Jumia Technologies AG

11/11/2024 | Press release | Archived content

Currency pressure drives Jumia’s revenue to $36.5mn in Q3’24 (CNBC Africa)

E-commerce giant, Jumia, reported a 14 per cent decline in revenue to 36.5 million dollars in the third quarter of 2024, driven by currency depreciation in major markets like Nigeria and Egypt. Meanwhile, the company witnessed a 6 per cent increase in the number of orders, reflecting continued user interest and engagement. Francis Dufay, the Group CEO of Jumia, joins CNBC Africa for this discussion and more.

Read the original article on CNBC AFRICA

About Jumia

Jumia is a leading e-commerce platform in Africa. Our marketplace is supported by our proprietary logistics business, Jumia Logistics, and our digital payment and fintech platform, JumiaPay. Jumia Logistics enables the seamless delivery of millions of packages while JumiaPay facilitates online payments and the distribution of a broad range of digital and financial services.

Follow us on, Linkedin Jumia Group and twitter @Jumia_Group

For more information about Jumia:
Abdesslam Benzitouni
[email protected]