JUMIA

Total 11 Posts

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.

DHL Africa eShop expanded

DHL has expanded their e-commerce offering, DHL Africa eShop, to cover 20 African countries allowing consumers to shop on hundreds on USA and UK online stores and get their deliveries via DHL Express.

Importance of venture capital funding

Sometimes, especially for e-commerce ventures, venture capital provides runway and capital for physical infrastructure and "plumbing" before the technology can stitch it all together.

Class action lawsuit filed against JUMIA

At least 4 class action lawsuits have been filed in New York against JUMIA Technologies for allegedly misleading American investors.

High order returns are normal - JUMIA

JUMIA reported impressive numbers and states that 41% order returns are just a normal feature of an e-commerce business.

JUMIA shares down 20%, labeled a fraud

Citron Research has published a report showing that JUMIA overstated its customer numbers and other material discrepancies when filing with the SEC.

Capital has no nationality

Capital is not patriotic, even some savvy African startup founders have domiciled their companies in tax-and investor friendly locations such as Delaware, Dubai, and Mauritius.