JUMIA

Total 17 Posts

E-commerce Venture Capital deals in Africa spiked during the second quarter of 2020

While challenges to adoption still exist, both in terms of customer preferences and inefficiencies in the market, e-commerce is beginning to generate traction both because of necessity and the presence of enabling technologies.

Rocket Internet has sold all its shares in Jumia

With several e-commerce companies across the continent having found it difficult to become profitable or even gain traction, the sale by Rocket Internet and possible sale by MTN Group could be interpreted as a vote of no confidence in the continent's e-commerce industry currently.

MTN sells equity in tower companies in Ghana and Uganda

MTN Group has sold its equity in tower companies in both Ghana and Uganda. The company has also explained that it still does not see Jumia as a long-term strategic asset for the Group.

The true size of Africa's e-commerce market

Even though e-commerce may not be thriving in many parts in Africa, it does not mean that people are not purchasing. We need to design e-commerce platforms that accommodate people who are not tech-savvy and are rarely online.

Marek Zmyslowski's new tell-all book sets the record straight

In his new tell-all book, Chasing Black Unicorns, Marek Zmyslowski sets the record straight on some of the controversy that followed him when running an online travel startup in Nigeria. He also writes about some of the lessons learned as a tech entrepreneur targeting African markets.

JUMIA admits to fraud as it reports Q2 2019 earnings

Having previously denied that the company had misrepresented its financials before its IPO, JUMIA has come out saying it has uncovered fraudulent sales and orders dating as far back as 2018. This was reported in the company's second-quarter results for 2019.

MTN Group to sell JUMIA shares

MTN Group has told iAfrikan that it is more focussed on its commercial relationship with JUMIA rather than holding onto its shareholding. Further reiterating that it is looking to liquidate its e-commerce investments.