30 results
- 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…
- 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…
- 24 Jul 2013
Easy Taxi Starts Global Rollout with Nigeria
Easy Taxi, one of the world’s largest mobile Taxi apps has announced its global expansion in Asia, Africa and the Middle East. After receiving an additional funding of $10 million from Rocket…
- 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…
- 21 Jun 2014
Lamudi Unwraps Real Estate Mobile App
Lamudi.com, global leading real estate portal, has taken the wrapper off the world-first mobile app, on Android, for house-hunters, available in Nigeria and 27 emerging markets worldwide. Lamudi…
- 25 Jul 2014
Lamudi App Now Available On iOS
Lamudi App Now Available On iOS By peter ugwu Leading property portal Lamudi has launched its iOS app in Nigeria as the company seeks to capture the growing smartphone market in the country. The…
- 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…
- 27 Mar 2015
AIG nominated for International Corporation of the Year Award
The Africa CEO forum is a high profile annual event for African Business leaders where awards are presented to deserving organisations operating across the continent. This year, the third edition of…
- 19 May 2015
AIG Express Eyes New 100,000 Jobs via Jumia, Kaymu Partnership
AIG Express, a brainchild of Jumia and Kaymu, Africa’s leading e-commerce marketplaces, has set its first goal anchored on creating about 100,000 jobs in logistic services. The new joint initiative…
- 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…
- 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…
- 24 Jun 2016
Jumia Becomes One Stop Online Destination in Africa
Africa Internet Group is connecting its companies into Jumia’s ecosystem with a new vision, "Expand your horizons". The new Jumia ecosystem will give access to products and services from its 8…
- 6 Jul 2017
Jumia, Africa’s Unicorn Startup Among MIT Top 50 Smartest Companies
Massachusetts Institute of Technology (MIT) has named Jumia Group (formerly Africa Internet Group) in the list of MIT’s 50 smartest companies - 2017 for the second consecutive year. Each year, MIT…
- 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…
- 29 Mar 2019
Mastercard to Buy Shares in Jumia
Mastercard has expressed its intention to become a shareholder in Jumia, a pan-African e-commerce platform, in order to grow e-commerce operations and support the digital transformation in Africa.…
- 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…
- 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…
- 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…
- 15 Jul 2013
JUMIA Gathers Industry Heavyweights to Discuss e-Commerce in Nigeria
Mrs. Omobola Johnson, minister for Communications Technology has addressed the possibilities that lay in the new technological developments and said that eCommerce and ICT are the engine of growth.…