Jumia: The losses pile up as Africa looks elsewhere for pride
By Bola Oduntan Jumia, the ecommerce company described in April 2020 as the ‘e-commerce startup that fell from grace’ by BBC, has fallen into the pit even much deeper. This…
Jeff Bezos’ $211bn wealth: Can Konga defend Africa in global e-commerce?
July 11, 2021 There is hardly any other e-commerce player in Africa that can account for the leverage which Konga is currently enjoying as a result of its composite nature….
Jumia shares crash below IPO price on New York Stock Exchange
Four months after a landmark listing on the New York Stock Exchange, e-commerce giant, Jumia’s shares have crashed below its IPO price. After launching its IPO at $14.50 per share,…
Jumia, Konga plan $1.5b, $3.2b international IPOs
The Nigerian e-Commerce market is set for exciting times ahead as two major players, Jumia and Konga, are reportedly set for eye-catching listing of their shares on the international market….