Jumia exits South Africa, Tunisia, faces Nigeria, others
Africa-focused e-commerce retailer, Jumia Technologies will shut down its South African online fashion retailer Zando and its Tunisian operations by the end of the year. Chief Executive Officer, Francis Dufay revealed that the move is part of a strategic refocus on more profitable markets such as Nigeria. To achieve profitability, Jumia is implementing aggressive cost-cutting measures, which include reducing its …