e-commerce Archives – CEO East Africa

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

by Jonathan N. LubwamaCompany News Global News ICT Industry & Analysis Startups The Big StoryAugust 7, 2024August 7, 2024

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…

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Absa Bank Uganda and DHL builds capacity of 200 SMEs in Jinja City to enhance export trade, more SMEs in 7 cities set to benefit

by Paul MurungiCompany News News & AnalysisJune 8, 2024June 8, 2024

DHL, a global leader in logistics in collaboration with Absa Bank Uganda under the 2024 ‘Growing Beyond Borders’ entrepreneurial training programme have trained over 200 SME’s in Jinja to build their capacity to access export markets. The overall objective of the program is to empower Small and Medium Enterprises (SMEs) in…

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Jumia’s Q1 2023 Financials: Losses Fell by More Than 50% Despite a 22% Drop in Active Users.

by Jonathan N. LubwamaICT Industry & Analysis News & Analysis StartupsMay 25, 2023June 6, 2023

Africa’s leading e-commerce platform, Jumia, recently recorded strong financial growth in the first quarter of 2023. This happened under her new leadership led by Francis Dufay who became full-time CEO in February 2023. Through a restructured approach and strategic cost-cutting measures, Jumia has achieved significant loss reduction, which represents a…

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How e-commerce startup Kweli.shop is helping solve Uganda’s counterfeits problem

by Jonathan N. LubwamaCompany News News & AnalysisFebruary 16, 2023February 16, 2023

In 2018, the Uganda National Bureau of Standards (UNBS), conducted an operation in Kampala. It raided two prominent malls; Energy Centre and Light Centre Arcade. The majority of the shops in these two malls sell electronics. At the end of its operation, UNBS concluded that 80% of all electronics sold…

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The story of Ron Kawamara, Uganda’s ‘father’ of e-commerce

by Muhereza KyamuteteraNews & Analysis Q + As The Big Story Thought LeadershipDecember 12, 2022December 12, 2022

For starters, who is Ron Kawamara? Where does your story start? Ron is a husband and a father to a 4-year-old daughter. I was born in Fort Portal to a family of nine children. I attended Buhinga Primary School in Fort Portal and later Ntare School for my O’Level. After my…

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