Mixed quarterly results for Jumia
Profit, customers up, but GMV drops by 13% compared to same period last year.
Staff Writer
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5:00
2:10
Jumia, Konga go big on anniversary campaigns
E-commerce firms initiate tailored consumer campaigns to mark eight years in operation.
3:00
Jumia launches portal in SA for essential products
E-commerce firm partners with several brands including Reckitt Benckiser and Procter & Gamble.
2:20
Jumia raises US$196-million in landmark New York IPO
Mixed reaction from the continent's broader tech market.
1:50
Jumia losses grow in spite of sales increase
Jumia saw losses increase by 107.9% to hit EUR39.4 million.
2:30
Jumia reached 1bn visit landmark in 2017
Events like Black Friday have helped to secure the increase, according to the company.
1:40
Jumia launches lending programme for vendors
CEO reiterates that those financed will not be 'locked in' and will be free to supply other platforms.
2:00
AIG secures €300-million from investors
MTN, Rocket Internet, AXA and Goldman Sachs commit to cash injection based on impressive performance by Jumia.
2:10
JUMIA secures EUR 120 million funding
JUMIA has announced a new round of investments amounting to EUR 120 million.