Jumia Technologies shares are trading higher Tuesday afternoon. The company is becoming the subject of takeover interest from Axian Telecom, per a Bloomberg report.

Jumia’s quarterly active consumers declined 22% from 3.1 million in Q1 2022 to 2.7 million. As a result, orders and GMV were reduced by 26% and 22% year-over-year, respectively.

Jumia also said its transactions reached 3.9 million, expanding 46% year-over-year. The final quarter of 2021 was the company’s fastest in terms of growth for nearly two years.

Sami Louali – EVP Financial Services at Jumia Group said, “We have always been at the forefront of providing our consumers with the latest and best products and services. With the launch of this new ...

Jumia’s current liquidity buys it time, but not infinite runway. What happens in the next four quarters may determine whether this liquidity bridge leads to profitability, or to a dilutive detour.

In its most recent quarter, Jumia increased revenue by 9% year over year to $42.7 million. Single-digit top-line growth won't cut it for Jumia if it ever wants to become profitable.

African e-commerce firm Jumia Technologies said on Wednesday it was past peak losses and would focus on promotions, marketing and cost cutting in its quest towards profitability, driving its ...

Jumia is the leading logistics platform in Africa and has extensive reach. 27% of deliveries in 2021 were made in remote areas, where choices of products are currently extremely limited for ...