Jumia

Lagos-based Jumia, once hailed as the "Amazon of Africa", has seen its stock drop ~70% since its 2019 IPO amid stalling customer growth and mounting losses (David Adeleke/Rest of World)

February 11, 2023

[ad_1] David Adeleke / Rest of World: Lagos-based Jumia, once hailed as the “Amazon of Africa”, has seen its stock…

Jumia undergoes major restructuring after ousting its co-CEOs, including closing its Prime subscription program and its Logistics service in seven countries (Aanu Adeoye/Financial Times)

November 24, 2022

[ad_1] Aanu Adeoye / Financial Times: Jumia undergoes major restructuring after ousting its co-CEOs, including closing its Prime subscription program…

African e-commerce giant Jumia announces co-founders Jeremy Hodara and Sacha Poignonnec have stepped down as co-CEOs, replaced by executive Francis Dufay (Tage Kene-Okafor/TechCrunch)

November 7, 2022

[ad_1] Tage Kene-Okafor / TechCrunch: African e-commerce giant Jumia announces co-founders Jeremy Hodara and Sacha Poignonnec have stepped down as…