Jumia to end food delivery across seven markets | ANG
  • February 21, 2024

Zimbabwe starts an emergency polio vaccination drive due to rare mutation

Zimbabwe began an emergency campaign to inoculate more than 4 million children against polio on Tuesday after health authorities detected three cases caused by the rare mutation of the weakened virus …

Nigeria’s defense chief accuses nations withholding arms sales over abuses of ‘double standards’

Nigeria’s defense chief expressed frustration Tuesday with what he called the “double standards” of some countries that won’t sell his military weapons because of human rights concerns. Gen. Christopher Musa’s comment …

at least 24 dead in 2 ADF attacks in DRC

Extremist rebels in eastern Democratic Republic of Congo have killed at least two dozen civilians in separate attacks this week, local authorities and a civil society group said Tuesday. Allied Democratic …

One of Africa’s leading e-commerce platforms Jumia Technologies will reportedly cease its food delivery operations across 7 markets by the end of this month.

Reuters reported Wednesday (Dec. 13) that the company will instead focus on growing its core online retail business.

Jumia Food represented about 11% of Jumia’s general merchandise value for the nine months ended Sept. 30.

The food delivery service currently operates in Nigeria, Kenya, Uganda, Morocco, Tunisia, Algeria and Ivory Coast.

Jumia has been cutting costs in order to turn profitable.

The company which was founded in 2012 was dubbed the“the Amazon of Africa.”

In April 2019, it became the first tech stock from the continent to list on Wall Street.

In mid-November, news website Teh crunch reported that Jumia’s customers sit around 2.3 million, down 24.3% from the 3rd quarter of 2022. On a more positive note, the firm reported its lowest losses since its initial public offering at the New York Stock Exchange (NYSE).

Leave a Reply

Your email address will not be published. Required fields are marked *