By Temitope Adebayo Jumia has projected a growth in its topline despite macroeconomic headwinds expected to persist in 2024. The company forecasted a return to topline growth in both orders and GMV, excluding potential foreign exchange impacts. This confidence stems from their unwavering commitment to their growth strategy, which includes several key priorities: executing the […]
MTN Group plans to sell part or all of its $243m (R4.1bn) interest in Jumia Technologies as part of its strategy to pay off its debts and expand into new markets. The group, which had previously marked the online retailer as a non-core business, is reviving plans for a sale after Jumia’s shares surged 142 […]
As the world celebrates the 2020 International Women’s Day on March 8, Jumia Nigeria has disclosed that the company prioritised women empowerment both internally and for sellers on its platform, 50% of whom are women. Aligned with the United Nations Women’s multigenerational campaign, this year’s International Women’s Day is themed” I am Generation Equality: […]
Two workers of Jumia Nigeria alleged to have stolen N3.8 million from the company were on Tuesday docked before an Ikeja Chief Magistrates’ Court. Olatunde Temitope, 23; and Lawal Akinkunmi, 23; are being tried for conspiracy and stealing. Farmer 32, bags two-year imprisonment for housebreaking The Prosecutor, Insp. Victor Eruade, told the court that the […]
Lagos – The chief executive officer of Jumia Nigeria, Mrs Juliet Anammah has stated that Keke Napep (Tricycle) is one of the bizarre things Nigerians searched for on the platform during the weeks leading up to the company’s Black Friday campaign slated for Friday, November 29th, 2019. This, according to her, is an affirmation of […]
The chief executive officer of Jumia Nigeria, Juliet Anammah has identified access to quality education as a key to managing huge population for productive economy. According to her, there is a need for policies that support micro industries in order to tackle unemployment. “Providing unemployed youths with internet-enabled smartphones is one of the infrastructure that […]
…Eyes $1.1b from asset sales As part of efforts to raise at least $1.1 billion from asset sales and cement its financial base, MTN Group has agreed to sell its 53 per cent stake in Botwana’s Mascom to Econet wireless Zimbabwe Ltd. for $300 million. This is coming on the back of the announcement by […]
The Estée Lauder Companies (www.ELcompanies.com) has partnered with Jumia (www.Jumia.com.ng) the leading online retailer in Nigeria to launch for the first time three of the Company’s brands – Clinique, Estée Lauder and Aramis. “With this new partnership on the Jumia platform customers and beauty enthusiasts all over Nigeria can now access the premium products from […]