Pan-African e-tailer Jumia grows 3Q revenue, e-payments, and losses
Pan-African e-commerce startup Jumia released its third-quarter financial results today. The numbers and presentation reflected some of the same past trends, with a dash of new, and nary a mention of a declining share-price. The results Jumia — with online goods and service verticals in 14 countries — posted third-quarter revenue growth of 19% (€40 […]
Eight of the 12 economists in a Bloomberg survey said the Feb. 19 budget will contain a new tax on online vendors, with another betting that cross-border digital transactions will now be included in the goods-and-services tax regime.