| Date | Title | Description |
| 15.11.2023 | Jumia reports GMV growth in physical goods across five countries and lowest losses since IPO | In Q3 2023, Jumia reported an adjusted EBITDA loss of $15 million, marking the lowest since its IPO in 2019 (outperforming the $27 million recorded in Q1 and $19.3 million in Q2) and a substantial decrease of $32 million compared to Q3 2022... |
| 11.07.2023 | Can the rural markets unlock profits for African e-commerce? | “Treasure hunts make much better stories when there’s [actually] treasure at the end.” – Eric Berlin.
E-commerce is one of the most widely adopted tech sectors in Africa. Since Jumia emerged as Africa’s first unicorn in 2016, many more busi... |
| 22.03.2023 | Jumia partners with Leroy Merlin on Africa e-commerce | Jumia Technologies made a deal to sell French retailer Leroy Merlin’s products in West Africa, part of a plan to expand its reach and cut losses in half by the end of 2023.
The Africa-focused e-commerce firm will sell the French company’s t... |
| 01.09.2022 | Jumia partners with Zipline to launch on-demand drone package delivery in remote areas of Africa | Jumia, the African e-commerce company, has joined forces with drone-delivery startup Zipline to launch an on-demand drone delivery in remote areas of Ghana, the companies announced Thursday. They launched the pilot program and testing a few... |
| 05.04.2022 | Jumia X UPS, Fun with USSD, More on Pitch Friday | Share this article:
Hello there!
Interesting times. They say, “if you want something done right, do it yourself.” This is the closest maxim that describes Tesla CEO and SpaceX founder, Elon Musk’s recent move as he purchased a 9.2% stake in... |
| 04.04.2022 | E-Commerce Company Copia Global Isn’t Building The ‘Amazon For Africa’ | Copia Global uses an agent network to take orders and and serve as pick-up points for Copia Global's ... [+] 1.6M customers. Copia Global |
| 04.04.2022 | UPS partners with Jumia to expand delivery network in Africa | Global logistics and package delivery company UPS will leverage Jumia’s network across Africa to grow its reach in the continent, following a new partnership announced today that gives it access to the e-commerce firm’s last mile delivery i... |
| 18.03.2022 | What Role Will E-Commerce Play In Africa’s Near Future? | Juliet Anammah is Chairwoman of Jumia Nigeria and Group Chief Sustainability Officer. |
| 07.09.2021 | You can now buy Pick n Pay clothing via competitor, Zando – for 1c more per item | Clothes from Pick n Pay appeared on fashion retail site Zando this week.
You'll pay 1c per item more to buy from Zando, which has similarly high shipping costs to PnP.
Zando says it wanted more range of its customers. Pick n Pay says it was... |
| 02.07.2021 | Kenyan eCommerce startup, Copia Global, expands to Uganda | Share this article:
Kenyan eCommerce startup, Copia Global, has announced the expansion of its services to Uganda. Having established its presence in the Kenyan market, where it claims to serve over one million customers, the startup has it... |
| 22.04.2021 | JUMIA TECHNOLOGIES AG
Jumia Technologies : Egypt Launches a New Initiative to Support SMEs & Handicrafts | Egypt, Cairo, 22nd April 2021: As a part of its support for the local industries, especially small and micro-enterprises; Jumia, the leading e-commerce platform in Egypt, launched a new initiative today at the beginning of the Holy month of... |
| 25.02.2021 | Jumia’s 2020 earnings, Future Africa Fund backs Termii, Sub-Saharan Africa loses $237m | Share this article:
Good day,
Oluwanifemi and Emmanuel here Today we are discussing:
Jumia’s 2020 earnings
Sub-Saharan Africa lost $237m to Internet shutdowns in 2020
Future Africa Fund’s Termii investment and Microtraction’s latest venture... |
| 24.02.2021 | Jumia losses dropped by 34% in 2020, yet it witnessed slower growth | Share this article:
Jumia has announced its financial results for the final quarter of 2020 and for the entire year. It was a promising outing from the eCommerce giant as it continued its gradual move towards profitability, but the company’... |
| 11.11.2020 | African Startups Should Tokenize to Break Biased Funding Cycles | In Africa, there is a long-running feud between white expatriates and ex-Ivy League founders on the one hand, and grassroots-bred Black local founders on the other. At stake is who has bragging rights to Africa’s hot, rising startup narrati... |
| 21.08.2020 | Factsheet: What are Africa’s super app candidates up to these days? | You are reading Factsheet, our series of specific guides on experiencing and using technology platforms in Africa. Whether you are looking for knowledge on getting your African film on Netflix, raising a seed round or finishing an online de... |
| 01.05.2020 | The Big 5 Daily: 24th April, 2020 | It’s the Weekend!
