Jumia

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

by Jon LubwamaCompany NewsGlobal NewsICTIndustry & AnalysisStartupsThe 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…

BREAKING: Jumia to close its unprofitable food delivery business this month

by Muhereza KyamuteteraNews & AnalysisThe Big StoryDecember 14, 2023December 14, 2023

Jumia Technologies, a pan-African e-commerce platform, has announced plans to close its food delivery business, Jumia Food. In a statement, the company said that it “will continue to operate its…

CEO East Africa Explains: The Startup Playbook. How Startups Are Built.

by Jon LubwamaFintechsICTStartupsThe Big StorySeptember 20, 2023September 20, 2023

Building a startup is an endeavour that is as challenging as it is rewarding. It is a journey that is fraught with uncertainty, risk, and the potential for failure. The…

Jumia Q2 2023 Report Highlights Reduced Losses amidst Challenging Economic Conditions.

by Jon LubwamaICTStartupsThe Big StoryAugust 16, 2023August 21, 2023

In the e-commerce sector, the ability to improve operational efficiency and achieve profitability is the pulse that beats within every organization’s heart. But for most e-commerce startups, including Jumia, it…

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

by Jon LubwamaICTIndustry & AnalysisNews & AnalysisStartupsMay 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…

Jumia Uganda gets new CEO

by Nelson NambooleCompany NewsNews & AnalysisNovember 11, 2022November 11, 2022

Jumia, Africa’s leading e-commerce platform, has announced the appointment of Vinod Goel, as Uganda’s new Chief Executive Officer. Vinod takes over the leadership mantle from former CEO, Ron Kawamara who…

Three Ugandan Startups Named in the 100 Most Funded African Startups

by CEO ReporterNews & AnalysisNovember 4, 2022November 8, 2022

Ugandan fintechs Chipper Cash, Tugende and Asaak have been named in the top 100 Most Funded African Startups in research compiled by Digest Africa, a Pan-African data and intelligence startup…

E-Trade is the new normal – Minister commends e-commerce firms as they launch umbrella association

by Nelson NambooleNews & AnalysisSeptember 26, 2022September 26, 2022

  E-commerce firms in Uganda have officially launched their umbrella, E-Trade and Startup Association of Uganda, a rational initiative that helps organizations and startups unlock the potential of the trade….

Stanbic Bank offers free delivery for customers shopping on Jumia Uganda

by CEO ReporterCompany NewsNews & AnalysisOctober 13, 2021October 13, 2021

Jumia, a leading e-commerce firm, has announced a partnership with Stanbic Bank that will see all consumers that pay using  Stanbic Visa card get free delivery on all items purchased…

MTN earns UGX533b from Jumia Stake Sale as the telecom moves to consolidate mobile technology in Africa

by CEO ReporterCompany NewsNovember 2, 2020November 2, 2020

On Friday October 30, 2020, MTN announced the sale of its 18.9% stake in Jumia, a deal which earned the telecom giant in the excess of UGX533b (US$142.31 million). According…