Africa: Revisiting Jumia’s Jforce Scandal and Citron’s Short-Sell Claims
In advance of Jumia’s November financial reporting, it’s worth revisiting the company’s second-quarter results, the downside of which included some negative news beyond losses.
The Africa focused e-commerce company — with online verticals in 14 countries — did post second-quarter revenue growth of 58% (≈$43 million) and increased its customer base to 4.8 million from 3.2 million over the same period a year ago.
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