Not that there’s much difference nowadays, but we aim to lighten your day with the Big 5 Daily.
Enjoy!
Big news! Ventures Platform, The Nigeria Centre for Disease Control (NCDC), MTN, and the Lagos State Science and Resear... |
| 28.04.2020 | Goldman-backed ventures Jumia and Twiga partner on produce in Kenya | Pan-African e-commerce company Jumia and B2B agtech startup Twiga Foods are partnering to deliver produce in Kenya using adaptive measures during COVID-19.
Jumia offers online goods and services verticals in 11 countries and became the firs... |
| 09.04.2020 | Covid-19 and African tech startups roundup [09/04/2020] | Ghanaian healthtech mPharma plans to equip and re-purpose private labs into Covid-19 testing centres. The startups is one of many on the continent that aims to tackle the pandemic.
This, as a group of businesses, led by Willowton Group and... |
| 09.04.2020 | Covid-19 and African tech startups roundup [09/04/2020] | Ghanaian healthtech mPharma plans to equip and re-purpose private labs into Covid-19 testing centres. The startups is one of many on the continent that aims to tackle the pandemic.
This, as a group of businesses, led by Willowton Group and ... |
| 08.04.2020 | Kenyan tech companies step up to enable free distribution of sanitation products | Share this:
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| 07.04.2020 | Rocket Internet has sold its stake in ecommerce company Jumia | German venture builder Rocket Internet has sold its stake in African ecommerce company Jumia. This, according to a report last week by Reuters.
Quoting Bettina Curtze, Rocket Internet’s head of finance and investments, Reuters said the inv... |
| 07.04.2020 | Rocket Internet has sold its stake in ecommerce company Jumia | German venture builder Rocket Internet has sold its stake in African ecommerce company Jumia. This, according to a report last week by Reuters.
Quoting Bettina Curtze, Rocket Internet’s head of finance and investments, Reuters said the inve... |
| 22.03.2020 | Jumia adapts Pan-African e-commerce network in response to COVID-19 | Pan-African e-commerce company Jumia is adapting its digital retail network to curb the spread of COVID-19.
The Nigeria headquartered operation — with online goods and services verticals in 11 African countries — announced a series of measu... |
| 22.01.2020 | Top tech startup news for today, Wednesday, January 22, 2020: Goldman Sachs, SoftBank, Jumia, Sysdig, Promethium | Good morning! Below are the top tech startups news for today, Wednesday, January 22, 2020.
African unicorn Jumia looks to services, platforms to halt slide. African e-commerce unicorn Jumia Technologies, which last year became Africa’s fir... |
| 31.12.2019 | 10 reasons why 2019 was a hot year for Africa’s tech startup scene [Opinion] | Africa’s tech startup scene is doing quite okay. Actually, it’s pretty hot right now.
Even the attack in January by terrorists on a Nairobi office park, in which 21 people died (including six members of Kenyan tech firm Cellulant), can’t ke... |
| 31.12.2019 | 10 reasons why 2019 was a hot year for Africa’s tech startup scene [Opinion] | Africa’s tech startup scene is doing quite okay. Actually, it’s pretty hot right now.
Even the attack in January by terrorists on a Nairobi office park, in which 21 people died (including six members of Kenyan tech firm Cellulant), can’t k... |
| 30.12.2019 | 10 ways Africa’s fintech sector boomed in 2019 | Fintech remains one of the hottest tech verticals in Africa. This year saw African fintech startups based on the continent raise over $53-million in 25 deals (in disclosed deals).
Fintech deals accounted for about 18% of the almost $290-mil... |
| 30.12.2019 | 10 ways Africa’s fintech sector boomed in 2019 | Fintech remains one of the hottest tech verticals in Africa. This year saw African fintech startups based on the continent raise over $53-million in 25 deals (in disclosed deals).
