Jumia posts $186mn as revenue for FY’23 (CNBC Africa)

February 16, 2024Company News

Jumia has posted $186 million as revenue for the full year 2023 recording an eight percent year-over-year dip. Looking ahead, the group aims to further reduce its cash utilization while expecting an increase in both orders and Gross Merchandise Value this year excluding potential impact of foreign exchange. Francis Dufay, Group CEO of Jumia joins CNBC Africa to discuss the group’s performance and outlook for this year.

Read the original article on CNBC Africa

About Jumia

Jumia is a leading e-commerce platform in Africa. Our marketplace is supported by our proprietary logistics business, Jumia Logistics, and our digital payment and fintech platform, JumiaPay. Jumia Logistics enables the seamless delivery of millions of packages while JumiaPay facilitates online payments and the distribution of a broad range of digital and financial services.

Follow us on, Linkedin Jumia Group and twitter @Jumia_Group

For more information about Jumia:
Abdesslam Benzitouni
[email protected]