Category: Jumia
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Why Jumia Stock Skyrocketed Today
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Jumia Technologies (NYSE: JMEA) Shares rose in Thursday trading. The African e-commerce company’s share price ended the day’s trading 19.7% higher and was up 26.1% earlier in the session. After the market closed yesterday, Jumia published preliminary unaudited key performance indicators (KPIs) for the two-month period ending November 30. The…
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Jumia bets on Kenya success to recover from lost markets
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Africa-focused e-commerce retailer Jumia is counting on a turnaround in its operations in Kenya and three other markets to help it regain lost ground from the closure of its businesses in South Africa and Tunisia. The New York Stock Exchange-traded company announced Wednesday that it will close its operations in…
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Women-owned firms dominate Jumia listings in Kenya
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More than half of businesses registered on e-commerce platform Jumia in Kenya are owned by female entrepreneurs, a new report has found, highlighting the pivotal role e-commerce plays in boosting their participation in business. The latest report on the digital economy published by the United Nations Conference on Trade and…