Fintech deals accounted for about 18% of the almost $290-mi... |
| 13.11.2019 | Nigeria’s Interswitch becomes Africa’s latest unicorn after Visa acquires minority stake | US payments technology corporation Visa has acquired a minority stake in Lagos-based digital payments firm Interswitch Group at a valuation of $1-billion, effectively making the fintech company Africa’s latest unicorn.
It follows the listi... |
| 13.11.2019 | Nigeria’s Interswitch becomes Africa’s latest unicorn after Visa acquires minority stake | US payments technology corporation Visa has acquired a minority stake in Lagos-based digital payments firm Interswitch Group at a valuation of $1-billion, effectively making the fintech company Africa’s latest unicorn.
It follows the listin... |
| 24.10.2019 | Jumia vs Transsion Holdings: A tale of two IPOs
Post-IPO and the future | Within months of each other, Jumia AG, the African e-commerce giant and Transsion Holdings, the phone maker with the biggest market share in Africa, floated their IPOs. Listing on the NYSE and Shanghai’s STAR market respectively, both compa... |
| 22.08.2019 | Facing multiple lawsuits and $120 million losses, Jumia unearths fraud in earnings report | Africa-focused e-commerce company, Jumia has released its financial report for the second quarter (Q2) of 2019 (PDF). This is the company’s second financial report since it became a publicly-traded company, and there are a lot of sides to t... |
| 21.05.2019 | Xiaomi highlights international business and IoT in buoyant Q1 2019 | Xiaomi reported its first quarter financial results, beating expectations with almost RMB 43.8 billion (USD 6.3 billion) in revenue, up 27.2% year-on-year, and net profit of RMB 2.081 billion. Analysts estimated that the company would earn ... |
| 12.04.2019 | Jumia raises $196m in New York Stock Exchange IPO | African ecommerce giant Jumia today raised $196-million in its initial public offering (IPO) at the New York Stock Exchange (NYSE).
The firm — which was founded in 2012 in Nigeria by Frenchmen Jérémy Hodara and Sacha Poignonnec — is tradin... |
| 12.04.2019 | African e-commerce startup Jumia’s shares open at $14.50 in NYSE IPO | Pan-African e-commerce company Jumia listed on the New York Stock Exchange today, with shares beginning trading at $14.50 under ticker symbol JMIA. This comes four weeks after CEO Sacha Poignonnec confirmed the IPO to TechCrunch and Jumia f... |
| 12.04.2019 | Jumia raises $196m in New York Stock Exchange IPO | African ecommerce giant Jumia today raised $196-million in its initial public offering (IPO) at the New York Stock Exchange (NYSE).
The firm — which was founded in 2012 in Nigeria by Frenchmen Jérémy Hodara and Sacha Poignonnec — is trading... |
| 04.04.2019 | Africa Roundup: Jumia files for IPO, OneFi acquires Amplify, FlexClub expands in Mexico | Less than a decade ago IPOs, acquisitions and global expansion by African startups were more possibility than reality. March saw all three from the continent’s tech scene.
Pan-African e-commerce company Jumia filed for an IPO on the New Yor... |
| 01.04.2019 | Jumia story about to become a whole lot more successful [Opinion] | Later this year, the African startup world will hit a massive milestone.
The largest ecommerce business in Africa, which last month filed for an IPO (see this story), is due to be listed on the New York Stock exchange (NYSE) just seven year... |
| 01.04.2019 | Jumia story about to become a whole lot more successful [Opinion] | Later this year, the African startup world will hit a massive milestone.
The largest ecommerce business in Africa, which last month filed for an IPO (see this story), is due to be listed on the New York Stock exchange (NYSE) just seven yea... |
| 19.03.2019 | 4 key things to know on your startup’s way to a US IPO | Share this article:
After filing for an IPO at the New York Stock Exchange last week, eCommerce company, Jumia is gearing up to become the first Africa-focused tech startup to list on a major global exchange. If everything goes according to... |
| 14.03.2019 | Loss making African ecommerce giant Jumia files for NYSE IPO | African ecommerce giant Jumia has filed with the US Securities and Exchange Commission (SEC) to launch an initial public offering (IPO) on the New York Stock Exchange (NYSE), despite reporting losses over the past two years.
