PalmPay and Jumia have entered the final stretch of their joint Black Friday campaign, offering shoppers even more reasons to fill their carts as the shopping season winds down. The partnership, which runs from November 7 to December 1, is designed to help customers save more while enjoying seamless digital […]
Jumia
The recent complete divestment by Baillie Gifford—one of the world’s most respected long-term institutional investors—from African e-commerce pioneer, Jumia, underscores serious concerns over the platform’s sustainability and credibility. Baillie Gifford, known for backing global disruptors like Tesla and Shopify, announced in its May 5, 2025 filing that it had sold […]
Jumia, Africa’s leading e-commerce platform, showcased its resilience and strategic progress despite a challenging economic environment. The company reported a 17% decline in revenue to $36.5 million but revealed a strong underlying performance with a 15% increase on a constant currency basis, reflecting the impact of currency devaluations in key […]