Jumia

Three years ago, as lockdowns forced consumers to move much of their spending online, a golden age for e-commerce appeared to be dawning. Optimistic investors convinced that shoppers would keep buying on the internet, lifted valuations of…

African e-commerce group Jumia reported a 54% decrease in its operating loss in Q1 2023, resulting in a $31 million deficit. This was the company's lowest quarterly loss in over four years. The substantial reduction in losses was…

After years of impressive growth, global inflationary trends and increasing retail market patronage have impacted the revenue of the eCommerce industry, dropping $250 billion in the Year 2022, the first in the market's history. …

U.S. package delivery giant, UPS has sealed a partnership deal with Africa’s leading e-commerce platform, Jumia on delivery and pickup services in Nigeria, Kenya and Morocco in a pact that will increase the digital buyers to 520 million by…

Struggling e-commerce platform Jumia Technologies reported an almost 7 percent fall in first-quarter revenue due to supply chain disruptions, particularly in China, but saw lower cash burn and signs that lockdowns were hastening a shift…

OLADELE OGUNTIMEHIN  Millions of Nigerian online shoppers besieged Jumia on the first day of its Black Fridays campaign buying their favorites until midnight at up to 80% discount. The development, Jumia notes create a positive…