Jumia still in the red with a loss exceeding revenue

In 2018, the Jumia’s marketplace (owned by Rocket Internet) posted revenue of €130 million (+38% from 2017) but increased losses to €170 million (from €165 million in 2018). The Group’s Gross Merchandise Value grew to €

828 million in 2018, a 63% increase from 2017. Jumia’s active consumers reached 4.0 million by the 2018 year-end, compared to 2.7 million consumers a year before. In the Ivory Coast, Carrefour listed 150 grocery products from its private label products on the Jumia’s p