Jumia revenue up 19% y/y to $48.9mn in Q1’24 (CNBC Africa)

Jumia has posted a 19 per cent uptick in its revenue, hitting $48.9 million in the first quarter of this year driven by improvements in Gross Merchandise Value and orders. The NYSE-listed e-commerce player's operating loss fell 71 per cent year-on-year. to $8.3 million Group CEO, Francis Dufay says the quarterly performance is symbolic as the company is back to growth.

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