Search Results for: jumia

Jumia just suspended operations in Tanzania

Reporst indicate that Jumia has suspended operations in another African country, just a few days after word got out that the biggest e-commerce player in Africa, Jumia, had quit its core e-commerce business in Cameroon, the company seems to have continued in that path by abandoning yet another African market. According to a report, it […]

So long, Cameroon! Africa retailer Jumia suspends e-commerce in troubled country

Online retailer Jumia Technologies has said on Monday that is has suspended its e-commerce platform activities in Cameroon because they were “not suitable” for the African state. Its share price hit a record low of $4.96 after Reuters reported the suspension on Monday, said it would continue supporting buyers and vendors in Cameroon using its […]

Jumia might be on the verge of a collapse

Venture Beat reports that Jumia online store, 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. […]

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 […]