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Jumia cuts operating loss by 64% amid revenue decline

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Africa’s e-commerce giant, Jumia has released its earnings statement for the full year 2023, reporting a 64% decline year on year in its operating...

Jumia to roll out Musk’s Starlink across Africa

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Elon Musk’s SpaceX is partnering with Africa's e-commerce giant, Jumia Technologies to expand its satellite broadband services in Africa.Jumia, which has Pernod Ricard and...

Jumia suspends Prime services

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Africa’s Amazon, Jumia has been having a good year, but is has announced it is suspended Jumia Prime service and its attendant unlimited free deliveries...

Jumia, Coca-Cola partner to provide online shopping for consumers in Africa

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Jumia, the leading e-commerce platform in Africa, has today announced a partnership with Coca-Cola Africa Operating Unit to offer consumers access to Coca-Cola products from...

Jumia, Zipline test drones for deliveries in Ghana, gears up for...

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African e-commerce giant Jumia has announced a new partnership with instant delivery service Zipline, which owns a fleet of lightweight delivery drones, to work...

Jumia marks a decade of e-commerce in Ghana

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Jumia, an African technology company, celebrated 10 years of operating in Ghana through e-commerce. The company’s anniversary which is themed ‘‘10 years with you’’, will...

Jumia gets payment service provider license in Nigeria

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Jumia has been granted its Payment Service Solution Provider (PSSP) License for JumiaPay in Nigeria.In its Q1 2022 financial report released Tuesday, the e-commerce giant...

Jumia records losses in Q2

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African e-commerce giant Jumia today has its second-quarter financial performance, showing continued losses.  The company recorded a decline in operating losses and adjusted EBITDA in...

MTN Group makes over US$142 million from Jumia stake sale

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MTN Group has announced the sale of its stake in Jumia, one of Africa’s largest eCommerce firms, making slightly over US$142 million for the...

MTN to sell stake in Jumia, IHS Towers

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The MTN Group, one of Africa’s largest telecom providers, is reportedly taking steps to offload some assets with plans to sell its stake in...
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