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The initiative represents a strategic pivot for Jumia, following a period focused on cost optimisation.
"We believe to be on track for the fourth quarter of 2026, targeting full-year profitability on a loss before income tax basis in 2027," said optimistic CEO Francis Dufay
Verve cardholders across Africa can now shop on Temu and pay in local currency, expanding e-commerce options.
The e-retailer will leverage the nine countries left, representing more than 625 million people, 54% of Africa’s internet users, and 49% of Africa's GDP
This is indeed cherry news for Zest, which is lagging behind peers like GTCO’s fintech subsidiary, HabariPay, and Access Holdings' fintech, Hydrogen.
With Amazon expanding to Egypt and Temu taking on Nigeria, Jumia's chances of success are reliant on its nine markets concentrated in West and East Africa.
This partnership has the potential to boost transaction volumes for PalmPay, a strong competitor to JumiaPay, Jumia's fintech arm
In this letter, we explore; Temu’s big entry to Nigeria, Namibia orders Starlink to cease all operations, M-Kopa to hit 400m revenue by year-end.
Nigerians love affordability, but the real question is: can Temu outpace homegrown giants like Jumia and Konga?
OmniHub Franchise will assist business owners in starting their FMCG distribution business.
Consumers are petitioning a gov't-introduced tax on eCommerce imports coming into effect on July 1, 2024.
The Justice Accelerator is HiiL’s flagship innovative programme that funds, trains, and coaches a global cohort of justice startups.
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