Tag: Jumia

Jumia sinks deeper into losses as revenue rises
Tech

Jumia sinks deeper into losses as revenue rises

Africa’s largest eCommerce company, Jumia, said its losses for the first half 2018 financial year rose beyond estimate, a signal that the company has many more years to turn a profit. Rocket Internet, the parent of the troubled eCommerce company said its share of the loss attributed to its 28% […]

Losses of Jumia rose to N12.5 billion in Q1
All Startups

Losses of Jumia rose to N12.5 billion in Q1

Nigeria’s largest eCommerce company by business value and coverage, Jumia said its losses further widened in the first quarter of 2018. For the first quarter of the year, Jumia’s negative adjusted earnings before interest, tax, depreciation and ammortisation (gross losses) rose to EUR30.7 million which is approximately N12.5 billion on […]