The founders and co-Chief Executive Officers of Jumia Technologies, Sacha Poignonnec, and Jeremy Hodara, have both stepped down from their position with immediate effect. Eko Hot Blog reports that this comes as the Africa-focused e-commerce group is struggling with persistent losses and a slumping share price. EDITOR’S PICKS I Won’t Condone Any Act Of Recklessness, … Read more
Jumia has launched a quick commerce platform in Lagos EKO HOT BLOG reports that the E-commerce platform, Jumia has announced the launch of a quick commerce platform in Nigeria titled ‘Jumia Food Mart’ to meet increased consumer demand for rapid delivery. EDITOR’S PICK Tinubu Reveals Meeting Details With Obasanjo In Abeokuta JUST IN: … Read more
Jumia, Africa’s leading e-commerce platform and Mastercard, a leader in global payments, and a technology company is set to promote social distancing to stop the spread of coronavirus in Nigeria by rewarding their customers. According to reports, only consumers who purchase essential products using their Mastercard on the Jumia platform will receive up to a … Read more
Jumia has recorded a €2.5 million profit as consumers reach a record high of 6.4 million. The report released by the company stated that the €2.5m gross profit was reached after the fulfillment of all expenses including taxes, levies, and others, while its monetization development increased its gross profit to €18.4m, a year-over-year increase of … Read more
Online retailer Jumia Technologies, often called “the Amazon of Africa”, said it suspended its e-commerce platform activities in Cameroon on Monday because it is not suitable for the country. Its shares have tumbled from its Wall Street initial public offering price of 14.50 dollars in April, hitting a record low of 5.10 dollars on Monday … Read more
Jumia and Mastercard are partnering to increase the platform’s investment, grow the e-commerce sector and as well support digital transformation in the continent. According to Jumia, under the new agreement, the two companies will look to build on MasterCard’s presence across Africa, bringing its deep knowledge and expertise in payment solutions and technologies to spark … Read more