Once dubbed the “unicorn of African e-commerce”, Jumia Technologies (owned by Rocket Internet) shows worrying signs of fatigue. In November 2019, the e-retailer announced a suspension of e-commerce business in Tanzania. This follows withdrawal of its marketplace business in Cameroon a few days earlier. Jumia said the business was “not suitable”, after having sold online in the country for five years. No notice was given for either closure. The company mentioned the difficulties inherent in...
Online player Jumia closes in Tanzania and Cameroon
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