Jumia to distribute Elon Musk’s Starlink equipment in Africa

Posted by - October 3, 2023

Elon Musk’s satellite internet firm Starlink has appointed e-commerce platform Jumia Technologies as its first distributor of satellite terminals and connectivity kits in Africa. Jumia said the agreement will see it start selling the kits on its sites and through agents, using Nigeria and Kenya as a launch pad before rolling out the distributorship to

Jumia partners with Coca-Cola Africa to provide Online Shopping to customers in Africa Products

Posted by - September 27, 2022

Jumia has announced a partnership with the Coca-Cola Africa Operating Unit to offer consumers access to Coca-Cola products from the comfort of their homes. The partnership will provide a steady supply of Coca-Cola’s beverage portfolio to consumers who prefer to shop online through the Jumia platform and ensure they receive their orders in the shortest

Jumia unveils warehouse and logistics network facility in Nairobi, Kenya

Posted by - September 21, 2022

African E-commerce company, Jumia has launched a new integrated warehouse and logistics network facility in Nairobi, Kenya, to enhance the consumers’ shopping experience by reducing delivery times and cutting costs. The 11,000 metres facility will transform Jumia’s logistics operations by providing increased storage capacity for scale-up of warehouse operations and also provide converged services. Located

Covid-19: Jumia partners with Coca-Cola

Posted by - April 20, 2020

Africa’s leading e-Commerce platform, Jumia has partnered with Coca-Cola Bottling Company on its “Stay Home” campaign, to ensure easy and safer access to supply for consumers, wherever they are located in Ghana. This has become crucial in the wake of Covid-19, to ensure that all consumers who need access to supply of Coca-Cola products can

AXA Mansard, Jumia declares strategic business alliance

Posted by - February 25, 2020

AXA Mansard Investments, a multi-expert asset manager in Nigeria, has partnered with Jumia’s lifestyle App, Jumia One, to offer AXA Mansard’s Money Market Fund to members of the public. In addition to AXA Mansard’s MyAXA app, AXA Mansard’s Money Market Fund is now accessible through the Jumia One app, a statement explained. This means that

Jumia Revenue Forecast to Hit $6.54trn by 2023

Posted by - January 22, 2020

The global e-commerce platform, Jumia retail revenues are projected to hit $6.54 trillion by 2023 compared to worldwide e-commerce sales of $5.53 trillion in 2019, a report by Statista has revealed. According to a report titled ‘‘2020: E-Commerce Trends that Will Redefine the Sector’’, made available by Jumia, disclosed that players in the sector will

Jumia declares 58% higher first quarter GMV

Posted by - May 14, 2019

Electronic commerce platform, Jumia has announced a 58 per cent growth in its Gross Merchandise Volume (GMV). The result released also showed its adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) loss as a percentage of GMV improved from negative 19.8 per cent in the first quarter of 2018 to negative 16.4 per cent

JUMIA explains its listing on NYSE

Posted by - April 19, 2019

Africa’s leading online shopping company, has linked the listing of its shares on the New York Stock Exchange (NYSE), on the need to showcase the digital innovation happening in Africa, and opportunities from the region in terms of technology and eCommerce to the world. According to the The Chief Executive Officer, Jumia Nigeria, Juliet Anammah,

Jumia emerges first African firm to list shares on NYSE

Posted by - April 16, 2019

Jumia Technologies AG (“Jumia”) the leading Pan-African e-commerce platform, has been listed on the New York Stock Exchange. The listing on the NYSE happened in New York, USA, with shares beginning trading at $14.50 under ticker symbol JMIA. By the listing, Jumia became the first startup from Africa to list on a major global exchange.

Mastercard to invest $56 million in Jumia ahead of New York IPO

Posted by - April 2, 2019

Mastercard will invest $56 million in Jumia, a pan-African e-commerce platform, ahead of the New York IPO on the New York Stock Exchange (NYSE) of the United States. Jumia said Mastercard Europe SA has agreed to purchase €50.0 million ($56 million) of ordinary shares in a concurrent private placement at a price per share equal