Jumia Records 12% Gross Profit in Q4, Reducing Loss by 47%

E-commerce firm Jumia released its Q4 report on Wednesday showing 12% gross profit increase year-on-year despite pandemic-induced market woes. Although compared to 2019, the growth was slower; the online marketplace reported adjusted EBITDA loss decreased by 47% year-on-year. Highlights of…
Jumia Evolves – To Spin off Logistics and Payment

Jumia’s stock has accelerated by over 500% in the last 12 months. Jumia has also strategically cashed out when it unloaded more shares. There is no better party than what Jumia is having when it comes to Africa-operating companies! But…
Big Party In The Jumia World

Red shorts for all those shorters in the Jumia world. I do think most are coming clean. And in Lagos, I hope Jumia has ordered a drum of zobo for staff and associates. Where is Interswitch? Where is Andela? And…