Jumia was foun... |
| 14.03.2019 | Loss making African ecommerce giant Jumia files for NYSE IPO | African ecommerce giant Jumia has filed with the US Securities and Exchange Commission (SEC) to launch an initial public offering (IPO) on the New York Stock Exchange (NYSE), despite reporting losses over the past two years.
Jumia was found... |
| 12.03.2019 | African e-commerce startup Jumia files for IPO on NYSE | Pan-African e-commerce company Jumia filed for an IPO on the New York Stock Exchange today, per SEC documents and confirmation from CEO Sacha Poignonnec to TechCrunch.
The valuation, share price and timeline for public stock sales will be d... |
| 07.02.2019 | Africa Roundup: Zimbabwe’s net blackout, Partech’s $143M fund, Andela’s $100M raise, Flutterwave’s pivot | Jake Bright Contributor
Jake Bright is a writer and author in New York City. He is co-author of The Next Africa.
More posts by this contributor
African fintech startup Chipper Cash raises $30M backed by Jeff Bezos
Nigeria’s Autochek raises ... |
| 16.01.2019 | Flutterwave and Visa launch African consumer payment service GetBarter | Jake Bright Contributor
Jake Bright is a writer and author in New York City. He is co-author of The Next Africa.
More posts by this contributor
African fintech startup Chipper Cash raises $30M backed by Jeff Bezos
Nigeria’s Autochek raises ... |
| 16.01.2019 | Flutterwave and Visa Partner on Consumer Payments App Barter | Fintech startup Flutterwave has partnered with Visa to launch a consumer payment product for Africa called GetBarter. |
| 02.01.2019 | What African startups should keep an eye out for in 2019 | The new year is upon us and it’s time to get that diary marked up. Last year was quite packed with happenings. What then can we expect in 2019?
Here then is a short list of what funds and initiatives are expected to launch in Africa in 201... |
| 02.01.2019 | What African startups should keep an eye out for in 2019 | The new year is upon us and it’s time to get that diary marked up. Last year was quite packed with happenings. What then can we expect in 2019?
Here then is a short list of what funds and initiatives are expected to launch in Africa in 2019... |
| 01.10.2018 | Jumia, Rocket Internet still mum on whether African tech giant will list in US | Lagos-based ecommerce giant Jumia and one of its main investors Rocket Internet remain mum on whether the tech firm intends to launch an initial public offering (IPO) in New York next year.
This, after a Reuters report two weeks ago which c... |
| 01.10.2018 | Jumia, Rocket Internet still mum on whether African tech giant will list in US | Lagos-based ecommerce giant Jumia and one of its main investors Rocket Internet remain mum on whether the tech firm intends to launch an initial public offering (IPO) in New York next year.
This, after a Reuters report two weeks ago which ... |
| 04.11.2017 | From live auctions to agriculture – mobile commerce in Africa knows no bounds | Share this:
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| 04.10.2017 | Finalists announced for the AppsAfrica.com Awards 2017 | Share this:
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| 02.12.2016 | Nigeria’s Black Friday sales test the e-commerce models of startups Jumia and Konga | Jake Bright Contributor
Jake Bright is a writer and author in New York City. He is co-author of The Next Africa.
More posts by this contributor
African fintech startup Chipper Cash raises $30M backed by Jeff Bezos
Nigeria’s Autochek raises ... |
| 06.07.2016 | Africa Roundup: eBay expands, Ushahidi upgrades, Africa Internet Group rebrands | Jake Bright Contributor
Jake Bright is a writer and author in New York City. He is co-author of The Next Africa.
More posts by this contributor
African fintech startup Chipper Cash raises $30M backed by Jeff Bezos
Nigeria’s Autochek raises ... |
| - | Jumia signs with Zipline for delivery drones | Shoshana Kedem
September 6th 2022 •
West Africa •
Technology & Information
Ecommerce firm Jumia has signed an agreement with delivery service Zipline to deploy drones for online shopping deliveries in Africa.
The partnership integrates ... |
| - | The Big 5 Daily: 24th April, 2020 | It’s the Weekend!
Not that there’s much difference nowadays, but we aim to lighten your day with the Big 5 Daily.
Enjoy!
Big news! Ventures Platform, The Nigeria Centre for Disease Control (NCDC), MTN, and the Lagos State Science and Resear... |
