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 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
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
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 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
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
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
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 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 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
