Listen to ABR

Jumia Cuts Staff Costs And Discontinues Free Delivery Subscription Service

Nov 23, 2022 01:12 PM
Jumia Cuts Staff Costs And Discontinues Free Delivery Subscription Service

Africa’s e-commerce giant Jumia is ending its free delivery Prime subscription service and cutting staff costs according to its Q3 earnings announcement.  

The company’s results showed consistent growth but lapses in some areas compared with Jumia’s previous quarter.  

The company reported $50.5 million in revenue for this year’s third quarter, a 6% growth compared to $47.6 million in Q2, and an 18.4% increase compared to $42.7 million in revenue in the same period last year. 

Gross merchandise value declined to $240.7 million from $252.7 previous quarter despite being an increase from $238.1 million realized in the previous quarter.

0:00 / 0:00

Get the latest headlines and unique ABR stories, sent every weekday.

Micos Chicken and Waffles

Upcoming Events

Thu 15

Africa Data Protection Conclave

Oct 15 @ 09 AM - Oct 15 @ 02 PM
Sat 10

The Boss Lady Conference 2020

Oct 10 @ 10 AM - Oct 10 @ 12 AM
Wed 17

ABR social sensitization on HIV & AIDs

Jul 17 @ 06 AM - Jul 24 @ 04 AM

Job Listing

Software Developer



News Updates

  • Canada Unveils Multibillion-dollar Plan To Cut Carbon Emissions

  • U.S. To Unveil Revised Stricter Fuel Economy Regulations

  • Russia Sues Google For Not Removing Banned Content

  • Russia Insists On Rouble Gas Payments

  • DR Congo Joins East Africa Trade Bloc

  • Botswana To Manufacture Covid Vaccines

  • Tigray Rebels Says No Aid Delivered To Tigray Despite Truce

  • Nigerian Railway Corporation Suspends Train Operations Along Abuja-Kaduna Route

  • Nigerian Lawmakers Advocates Full-Scale War Against Terrorists

  • Nigerian Government Directs Immediate Implementation Of Surveillance System



News & Conversations