30 results
- 13 Jan 2022
Kwik Delivery Announces 400% GMV & Revenue Growth for 2021; Forecasts Aggressive Growth for 2022 As Customer Base Hits 100,000
Kwik Delivery, has announced that its GMV and revenue for 2021 grew by over 400% year on year. The platform also reached 100,000 B2B users. Kwik Delivery is a digital platform connecting delivery…
- 13 May 2019
Jumia Posts Strong First Quarter Results Amid Citron Accusation
Jumia Technologies has released its financial results for the quarter ended March 31, 2019. Jumia in a first quarter report made available on Monday shows strong momentum amid Citron Accusations.…
- 25 Feb 2021
Jumia Maintains 12% Gross Profit Increase YoY in Q4 Report
Africa’s leading ecommerce platform, Jumia has reported gross profit of €27.9 million, translating to a year-over-year increase of 12% in its 2020 Q4 and full year report released on Wednesday. The…
- 11 Feb 2026
Nigeria Market Powers Jumia’s Momentum as E-commerce Platform Demand Accelerates
Nigeria powered Jumia Technologies AG’s strongest growth in 2025, cementing its position as the company’s most important market as rising consumer demand, SME activity and logistics expansion boosted…
- 22 Aug 2019
Jumia Reports Strong Second Quarter 2019 Results
Jumia Technologies has announced its financial results for the quarter ended June 30, 2019. Jeremy Hodara, co-CEOs of Jumia, in a statement released on Thursday said, “We continue to deliver…
- 18 Aug 2020
Jumia Records 38% Profit Increase, as Active Users Hit 6.8million
Jumia recently announced its financial results for the quarter ended June 30, 2020 with the report showing significant progress on the path to profitability. In the highlight of the report, Jumia…
- 14 May 2021
Jumia Records Increase in Gross Profit in Q1 Report
Jumia, Africa's ecommerce market leader has released its 2021 quarter one report, recording 11% year-on-year gross profit increase, as adjusted EBITDA loss decreased by 24% year-over-year. The report…
- 20 May 2022
Jumia Sees Growth in First Quarter 2022 Results
Jumia Technologies AG (“Jumia” or the “Company”) announced its financial results for the first quarter ended March 31, 2022. “We kicked off 2022 with very strong growth momentum, closing the first…
- 15 Feb 2026
Jumia Targets Break-even in 2026 After Strong Q4 Surge
Pan-African e-commerce giant Jumia says it has moved decisively beyond survival mode after posting robust fourth-quarter 2025 earnings, with CEO Francis Dufay declaring the company is now entering a…
- 3 Dec 2025
Jumia’s Data Shows Nigerians Turning to Digital Retail to Navigate Inflation Pressures
As Black Friday 2025 unfolds across Nigeria, new insights from Jumia’s Q3 2025 financial results reveal that more Nigerians are relying on digital retail to navigate inflation and rising living…
- 31 Dec 2025
Jumia CEO says Black Friday Signals Nigeria’s E-Commerce Maturity
At the close of 2025, Temidayo Ojo, the CEO of Jumia Nigeria, reflected on a year-end shopping season that points to the growing maturity of the country’s e-commerce market. “Black Friday is no…
- 22 Nov 2022
Is Jumia on the Verge of a Shock Exit from Nigeria?
