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Jumia forecasts topline growth amidst macro-economic headwinds

Jumia has projected a growth in its topline despite macroeconomic headwinds expected to persist in 2024.The company forecasted a return to topline growth in...
Business

Plan for Europe's huge new particle collider takes shape

Europe's CERN laboratory revealed more details Monday about its plans for a huge new particle accelerator that would dwarf the Large Hadron Collider (LHC),...
Tech

Starlink partners Jumia to expand business. 2 other stories and a trivia

This line-up of stories will help you discover the latest happenings around the tech world, today.1. Starlink partners Jumia to expand businessJumia, an e-commerce...
Business

Markets rally fades as traders nervously await Powell speech

Asian markets drifted between gains and losses Wednesday with traders struggling to maintain momentum from the previous day's much-needed bounce as they contemplate an...
Business

Inflation hits Jumia, as orders for products drop by 36.5% within one year

Inflation is getting worse in Jumia’s main operational markets, including Nigeria, Ghana, and Egypt, as seen by the company’s Q2 2023 financial figures, which...
Business

Swiss want moratorium on deep-sea mining

Switzerland, a global commodities trading hub, decided Wednesday to push for a moratorium on commercial exploitation of the international seabed area, which has enormous...
Business

Jumia sacks 900 workers, closes businesses amid $49.8m loss

Jumia has sacked 900 workers to save cost, resulting in a 20 per cent reduction in workforce, Ripples Nigeria gathered from the firm’s 2022...
Business

Crypto firm Binance endures wild weeks in wake of FTX collapse

Even by the extreme standards of cryptocurrency trading, the past few weeks have been a wild ride for Binance, the world's biggest exchange for...
Tech

Jumia closes 60-man Dubai office to cut cost

African eCommerce platform, Jumia, has announced plans to close its Dubai office to cut costs and focus on Africa.Acting CEO Francis Dufay confirmed the...
Business

Jumia reports $50.5m revenue in Q3 2022

The company which disclosed this known during its Q3 2022 earnings call on Tuesday, said the $50.5m is an increase of six percent from...

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