jumia news

  1. Nigeria Business News

    Business Jumia shuts down operation in Rwanda – Nairametrics

    Africa’s e-commerce giant, Jumia, has continued to shut down its operations across Africa, with the latest being Rwanda. The company recently sent a message to its Rwandan customers saying that “We regret to inform you that Jumia will suspend our.... Read more via Nairametrics –...
  2. Nigeria Business News

    Business Jumia Shares Fall Below IPO Price On New York Stock Exchange – Nairaland

    Four months after a landmark launch on the New York Stock Exchange, e-commerce giant, Jumia’s shares has crashed below its IPO price. After launching its IPO at $14.50 per share, the mid-point of its initial share price range, Jumia’s shares reached an all-time low of $14.02 before recovering...
  3. Nigeria Business News

    Business ‘Rise in Internet, Mobile Device Users Impacting eCommerce in Nigeria’ – Thisdaylive Newspaper

    The latest Jumia Mobile Report 2019 has shown improved growth in internet users and mobile device users. This, according to the report, impacted positively on eCommerce business in Nigeria and the global economy in 2018..... Read more via Thisdaylive Newspaper – http://bit.ly/2QnkYZm Get...
  4. Nigeria Business News

    Business Jumia lists five key areas New York listing will impact Africa – Vanguard News

    Online market hub, Jumia, penultimate week, listed shares on the New York Stock Exchange and grabbed the headlines as one of the first African businesses among its genre to do so..... Read more via Vanguard News – http://bit.ly/2WliSPj Get more: Nigeria Business News
  5. Nigeria Business News

    Business Analysts declare Jumia a “fraud” sinking its share price – Nairametrics

    Citron Research a US Based online investment Newsletter has declared E-commerce giant Jumia shares as worthless and that they had never “seen such an obvious fraud”. Jumia share price was down by over 18% as at closing of trading at the New York Stock Exchange. The allegation: According …...
  6. Nigeria Business News

    Business Jumia now valued at over $2.4 billion following its 2nd day on NYSE – Techpoint.Africa

    Having spent barely two days on the New York Stock Exchange, Jumia Technologies is already trading at a price almost twice its anticipated initial public offering of $13.00 to $16.00 per share.... Read more via Techpoint.Africa – http://bit.ly/2De6Ts8 Get more: Nigeria Business News
  7. Nigeria Business News

    Business Jumia becomes first African firm to list shares on New York stock exchange – The Guardian Nigeria News

    Pan-African e-commerce platform, Jumia Technologies, has officially announced its listing on the New York Stock Exchange (NYSE). The listing on the NYSE happened yesterday in New York, USA, with shares beginning trading at $14.50 under ticker symbol JMIA. Read more via The Guardian Nigeria...
  8. Nigeria Business News

    Business 15 startups built by Jumia’s first 50 employees – Techpoint.Africa

    As the launch of Jumia’s Initial Public Offering (IPO) on the New York Stock Exchange (NYS) inches closer, there have been dozens of stories covering the impending milestone for.... Read more via Techpoint.Africa – http://bit.ly/2VpX1m6 Get more: Nigeria Business News
  9. Nigeria Business News

    Business Jumia has been approved to list its shares on the New York Stock Exchange – Techpoint.Africa

    Jumia has gotten the approval to list its shares on the New York Stock Exchange following an update on its Form F1 filing with the Securities and Exchange Commission..... Read more via Techpoint.Africa – https://ift.tt/2HX8C8U Get more: Nigeria Business News
  10. Nigeria Business News

    Business Marek Zmyslowski lies & deceit in his quest to build “Amazon of Africa” – Medium

    In short, you CANNOT sell our investment at a price we don’t know about, to investors we haven’t been informed about at terms we didn’t agree to.”... Read more via Medium – https://ift.tt/2GCFu6j Get more: Nigeria Business News
  11. Nigeria World News

    World What will the rise of online shopping in Africa mean for jobs? – World Economic Forum

    Around the world, the new technologies behind digital commerce have reshaped the physical economy of goods and services, as well as employment.... Read more via World Economic Forum – http://bit.ly/2ImGgWE Get more World News
  12. Nigeria Business News

    Business Former Jumia Travel boss Marek Zmyslowski writes on why he was declared wanted by Interpol – Pulse Nigeria

    Marek Zmysłowski claims he was declared wanted by the Interpol because of a falling out he had with his local investor in Nigeria. Serial investor and entrepreneur Marek Zmysłowski has narrated how he was placed on Interpol’s ‘Most Wanted‘ list, which was as a result of … Read more via...
  13. Nigeria Business News

    Business How Jumia’s planned listing on New York Stock Exchange is strategic for MTN, Rocket Internet – Techpoint.Africa

    The possible reasons why the owners of Jumia are considering the New York Stock Exchange for its IPO instead of an African alternative..... Read more via Techpoint.Africa – http://bit.ly/2TP5ApI Get more: Nigeria Business News
  14. Nigeria Business News

    Business MTN may rake in $600m from sale of Jumia shares – The Guardian Nigeria Newspaper

    Jumia, Africa’s online retailer, is planning an initial public offering (IPO) in New York this year that could value the business at about $1.5 billion, according to those in the know. Bloomberg reports that Jumia’s largest shareholder, MTN Group, … Read more via The Guardian Nigeria...
  15. Nigeria Business News

    Business Allegations Against Me Are False – Jumia MD — Leadership Newspaper

    The management of Jade Internet Services, owners of Jumia Food, has denied the allegation that Mr Futi was arrested by the men of the Nigerian Police Force, Zone II over allegation of fraud and conversion of company’s funds for personal use, saying it was fabricated. The current managing …...
  16. Nigeria Business News

    Business Jumia Food MD in Police custody – Nairametrics

    A month after Castle Logistics Services Limited, a Jumia (Jade Internet E-Services Nigeria Limited) vendor, petitioned the Nigerian Police over alleged fraudulent conversion and diversion of N214.695 million by Jumia Food, officers of Nigerian Police Force, Zone II, Lagos, have arrested Guy...
  17. Nigeria Business News

    Business Jumia Pushes App-Only-Deals This Black Friday – TechMoran

    Jumia is pishing App-only-deals this Black Friday in a move expected to help the firm increase vendors sales as well as sign up more users who download the firms app for the first time. The one month event will run from 2nd – 30th November, with the tagline: Every … Read more via TechMoran...
  18. curator

    Business MTN Group considering sale of its 40% stake in Jumia – Nairametrics

    MTN Nigeria’s parent company, MTN Group Limited, is reportedly thinking about selling off its equities in one of Africa’s most dominant e-Commerce platforms, Jumia. This is coming at a time when the South Africa-based telecoms operator is equally considering an initial public offering …...