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About Jumia Technologies

Jumia (NYSE: JMIA) is an e-commerce store that offers a selection of products including men & women's fashion, mobile phones, computers, electronics, home appliances and more. Its platform consists of the marketplace, which connects sellers with consumers, our logistics service, which enables the shipment and delivery of packages from sellers to consumers, and its payment service, which facilitates transactions among participants active on the platform in selected markets.

Jumia Technologies Headquarter Location

109 Adeniyi Jones Ikeja

Lagos, 123,


Latest Jumia Technologies News

African E-Commerce Firm Jumia Targets Tech and User Growth

Nov 19, 2021

Share A Jumia fashion warehouse | Source: Courtesy Share By Reuters August 10, 2021 18:48 Africa’s Jumia Technologies said on Tuesday it plans to spend more on marketing and hire more technology professionals after reporting an increased loss in its second quarter. Jumia, which became the first Africa-focused tech startup on the New York Stock Exchange when it listed there in 2019, reported the fastest growth in order volumes in five straight quarters in the period to end-June. The company, which operates in more than 10 African countries spanning Morocco to South Africa, offers an online marketplace for vendors and food sellers, as well as associated services. It said total orders jumped 13 percent to 7.6 million from the same quarter a year earlier, while annual active platform users edged up 3 percent to 7 million. Jumia’s adjusted loss before interest, tax, depreciation and amortization rose 5% year-on-year, while the value of total merchandise slid 11 percent, it said. Increased investments in advertising and sales will help recruit new users who it wants to buy more everyday products from its platform like beauty and cleaning products, it added. During the quarter, advertising and sales expenditure more than doubled to $17.1 million from the same period in 2020. Those investments will take time to pay off, Jumia Chief Executive Sacha Poignonnec said. “We do not expect overnight acceleration. It will be gradual,” he told an online results briefing. Jumia plans to increase staff in its technology department by 40 percent by the end of the year, with a new tech hub in the Egyptian capital Cairo hosting more than 100 tech workers. The firm is also investing in Jumia Pay, which has clinched a deal with the National Bank of Egypt to provide payments processing services for third parties. “There is meaningful runway for us to further grow Jumia Pay on the platform and off the platform,” Poignonnec said. Jumia’s shares were down to $20.85 compared with $21.99 at Monday’s close, well below their February peak of $69.89. The shares have gyrated dramatically since listing at $14.50. They rose as high as $49.77, but later plunged close to $2 a share after a negative short-seller report. By Duncan Miriri; Editing by Alexander Smith. Learn more:

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Expert Collections containing Jumia Technologies

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Jumia Technologies is included in 3 Expert Collections, including E-Commerce.



8,754 items



1,721 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.



3,198 items

Excludes US-based companies

Jumia Technologies Web Traffic

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