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Black Friday 2025 drove Jumia’s orders and GMV sharply higher in Nigeria and Ghana, with double-digit gains in Nigeria and Ghana.
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Jumia shares drop 3.9% to $10.14 despite strong Q3 2025 results showing 25% revenue growth and narrowing operating losses.
Jumia cuts staff to 2,000 as it adopts AI to boost efficiency and profitability. The e-commerce leader eyes breakeven by 2026.
"We believe Jumia has reached an inflection point as our compelling value proposition, and improved operational discipline position us for sustainable, profitable growth,” said CEO Francis Dufay
Billionaire Hassanein Hiridjee’s Axian Telecom is battling in Uganda’s tower market while tightening control of Jumia.
Walmart will launch its first own-branded stores in South Africa before the end of 2025, competing with Amazon and Temu in its retail market.
The move comes after the board's membership fell below the six members required by its articles of association
Jumia’s Q2 2025 earnings surprise investors with 27% stock surge and 25% revenue growth, boosting confidence in its turnaround plan
“Our second quarter results reinforces our confidence in achieving full-year profitability in 2027,” said CEO Francis Dufay, who sounded quite confident.
Jumia has launched a Buy Now, Pay Later (BNPL) service in Algeria in partnership with local fintech Diar Dzair. This move targets financial inclusion in underbanked markets.
Jumia shares rose 2% after AXIAN Telecom took an 8% stake. The move signals new confidence in Africa’s e-commerce leader.
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