jumia news

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 –...

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...

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...

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

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 …...

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

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...

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

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

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

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

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...

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

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...

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 …...

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...

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...

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 …...