Jumia cuts losses to $66m as revenue shrinks

African e-commerce giant Jumia Technologies reported a reduction in its operating loss to $66m for the full year ended December 31, 2024, down 10 per cent from the previous year, according to its financial report released on Thursday. The report showed that revenue declined 10 per cent year-over-year to $167.5m, while Gross Merchandise Volume, which

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