Total 8 Posts

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.

MTN Group denies rumors that it will sell its stake in one of Afrika's largest e-commerce companies

Earlier this week, rumors and reports started circulating that MTN Group, one of Afrika's largest telecommunications companies, was looking to sell its 40% shareholding in JUMIA, a Rocket Internet founded e-commerce company. However, MTN has since come out to deny these reports. JUMIA, which has presence in several countries in

Jumia has finally released their all-in-one app publicly

Jumia has released the final version of their Jumia One app publicly. Previously, in September 2017, iAfrikan reported on leaked screenshots and videos of what was to be Jumia's all-in-one consumer e-commerce app. The Jumia One app will allow the e-commerce company's customers in Nigeria to shop online, pay bills

You can now buy cement online in Nigeria

As a result of a partnership between Dangote Cement and Jumia, Nigerians can now buy Cement online. The aim of this move is said to be to help reduce the price of Cement and ease the logistics involved in purchasing Cement. Nigerians looking to purchase a minimum of 300 bags