Skip to content

Jumia Drops Fast Delivery Promise in Some Countries

Jumia reported $50.5m in revenue for this year’s third quarter with declining operating losses (33%) and increasing gross profit (29%) compared to last year, while active customers and the value of services sold improved marginally. These results come out barely a week after the company’s co-CEOs since 2012 stepped down. The company said the results underscore its march towards profitability and that it will cut services that are out of line with that goal. A presence in 11 countries makes Jumia Africa’s largest online retailer, but the company’s activities will be more constrained going forward. “We cannot be sharp in our execution if we are spreading ourselves too thin across too many projects,” said Francis Dufay, the acting CEO who joined Jumia in 2014. The company will stop offering logistics as a service “in countries where logistics infrastructure is not yet ready to support third-party volumes.” It will be retained in Nigeria, Morocco, and Côte d’Ivoire.

Posted in ,

Alastair Tempest

6 Comments

  1. sklep internetowy on Mar 14, 2024 at 3:53 am

    Wow, marvelous weblog layout! How long have you been running a blog for?
    you made running a blog look easy. The overall look of your website is wonderful, as smartly as the content material!
    You can see similar here sklep internetowy



  2. Carlosded on Mar 15, 2024 at 11:19 pm

    [url=https://pint77.blogspot.com/2024/02/wedding-editable-canva-templates.html]Wedding Invitations, Wedding Video Invitation, Short Video Itvitation, Save the Date, Wedding Backdrop, Wedding Day Slideshow



  3. JamesItats on Mar 16, 2024 at 9:58 am

    Шагайте в ногу с современными технологиями и обеспечьте своему бизнесу точность и надежность с помощью нашего высокоточного геодезического оборудования.
    Независимо от того, занимаетесь ли вы строительством, архитектурой или землеустройством, наше оборудование поможет вам достичь максимальной точности
    и эффективности в вашей работе – [url=https://potokmedia.ru/556022/vybor-geodezicheskogo-oborudovaniya/]геодезическое оборудование.[/url]



  4. dobry sklep on Mar 22, 2024 at 5:05 am

    Wonderful beat ! I wish to apprentice even as you amend your website, how can i subscribe for
    a weblog web site? The account helped me a appropriate deal.
    I had been tiny bit familiar of this your broadcast
    offered shiny transparent concept I saw similar here: Sklep online



  5. sklep internetowy on Mar 24, 2024 at 5:27 pm

    Hi there! Do you know if they make any plugins to assist with SEO?
    I’m trying to get my blog to rank for some targeted keywords
    but I’m not seeing very good gains. If you know of any please share.
    Thank you! You can read similar text here: E-commerce



  6. Analytical & Research Agency on Mar 24, 2024 at 11:55 pm

    It’s very interesting! If you need help, look here: ARA Agency



Leave a Comment





Become a member

Join the Ecommerce Forum South Africa and benefit from industry insights in South Africa and Africa.

Sign up to newsletter

Sign up to our newsletter and stay informed of the progress we are making at the Ecommerce Forum South Africa with government during Coronavirus.