Jumia Technologies to exit South Africa and Tunisia markets [Yahoo! Finance]
Jumia Technologies AG American Depositary Shares, each representing two Ordinary Shares (JMIA)
Company Research
Source: Yahoo! Finance
The company anticipates completing the operational shutdown in these two markets by the end of 2024. Jumia CEO Francis Dufay said: “Since assuming the role of CEO, I have focused on initiatives aimed at strengthening our business and placing us on a path to profitability. After a thorough analysis, we made the difficult decision to close down our operations in South Africa and Tunisia. Both businesses account for a negligible portion of our overall operations. “Furthermore, competitive and macroeconomic conditions in both markets have limited each country's growth potential and their contribution to our overall business has not aligned with expectations. “Decisions like these are never easy and we are extremely grateful to team members in both countries, who worked tirelessly to serve our customers every day. We are also grateful to our suppliers, vendors and logistics partners in these markets. We deeply thank them for their hard work and service to Jumia.” Jumia is a pan-Af
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News
- Jumia Egypt Partners with Premium Card to Support E-commerce Growth in Egypt [Yahoo! Finance]Yahoo! Finance
- Jumia Egypt Partners with Premium Card to Support E-commerce Growth in EgyptAccesswire
- Jumia Technologies AG (NYSE: JMIA) was upgraded by analysts at Royal Bank of Canada to a "hold" rating.MarketBeat
- Jumia Technologies AG (NYSE: JMIA) is now covered by analysts at Royal Bank of Canada. They set a "sector perform" rating and a $5.00 price target on the stock.MarketBeat
- Jumia to Present at the 2024 RBC Capital Markets Global Technology, Internet, Media and Telecommunications ConferenceAccesswire
JMIA
Sec Filings
- 11/7/24 - Form 6-K
- 11/5/24 - Form SCHEDULE
- 10/16/24 - Form 6-K
- JMIA's page on the SEC website