Comment on Jumia co-CEO Jeremy Hodara talks African e-commerce and his company’s path to profitability

Jumia co-CEO Jeremy Hodara talks African e-commerce and his company’s path to profitability

This month, African e-commerce giant Jumia released its second full-year financials for Q4 and its fiscal year 2020. The results were mixed — active customers and gross profit increased, while orders and gross merchandise volume (GMV) fell. A particular feature that has troubled the company since its inception in 2012 was also present, namely persistent adjusted EBITDA and operating losses.

 

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