Jumia Technologies AG announces €244 million rights issue to boost finances and drive expansion Africa’s leading e-commerce platform, Jumia Technologies AG, has announced plans to raise €244 million ($268 million) through a rights issue,…
Jumia reports $20.2 million operating loss in Q2 2024 amid revenue decline Africa’s leading e-commerce group, Jumia, has reported a $20.2 million operating loss for Q2 2024, reflecting a 17% drop in…
Amazon to launch new section featuring low-cost items shipped directly from China Amazon.com plans to introduce a new section on its shopping site that will feature inexpensive items shipped directly to international…
Jumia Egypt, Contact Creditech Expand Partnership To Enhance Online Shopping Experience Jumia Egypt, Egypt’s leading e-commerce platform, recently announced an expansion of its strategic partnership with Contact CrediTech, the digital consumer…
Indonesia: TikTok to invest $1.5 billion in Tokopedia to revive its online shopping in Southeast Asia China’s TikTok, is set to invest $840 million to acquire a significant portion of the e-commerce unit of Indonesian tech…