By Kameni Doe Long touted as the Amazon of Africa after a much-publicised listing on the New York Stock Exchange (NYSE) in 2019, Jumia has since contended with a reversal of fortunes, accentuated by…
- 15 May 2019
Jumia Refutes Fraud Allegation, Says Report Unfounded
Jumia Nigeria has refuted allegations made against it by a stock market analysis company, Citron Research as unverified, biased and aimed at damaging the image of the company. Juliet Anammah,…
- 11 Nov 2020
Jumia Records Gross Profit Increase, Decrease in Operating Loss
Pan African ecommerce platform, Jumia has reported a year-on-year gross profit increase of 22% in its 2020 Q3 report released on Tuesday. The report showed an improvement in the operating loss which…
- 23 Nov 2022
Konga Yakata: Nigerians Defy Economic Crunch, Target Smarter, Value Deals
Despite the prevailing global economic downturn and associated difficulties in the local economy, Nigerians have turned to Konga Yakata as a fitting avenue to shop great deals at best prices without…
- 16 Feb 2023
Jumia Lays off 20% Staff as Part of Plans to Reduce Losses
Jumia, Africa’s leading e-tailer, has taken major steps to reduce losses and accelerating progress towards profitability, even if it means selling to fewer customers. Francis Dufay Jumia, which…
- 13 Dec 2023
Jumia Food Exits Nigeria, Other African Markets
Jumia, the continent’s leading online retailer, announced that it will close Jumia Food, its food delivery service, by the end of December 2023, in a move that sent shockwaves through the African…
- 14 May 2024
Maad Raises $3.2m Seed Funding to Transform Francophone Africa's Retail Market
Maad, Francophone Africa's fastest-growing tech & logistics platform for informal retailers, today announced the successful completion of its $3.2 million seed funding round (debt & equity).…
- 16 Oct 2024
Jumia to Cease Operations in Non-Strategic Markets
Jumia Technologies, a leading e-commerce platform in Africa, has announced the planned closure of its operations in South Africa, operated under the brand name Zando, and Tunisia. The closure of…
- 11 Apr 2015
New Best Practices Guide Aim at ATM Malware
The ATM Industry Association has published a new best practices document to help the ATM deployers prevent malware attacks on their terminals, according to a press release from the association. "Best…
- 15 May 2026
Jumia Nigeria Records Strong Q1 2026 Growth as Technology-Led Strategy Drives Market Expansion
Jumia has announced strong first-quarter 2026 performance results, with Nigeria emerging as one of the company’s standout growth markets across Africa, reinforcing the country’s position as a…
- 17 Apr 2015
ATMIA Helps ATM Industry on Malware Attacks Prevention
To help the ATM industry prevent malware attacks on its terminals, the ATM Industry Association has published new guidelines called “Best Practices for Preventing ATM Malware, Black Box and…
- 8 Feb 2016
Jumia, AXA Partner to Provide Insurance Products to African
Africa Internet Group (“AIG”), a leading e-commerce group in Africa, and AXA, a worldwide leader in insurance and asset management, has announced a partnership whereby AXA will become the exclusive…
- 10 Feb 2016
AIG, AXA Ink Deal on Insurance Products & Services to African Customers
Africa Internet Group (“AIG”), a leading e-commerce group in Africa, and AXA, a worldwide leader in insurance and asset management, today announced a partnership whereby AXA will become the exclusive…
- 22 Jan 2019
Building Confidence in Nigeria’s Tough E-Commerce Market
By Sammy Lee Despite the positive projections and huge potential locked in Nigeria’s emerging e-commerce landscape, the sector is proving more than a tough nut to crack for the majority of players in…
- 12 Aug 2020
Jumia Records 10% Slid in Revenue
Revenues for African e-commerce heavyweight Jumia slid by 10% in the second quarter, dashing hopes that lockdowns aimed at stemming the spread of the new coronavirus would lead to a flood of online…
- 27 Oct 2021
E-commerce Report: Lagos Tops List of Cities With Most Orders on Jumia
Africa’s leading e-commerce platform, Jumia, has published its first Africa e-commerce report, Jumia Africa e-Commerce Index 2021 with a Nigerian section, which leveraged data from the company’s…
- 12 Dec 2021
Konga Yakata 2021 Records over 180% Growth
Konga, Nigeria’s leading e-commerce giant, has drawn the curtains on a hugely successful 2021 edition of its annual Black Friday sale tagged Konga Yakata, with the company witnessing a massive 180%…
- 13 Jan 2022
Fintech Farm Raises Late Seed Round of $7.4M to Launch Neobanks in 8 Countries
Fintech Farm, a British fintech company creating neobanks in emerging markets, has raised a $7.4M investment to develop its new project. The company is going to launch neobanks in 8 countries during…
- 2 Feb 2022
Future of Nigerian e-commerce: The Increasing Shift to Online Grocery Shopping
At its inception in Nigeria, e-commerce became a market for best deals and bargains on electronics and gadgets. Aside from the convenience and comfort of e-commerce, another factor that swayed the…