Jumia’s Revenue Falls 25% in Q2 2024, Set to Raise $100m to Improve Cash Position.

Getting your Trinity Audio player ready...

Jumia Technologies AG, Africa’s e-commerce giant, has reported its financial performance for the second quarter of 2024, revealing a complex interplay of challenges and strategic responses. The company’s revenue for Q2 2024 stood at $36.5 million, marking a significant decline of 25% from the previous quarter and 17% from the same period last year. This downturn is reflective of broader econom