Pan-African eCommerce firm Jumia has agreed to sell retailer Leroy Merlin’s products in West Africa. The agreement is part of Jumia’s plan to halve costs and extend its reach by the end of the year with the home improvement firm, as detailed by Bloomberg News Wednesday (March 22), Jumia CEO Francis...
Pan-African eCommerce giant Jumia is aggressively pursuing profitability by narrowing losses and growing monetization. In a report detailing its fourth quarter and full year 2022 results released Thursday (Feb. 16), the firm said its strategy to reduce losses and accelerate progress towards profitability is paying...
Since the concept was first popularized, the super app trend has continued to gain traction. In fact, Paypal wants to be one; so does Elon Musk’s Twitter. But stating an intention and realizing the vision of a single integrated mobile experience that spans multiple consumer...
eCommerce platform Jumia is closing its Dubai office to cut costs and focus on Africa. The move comes a little less than a month after the departure of founders Sacha Poignonnec and Jeremy Hodara, and is happening as the company takes on a larger series...
February 16, 2023
Pan-African eCommerce giant Jumia is aggressively pursuing profitability by narrowing losses and growing monetization. In a report detailing its fourth quarter and full year 2022 results released Thursday (Feb. 16), the firm said its strategy to reduce losses and accelerate progress towards profitability is paying off, with Q4 operation losses down 41% year over year […]
November 24, 2022
On the international stage, Thanksgiving is up there with baseball and the star-spangled banner as among the most instantly recognizable emblems of Americana by which the world identifies the United...
November 25, 2021
Black Friday might have started in the U.S., but the annual retail frenzy has exploded in popularity across the African region in recent years, with people flocking to take advantage...
May 17, 2021
In Africa, the pandemic has spurred consumers to make the move to online platforms, and as part of that move, transact digitally with their devices. Sami Louali, executive vice president...
March 22, 2023
Pan-African eCommerce firm Jumia has agreed to sell retailer Leroy Merlin’s products in West Africa. The agreement is part of Jumia’s plan to halve costs and extend its reach by the end of the year with the home improvement firm, as detailed by Bloomberg News Wednesday (March 22), Jumia CEO Francis Dufay told Bloomberg the company would sell Leroy Merlin’s tools and […]
December 04, 2022
eCommerce platform Jumia is closing its Dubai office to cut costs and focus on Africa. The move comes a little less than a month after the departure of founders Sacha...
November 07, 2022
African eCommerce platform Jumia is appointing a new acting CEO and executive board. The company revealed their plans to restructure the executive team, along with the news that co-founders and...
September 01, 2022
Pan-African eCommerce giant Jumia has teamed up with logistics company Zipline to deliver household goods to remote parts of Ghana via drone. According to media reports Thursday (Sept. 1), the...
