Jumia hosted analyst visits and noted it was benefiting from cheaper Chinese goods to Africa due to U.S. tariffs. One Wall Street analyst hiked his price target on shares by 130%. Jumia also rolled ...

Black Friday in developed economies such as the United States has since become a calendar event. Worldwide, Black Friday will be observed on November 29, unofficially marking the start of the ...

Pan-African e-commerce platform Jumia has disclosed its intention to discontinue its food delivery service, Jumia Food. The company said its food delivery business is not aligned with the current ...

Last year was a tough year for Jumia on the global stage but now Africa’s largest online store must focus on how it returns a profit this year. In the year ended December 2019, Jumia decided to exit ...

E-commerce platform Jumia has announced plans to shut down its food delivery business in all the seven African markets it operates in including Kenya by the end of this month, citing unfavourable ...

NYSE-listed e-commerce platform Jumia experienced a shift in shopping habits across its markets in Africa last year, as more shoppers bought everyday products as opposed to electronics. Shopping for ...

Africa-focused e-commerce company Jumia is using artificial intelligence (AI) across operations like customer service and marketing to cut jobs, joining the firms that are leveraging the new ...