Jumia Kenya fires six percent of its employees

[Cortedivoire]

Jumia Technologies recently shut down operations in Cameroon, Tanzania and Rwanda.
Its parent company made a net loss of €163.4 million (Sh18.3 billion) in the nine months ended September,

Jumia sends home staff as losses rise

Jumia Kenya has sent home about six percent of its local employees, coming days after its parent company announced the closure of its operations in three countries.

www.businessdailyafrica.com

 

[Nattydread]

Jumia Technologies recently shut down operations in Cameroon, Tanzania and Rwanda.
Its parent company made a net loss of €163.4 million (Sh18.3 billion) in the nine months ended September,

Jumia sends home staff as losses rise

Jumia Kenya has sent home about six percent of its local employees, coming days after its parent company announced the closure of its operations in three countries.

www.businessdailyafrica.com

Amazon, Ali Baba and Made in China.com cannot be beaten.

 

[Anglututu]

Amazon, Ali Baba and Made in China.com cannot be beaten.

Agreed, but they should have found their niche, especially in Africa.
Though that China competion is tight

 

[Ramses]

Most of these startups including those that are seemingly successful like Uber hardly ever return a profit despite raking in massive revenues. Something does not add up. How come they have such huge operational expenses despite chucking brick and mortar for automated services