whether the end is near for the online retailer and what this could mean for the Rocket-funded e-commerce outfit. The major […]

Jumia plunges into Sh14 billion loss

E-commerce company Jumia has sunk deeper in the red, posting a Sh14.9 billion loss before tax and other costs in the year ended December compared to Sh11.3 billion a year earlier. The loss does not give an indication of the company’s bottom-line as it excludes most of the standard business expenses including finance costs, depreciation […]

Jumia gives up its Amazon model in Rwanda, goes all out into C2C classifieds

Rocket Internet-backed Jumia Rwanda, an online shopping site has ditched its business to consumer (B2C) online retail and later its ‘Amazon’ model in Rwanda for a pure consumer to consumer (C2C) classifieds site. The firm gave up the e-tail model a few months back and instead of closing shop totally it decided to trade as […]

Jumia global launches to compete with MallforAfrica

Photo Credits: Many sites have sprouted across cities to help buyers in Africa purchase just about anything from hundreds of overseas E-Commerce stores and have it delivered back home either in Accra, Lagos, Nairobi or in between. Sites like Kenya’s Vitumob, Box, Savostore, Box, Kentexcargo among others have been fulfilling their customer needs just fine […]