Jumia latest news

Here are some of the latest news and updates about Jumia:

Recent News

  1. Jumia's Q4 2022 Results: Jumia, the largest e-commerce platform in Africa, has released its Q4 2022 results, showing a significant decline in revenue and a widening loss. The company's revenue fell by 14% year-over-year to $144.4 million, while its net loss widened to $143.4 million. (Source: Bloomberg)
  2. Jumia's New Logistics Hub in Kenya: Jumia has launched a new logistics hub in Nairobi, Kenya, aimed at improving its delivery services and reducing costs. The hub will serve as a central location for sorting and dispatching packages across the country. (Source: Business Daily Africa)
  3. Jumia's Partnership with Mastercard: Jumia has partnered with Mastercard to launch a new digital payment solution in Africa. The solution will enable customers to make online payments using their Mastercard cards. (Source: Business Insider Africa)
  4. Jumia's Expansion into New Markets: Jumia has announced plans to expand its operations into new markets in Africa, including Ghana, Senegal, and Tanzania. The company aims to increase its presence in the region and improve its services. (Source: African Business Magazine)
  5. Jumia's Sustainability Efforts: Jumia has launched a new sustainability initiative aimed at reducing its environmental impact. The initiative includes reducing packaging waste, increasing the use of renewable energy, and promoting sustainable logistics practices. (Source: Jumia Newsroom)

Recent Developments

  1. Jumia's Stock Price: Jumia's stock price has been volatile in recent months, with the company's shares falling by over 50% in the past year. The decline is attributed to concerns over the company's financial performance and the competitive landscape in the African e-commerce market. (Source: Yahoo Finance)
  2. Jumia's Competition: Jumia faces intense competition in the African e-commerce market, with other players such as Konga, Takealot, and MallforAfrica vying for market share. The company is focusing on improving its services and expanding its offerings to stay ahead of the competition. (Source: TechCrunch)
  3. Jumia's Funding: Jumia has received significant funding from investors, including the German retailer Metro AG and the investment firm Rocket Internet. The company has used this funding to expand its operations and improve its services. (Source: Reuters)

I hope this information is helpful!