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Faulty payment systems, patchy phone-network coverage, parking woes and unreliable customers: Just a day in the life of a typical delivery driver for Jumia Technologies in Lagos.
Jumia Technologies AG shares soared by 75% on their first day of trading in New York, as investors rushed to buy into the company’s plans to extend online shopping services across Africa.
Apart from being a mythical creature, a unicorn is also a privately owned startup valued at over a billion dollars. There's a trick to finding that rare beast, says Mikael Samuelsson.
Jumia Technologies AG has identified improper transactions at the Africa-focused online retailer’s Nigeria business that amounted to as much as 4% of first-quarter sales.
African online retailer Jumia is planning an initial public offering in New York this year that could value the business at about $1.5bn, according to people familiar with the matter.
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