30 results
- 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…
- 26 Sept 2023
The Rising Stars: 7 Unicorns Shaking the African Continent
The African continent has been experiencing a surge in the number of startups that are making waves across various industries. These startups, popularly referred to as unicorns, are companies that…
- 2 Dec 2014
Jumia Reveals Top 3 Most Sold Items on Black Friday, 1.5m Patronised Site
Jumia, said that within 24 hours, it reached an all-time peak in sales as tens of orders were placed on the website every second, seeing an extraordinary tenfold increase in total number of orders…
- 22 Jan 2020
Jumia Looks to Services, Platforms to Halt Slide
Jumia Technologies, which last year became Africa’s first tech firm to list in New York, will focus on proving it can turn a profit after a bruising 2019, one of its co-founders told Reuters. Jeremy…
- 29 Dec 2015
Juliet Anammah Takes over CEO of Jumia
Jumia, e-commerce leader in Africa has formalized the appointment of Mrs Juliet Anammah as the head of Jumia Nigeria, Africa Internet Group’s (AIG) biggest company on the continent. Juliet is taking…
- 27 Aug 2013
Jumia Launches Mobile App in Nigeria, Others
JUMIA, West-Africa’s No.1 shopping destination, has launched its App in Nigeria, Morocco, Ivory Coast and Kenya. JUMIA’s App is available for all Android phones – enforcing m-commerce in Africa. With…
- 23 Oct 2013
Jumia Supports Breast Cancer Foundation with Pink Week
Jumia, Nigeria’s leading online retailer and this year’s world retail award winner, partners with 234Give to support the International Cancer Month. A substantial percentage of proceedings made…
- 30 Oct 2013
MTN, Jumia Partnership Excites Customers with Free Internet Access
Jumia has announced another big partnership with MTN Nigeria to bring Jumia Customers a Better Experience. The Partnership is to promote Internet on mobile devices especially on smart-phones, which…
- 9 Dec 2013
DHL Hands Out Tips for Buying Online this Festive Season
With the increased availability of broadband access, more affordable data costs offered by mobile operators and the consistent development of mobile devices, online shopping is gaining great traction…
- 31 Jan 2014
JUMIA Unveils New CEOs, Wins @ BJAN Awards
JUMIA, Nigeria’s number one online retailer has announced its new CEOs; Nicolas Martin and Jérémy Doutté. Similarly, the online retailer has received the best Online Retail Brand of the year award at…
- 26 Nov 2014
JUMIA Secures EUR 120m in Funding
Jumia announced a new round of investments amounting to EUR 120 million. These investments, which were made by existing shareholders, strengthen the company's position as the leading online retailer…
- 5 Jan 2015
Jumia Nigeria Flaunts Achievements in 2014
The year 2014 has been a record breaking year for e-commerce and Jumia in Nigeria, and to end the year, the Jumia team released an infographic with facts, figures and records broken in 2014. Since…
- 25 Oct 2015
Jumia Unveils Vendor-Friendly Redesigned Website
Jumia, leading online shopping destination in Africa, has today launched its newly redesigned website jumia.com to its entire African customers. From now on, jumia.com offers a cleaner…
- 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…
- 3 Mar 2016
Africa Internet Group Secures €300M from Goldman Sachs, Others
Africa Internet Group (AIG), the parent of Jumia, the leading ecommerce platform in Africa, has secured more than Euro 300 million in funding from new and existing investors, including the previously…
- 6 Apr 2016
Orange Doles Out £7m, Invests in African e-commerce Giant 'AIG'
Orange has announced the acquisition of a 75 million-euro equity interest in Africa Internet Group, joining AXA, Goldman Sachs and longstanding investors MTN Group, Millicom and Rocket…
- 7 Mar 2013
Jumia, Nigeria’s Largest e-Commerce Retailer Gets 20m Euros Funding from Summit Partners
Jumia, Africa’s largest and fastest-growing e-commerce retailer with websites in Nigeria and in Egypt and Morocco, has announced that it has received an investment of €20 million from leading growth…
- 26 May 2017
Jumia Joins Forces with Mastercard to Deliver Cashless e-Commerce in Africa
Africa’s online retail sector presents an exciting opportunity for retailers to grow their businesses by connecting with new customers. According to Jumia, Africa’s number one online retailer, the…
- 5 Mar 2019
Golden State Warriors’ Andre Iguodala Joins Jumia Board of Directors
Leading e-commerce platform in Africa announces the addition of the NBA player and tech “ambassador” on its board. Andre Iguodala, a member of the three-time reigning NBA champion Golden State…
- 12 Apr 2019
Jumia lists on the New York Stock Exchange
Jumia Technologies, the leading pan-African e-commerce platform, has officially announced its listing on the New York Stock Exchange. This listing is the result of a team success, and all the…
- 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.…
- 5 Aug 2020
MTN Seeking to Sell Stake in Jumia
MTN Group is planning to sell part or all of its $243 million interest in Jumia Technologies AG as Africa’s biggest wireless carrier looks to pay down debt and enter new markets, according to people…
- 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…
- 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…
- 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…
- 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…
- 13 Dec 2021
Jumia Joins FIA Road Safety Programme, To Distribute 7000 Helmets To Delivery Associates
Jumia Expands Safety Commitment with New Programme to Provide UN ECE 22.05 Certified Helmets to Delivery Associates in its 8 markets in Africa. In support of United Nations Safety Standards, Jumia,…
- 11 May 2022
Jumia Shares First ESG Report Highlighting its Current Sustainability Practices
Jumia yesterday released its first Environmental Social Governance Report outlining its ESG strategy alongside an overview of current sustainability practices at Jumia. The report draws on Jumia’s…
- 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…
- 12 Jun 2022
Techpreneurs Must Avoid Jumia, Konga Strategies to Survive
By Prof. Evans Stevenson E-commerce in Nigeria has often been touted as a difficult terrain and not for the faint-hearted. This position is backed up by concrete facts and verifiable evidence,…